- Where Insurance & Technology Meet

Personal Lines: Top Business and Technology Projects

This year will see a renewed focus on telematics/UBI with big new shifts all around the customer New SMA Blog Deb Smallwood, Founder & CEO, Strategy Meets Action Boston, MA (Feb. 28, 2018) – SMA has tracked the changing course of business and technology projects in the insurance industry for nine years. Our recent research… Read more »

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Rise of the robots brings huge benefits for businesses, but also creates new loss and liability scenarios

Allianz Artificial Intelligence Report Highlights: AI-based applications will increase vulnerability of businesses to cyber-attacks and technical failure, leading to larger-scale disruption and loss scenarios Companies face liability challenges as responsibility shifts from human to machine and manufacturer. New framework needed to manage rise in AI-generated damages Risk management can help maximize the net benefits of… Read more »

Risk Management: Prevent a Claim or Prepare One? The Decision is Yours

We live in a constantly changing world. Risk management is a set of steps used to define the process of understanding and managing the risks associated with some changed condition. Change can be wanted and expected, thereby creating a new opportunity. Change can also be unwanted and unexpected occurring as a problem or deviation from… Read more »

2018 Broker Insurance Tech Awards

Aviva Canada announces the results of the first annual Broker Insurance Tech Awards with BMS scorecard Toronto, ON (Mar. 22, 2018) – As businesses and broker management systems (BMS) evolve, it has become increasingly difficult for brokers to identify the right BMS vendor to suit their unique business needs. Recognizing this pain point, Aviva Canada… Read more »

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Logiciels Deltek Inc. Integrates My Proof of Insurance eDelivery

Toronto, ON (Mar. 21, 2018) – The Centre for Study of Insurance Operations (CSIO) is pleased to announce that Logiciels Deltek Inc. is the first broker management system (BMS) provider to integrate CSIO’s My Proof of Insurance eDelivery solution. The solution enables members to send digital policy documents for personal and commercial lines, including proof… Read more »

Bogus auto theft claim and embellished injuries highlight Fraud Prevention Month

Winnipeg, MB (Mar. 16, 2018) – March is Fraud Prevention Month in Canada and Manitoba Public Insurance, in support of this initiative, has released three frauds which were recently discovered thanks to solid investigative efforts. The claims savings from uncovering these frauds are estimated to be nearly $50,000. “Insurance fraud is not a victimless crime… Read more »

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Connected-Car Insurance: The Rise of Data Exchanges

Connected-car data exchanges and alternative models are competing to bring OEM data to the insurance industry, giving insurers a number of options: Aite Group report Boston, MA (Mar. 21, 2018) – Aite Group’s latest report, Connected-Car Insurance: The Rise of Data Exchanges, explores auto insurers around the world and their quest to accelerate the penetration… Read more »

IBM Helps Accelerate AI with Fast New Data Platform, Elite Team

IBM launches new data science and machine learning platform for data-driven decision making plus a no-charge consultancy to advise clients on machine learning adoption Armonk, NY (Mar. 16, 2018) – As companies look to embrace Artificial Intelligence (AI) to gain competitive advantage and increase productivity, IBM has unveiled a new data science and machine learning… Read more »

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KPMG’s 5th annual Canadian insurance industry opportunities & risks report

KPMG’s 5th annual Canadian insurance industry opportunities & risks report Toronto, ON (Mar. 19, 2018) – With input from insurance professionals across the country, KPMG’s 5th annual Canadian insurance industry opportunities & risks report uncovers a number of interesting findings and trends. Rapid technological developments and shifting consumer preferences have revolutionized several sectors of the economy… Read more »

February storms, floods caused more than $57 million in insured damage across Southern Ontario and Quebec

Toronto, ON (Mar. 20, 2018) – Insurance Bureau of Canada (IBC) reports that a significant winter storm and flood event, which affected parts of Southern Ontario and Quebec, resulted in more than $57 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ). From February 19-22, 2018, a slow-moving high pressure system brought… Read more »