Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
Inspired. Extraordinary. Insightful. Transformative. Innovative. These are the words describing what I heard, saw, and experienced at the recent MIT Sloan CIO Symposium, titled Lead Your Digital Enterprise Forward: Are you Ready for the Next Digital Revolution? The symposium had…
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Every day we read of yet another hospital, hotel, restaurant or retailer that has been the latest victim of a cyber attack. According to a new report issued by Ponemon Institute, a full 59% of IT security professionals in Canada…
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We are just a few days away from the publication of our next IBM Institute for Business Value insurance study.
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There has been much discussion about the introduction of vehicle telematics to the Canadian insurance marketplace. The idea of usage-based insurance (UBI) is that a driver’s behaviour is monitored in real time while the person drives. This information is then…
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On July 1, 2014, the first phase of a federal law called Canada’s Anti-Spam Legislation (CASL) comes into force. Intended to protect consumers from unwanted electronic commercial solicitation in their email inboxes, social media feeds and instant messaging accounts, CASL…
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Innovation ecosystem. Open innovation. The combination of these two empowers the collaboration and the sharing of knowledge, information, and ideas that are accelerating innovation today, helping to reimagine industries and companies. Why is an ecosystem so powerful and so critical?…
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Residual risks will always be around (no technology is failsafe, and there is always the human factor), but will this be enough to support more than 10,000 insurers globally?
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Data standards drive efficiency in the broker distribution channel, but what happens when standards start to take the wheel themselves? Driverless vehicles are currently being developed by companies such as General Motors, Daimler AG, Nissan and Google, and could be…
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A study was recently released by Ron Actuarial Intelligence reviewing he effectiveness of a Forward Collision Warning (FCW) system and a Lane Departure Warning (LDW) system on bodily injury claim costs in Israel.
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My view always used to be that the most compelling use for mobile/apps for insurance is currently in the support of advisors, agents, brokers and other intermediaries, i.e. not for end customers at all.
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With a little help from Brad Pitt on the way, arguably it was Michael Lewis who first introduced ‘big data’ into the public consciousness with the publication of his book Moneyball more than a decade ago. His account of how a baseball club assembled a competitive and ultimately successful team despite its weak financial situation revealed to a global audience the power of analytical, evidence-based metric approaches in developing winning strategies.
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What a stunner and brilliant outside-in move by AXA – to position themselves as a dominant digital insurance company by partnering with Facebook! You baseball fans will know the phrase, “the shot heard round the world,” which was said about…
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I was at a workshop last week with several high-ranking insurance executives where we talked about interesting developments for the future of our industry. Invariably, the topics of innovation, regulation and the conservative nature of the industry came up. I’ve blogged about this on this…
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Each year, EY publishes our Canadian property and casualty insurance outlook, where we take the pulse of the industry and note what challenges – and opportunities – are in store for the year ahead. It’s fair to say the industry…
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