HR
The Financial Services Commission of Ontario (FSCO) has drawn a line in the sand when it comes to using telematics data for claims management, but it is not a given that line will always be in place, Blair Currie, vice president of Canadian business development for Intelligent Mechatronic Systems Inc. (IMS), suggested Thursday during an […]
By Jason Contant | April 29, 2016
4 min read
Tech
Global IT spending in insurance will grow to US$184.9 billion this year, according to a report released on Thursday by Celent, a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. The report, titled IT Spending in Insurance: A Global Perspective, estimated that continued growth will increase to US$208.1 […]
By Canadian Underwriter | April 28, 2016
2 min read
The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced on Wednesday the introduction of TechAdvantage – a product the company is calling the “first equipment breakdown insurance product covering undetectable physical damage to microelectronics.” TechAdvantage expands equipment breakdown and business interruption coverage beyond evidence of physical damage to circuit […]
By Canadian Underwriter | April 27, 2016
Worldwide spending on security related to the Internet of Things (IoT) will reach US$348 million in 2016, a 23.7% increase from 2015 spending of US$281.5 million, according to Gartner, Inc. Gartner, an information technology research and advisory company based in Stamford, Conn., said that by 2018, spending on IoT security is expected to reach US$547 […]
By Canadian Underwriter | April 26, 2016
The Centre for Study of Insurance Operations (CSIO) announced on Tuesday that it has released its new eSignatures Savings Calculator tool, which supports members in determining the return on investment (ROI) of adopting an eSignatures solution. The calculator estimates the monthly and yearly cost savings members can expect to realize through paperless workflow, CSIO noted […]
Insurers who succeed will “do so by dramatically transforming their workforces and cultures to operate in a digital world,” according to a report released on Tuesday by Accenture, a global professional services company providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. The Accenture Technology Vision for Insurance 2016 […]
Kanetix Ltd. has partnered with ClientDesk Inc. to offer a new insurance solution to insurance providers, intermediaries and their customers – a mobile self-service technology for policyholders that allows insurance providers to connect with their clients via a mobile app. “The biggest benefit of our partnership with ClientDesk is having over 16 years of business […]
By Canadian Underwriter | April 25, 2016
Not understanding the changing customer could prove detrimental to the insurance industry, Sam Natur, CEO and president of Bullfrog Insurance, told conference attendees last week at the 2016 CIP Society Symposium in Toronto. “If you think that’s not going to happen in this industry or we’re different or we need to have more of a […]
By Jason Contant | April 25, 2016
3 min read
The first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms by year 2020,” predicted Barrie Kirk, co-founder and executive director of the Canadian Automated Vehicles […]
By Canadian Underwriter | April 22, 2016
With the number of disruptors entering the insurance industry, personal lines insurance is set to undergo a dramatic transformation, but will likely not disappear altogether, speakers suggested Thursday at the 2016 CIP Society Symposium. Catherine Kargas (picture below right), vice president of Montreal-based MARCON Management Consultants Inc., told conference attendees that she believes that personal […]
By Jason Contant | April 22, 2016
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
