Tech

Premium renewal rate positive across almost the majority of commercial product lines in U.S.: IVANS

The premium renewal rate change for most standard commercial lines products in the United States remained in positive territory for July, with workers’ compensation representing the only standout, notes the latest IVANS Index. The majority of standard commercial lines products – namely Auto, Business Owner’s Policy (BOP), General Liability, Property and Umbrella – saw positive […]

By Canadian Underwriter | August 3, 2017

2 min read

Economical launches data breach coverage for Canadian businesses

Waterloo, Ont.-based Economical Insurance announced on Wednesday that it has launched EXPERT Cyber, coverage that is available to commercial policies for Canadian businesses in the event of a data breach. “Cybersecurity is a growing area of concern for businesses of all sizes,” Fabian Richenberger, executive vice president of commercial insurance at Economical, said in a […]

By Canadian Underwriter | August 2, 2017

2 min read

Global software company Symbility Solutions partners with Toronto’s DeepLearni.ng to bring AI to property insurance

Global software company Symbility Solutions Inc. announced on Wednesday that it has entered into a new partnership with Toronto-based DeepLearni.ng to bring artificial intelligence (AI) solutions into property insurance. Symbility said in a press release that “by closely collaborating with Symbility’s leadership, DeepLearni.ng has completed a comprehensive assessment of current opportunities in the company for […]

By Canadian Underwriter | August 2, 2017

3 min read

Digital and app users not waiting around, quick to bail on non-responsive service: Australia research

A huge divide exists between consumer expectations of their digital service experience and what is being delivered, with three-quarters of recently polled consumers in Australia reporting they will stop trying a digital app or service within a minute if it stops working or slows down. Findings in State of Digital Operations: Australia, clearly show “a […]

By Canadian Underwriter | August 2, 2017

4 min read