Insurance-Canada.ca - Where Insurance & Technology Meet

The Nice Thing About Standards: They are So Flexible

Canadian Underwriter‘s Greg Meckbach recently described concerns by brokers focused on differences in insurance coverages for water damage to homes. In the article, Glenn McGillvray, managing director of the Institute for Catastrophic Loss Reduction (ICLR), said that the host of wordings by different insurers “causes and will continue to cause confusion, as premiums, deductibles, caps/limits,… Read more »

Guidewire Software Announces Hubio as New Solution Alliance Partner

Hubio publishes its first Ready for Guidewire accelerator to help Canadian insurers fulfill regulatory requirements Foster City, Calif. (Nov. 6, 2017) – Guidewire Software, a provider of software products to Property and Casualty (P&C) insurers, today announced that Hubio, a provider of technology solutions for P&C insurers, has joined the Guidewire PartnerConnect™ program as a Solution… Read more »

Guidewire to Acquire Cyence

Acquisition will enable Guidewire to provide P&C insurers with cloud-based data listening and risk analytics solution for managing “21st century risks” Foster City, Calif. (Oct. 6, 2017) – Guidewire Software, Inc., a provider of software products to Property and Casualty (P&C) insurers, and Cyence, Inc., today announced that the companies have entered into a definitive agreement… Read more »

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Guidewire to Bring the Power of Salesforce CRM to P&C Insurance

CRM solution will empower insurers to better engage with customers Foster City, Calif. (Sept. 27, 2017) – Guidewire Software, Inc., a provider of software products to Property and Casualty (P&C) insurers, today announced it is teaming with Salesforce to bring to market a new solution to deliver CRM optimized for the unique needs of P&C insurance…. Read more »

RSA Canada Deploys Guidewire System for Claims Management

Canadian general insurer using Guidewire ClaimCenter® to achieve business agility and enhance user experience Foster City, Calif. (Sept. 20, 2017) – Royal & Sun Alliance Insurance Company of Canada, a leading Canadian general insurer, and Guidewire Software, Inc., a provider of software products to Property and Casualty (P&C) insurers, today announced that RSA has successfully… Read more »

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Insurance Corporation of British Columbia Deploys Guidewire Digital to Handle Policyholder Claims

ICBC implements Guidewire Claim Portal™ for Policyholders on time and on budget, and increases customer service levels while lowering costs Vancouver, B.C. (July 24, 2017) – Guidewire Software, Inc., a provider of software products to Property and Casualty (P&C) insurers, today announced that the Insurance Corporation of British Columbia (ICBC), a provincial Crown corporation and… Read more »

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Are InsurTechs Defining the Next Generation of Enterprise Systems?

Since the mid-1970s, there has been a core group of suppliers who provide enterprise systems specifically designed for P&C insurers. The group changes periodically, with mergers, acquisitions, and new technology. However, the basic functions haven’t changed much. InsurTech may be the catalyst for disruption. Back in the day …. Insurers were one of the first… Read more »

Can Insurers Really ‘Do’ InsurTech?

Common wisdom has it that established insurers are not able to leverage InsurTech – the use of digital technology innovations designed to squeeze out savings and efficiency – with the same efficacy as start-up enterprises. We challenged two assumptions in our last post and will now address the third. In the last episode … I… Read more »

Digital Value Drivers

In my role on the Digital Market Insight team at Guidewire, I spend a lot of time talking to our customers and other insurers all over the world about their digital strategies. It is clear that every insurer is investing in “going digital”. But what is really driving this investment? We ask this because our… Read more »

The Transforming Insurer: Competing in a Post-Modern World

Insurers have spent significant time and money updating processes and modernizing core business systems. What happens if modernization is only table stakes? According to leading analysts and practitioners, competitive pressures are increasing, coming from traditional and non-traditional suppliers. Their competitive advantage?  Transforming the enterprise to meet the demands of customers. How we got modern …… Read more »