Tech

Regulator approves proposed ‘novel way’ of commercial insurance distribution

The Financial Services Regulatory Authority of Ontario’s (FSRA) Innovation Office has approved its first application under its test-and-learn environment — a regulatory ‘sandbox’ that allows the industry to test out new ideas, concepts and innovations. An insurance company is proposing to test a novel way of distributing commercial insurance products across Ontario through a “direct […]

By Jason Contant | August 30, 2023

3 min read

Will generative AI impact your career prospects?

Will generative artificial intelligence (AI) make your skill sets obsolete? If you answered yes, you have the same belief as 17% of Canadian workers recently surveyed by recruiting and business consulting firm Robert Half. Survey respondents worked in occupations ranging from finance and accounting (which includes insurance), technology and legal, to HR, administrative and customer […]

By Phil | August 22, 2023

2 min read

Digital-first firms partner on car-share coverage

Digital auto and home insurance provider Onlia has partnered with car-subscription service Roam to provide its Ontario customers with personalized rates and a faster checkout when picking up cars. In addition to vehicles, Roam’s pay-as-you-go subscriber plan members are provided insurance, routine maintenance, roadside assistance and other benefits. Prior to the partnership with Onlia, Roam’s […]

By Phil | August 17, 2023

2 min read

Why you need to better understand data from your BMS

Brokers who can effectively capture data from their broker management systems (BMS) or other digital technology tools will be able to reap the benefits not only for their brokerages but for clients as well, panellists said during a Canadian Underwriter webinar last week. Of course, this task is much easier said than done. Brokers have […]

By Jason Contant | July 5, 2023

3 min read