HR
A single financial services regulatory approach does not mean a one-size-fits-all approach at all, a speaker stressed last week at the Canadian Insurance Financial Forum at the Allstream Centre in Toronto. Lawrence Ritchie, a partner at Osler, Hoskin & Harcourt LLP, is one member of an Expert Advisory Panel tasked with reviewing and recommending changes […]
By Jason Contant | May 30, 2016
4 min read
Transitioning to public cloud is a slow-moving process for most businesses, according to a new study by Softchoice, a North American IT solutions and managed services provider. Released on Tuesday, the study, titled The State of Cloud Readiness: Transformation and Strategic Adoption Measured, found that while progress is at hand, about 61% of surveyed organizations […]
By Canadian Underwriter | May 20, 2016
2 min read
Insurer websites are not keeping up with customer expectations, with just over half (55%) of those polled saying they “definitely will” return to the site for their servicing needs, according to the J.D. Power 2016 Insurance Digital Evaluation Study, released on Thursday. Now in its fifth year, the study, previously known as the J.D. Power […]
By Canadian Underwriter | May 19, 2016
3 min read
Big data and analytics, cloud computing, mobility solutions and tech start-up firms are among the emerging trends driving the insurance IT spending market in the United States, according to global technology research and advisory company Technavio. Technavio’s report on the insurance IT spending market in the U.S. by technology (IT services, hardware and software) and […]
The global insurance brokerage market will grow at a compound annual growth rate (CAGR) of more than 4% during the period from 2016 to 2020, according to global technology research and advisory company Technavio. The report from Technavio covers the present scenario and growth prospects of the global brokerage market for this period, the company […]
By Canadian Underwriter | May 17, 2016
As one of the brokerages that was “significantly affected” by the Fort McMurray wildfires, Sharp Insurance was able to contact every single one of its clients using analytics, attendees to the Insurance Analytics Canada conference heard on Friday. “We were able to review and mobilize our team and get in touch with all of our […]
By Jason Contant | May 16, 2016
Data analytics needs to be seen as a continuous journey, not just a destination, and those insurers that look forward to analytics in 10 years’ time will be the most likely to succeed, a speaker suggested on Friday at the Insurance Analytics Canada conference in Toronto. “The best firms, the most successful firms on this […]
By Jason Contant | May 15, 2016
Insurance agency mergers and acquisitions in Canada and the United States hit an all-time high for the first quarter of the year, with 109 reported transactions in the first three months of 2016, according to OPTIS Partners’ M&A database. The data covers U.S. and Canadian agencies selling primarily property and casualty insurance, agencies selling both […]
By Canadian Underwriter | May 12, 2016
Chris Lay has been appointed president and CEO of insurance broker and risk advisor Marsh Canada, the company announced on Tuesday. Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (MMC), said in a press release that Lay (pictured below right) will report to Robert Bentley, president of Marsh US and Canada. Lay succeeds […]
By Canadian Underwriter | May 11, 2016
IBM Security has announced that eight universities – including three in Canada – will help train its Watson computer system on the “language of security” as part of a year-long research project. Watson for Cyber Security, a new cloud-based version of the company’s cognitive technology trained on the language of cybersecurity, was announced on Tuesday […]
By Canadian Underwriter | May 10, 2016
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