Insurance-Canada.ca - Where Insurance & Technology Meet

InsurTech Is Triggering Transformation in Personal Lines

Boston, MA (Oct. 4, 2017) – Strategy Meets Action (SMA), a leading insurance strategic advisory firm, has just released a new research report, InsurTech and Personal Lines: Examples, Use Cases, and Implications. The report analyzes the current state of the InsurTech world by assessing approximately 600 startups that SMA has identified as relevant for personal… Read more »

Most InsureTech Startups Not Direct Threats to Insurers: Novarica

InsureTech startups provide opportunities for carriers to learn and form partnerships Boston, MA (Sept. 26, 2017) – The insurance industry is buzzing about InsureTech; however, despite the obvious importance of InsureTech industry, most of the media in the space is directed towards innovators and investors. This approach neglects to address the two basic questions asked… Read more »

Tags: , ,

Insurance Industry Faces Digital Disruption on All Fronts

Capgemini and Efma’s World Insurance Report highlights the growing popularity of InsurTech services among consumers and offers insight into opportunities for incumbents New York, NY (Sept. 13, 2017) – The 2017 World Insurance Report (WIR), released today by Capgemini and Efma, finds that a wave of new digital technology is confronting most insurance sectors. While… Read more »

Life Insurer Survey Finds Nearly Half of Respondents Are Operating Without a Digital Strategy

Gartner and LOMA Joint North American Life Insurer Survey Stamford, CT (Aug. 17, 2017) – A recent survey by Gartner. Inc. and LOMA revealed that digital maturity among North American life insurers remains low, with 49 percent of the survey’s respondents having no digital strategy in place and many without an understanding about how digitalization… Read more »

Disruption: 50 Years On

Disruption is very much in vogue as a target  for new technology.  But disruption is not a recent development.  As a fully invested boomer, I have been thinking about the 50th anniversary of 1967 – a year of fundamental disruption.  Two events stand out in my mind, the latter relating directly to insurance and the importance of… Read more »

Claims management increasingly in focus as InsurTech funding volume climbs to $985 million in Q2 2017 amidst record number of transactions

London, UK (July 20, 2017) – The second Quarterly InsurTech Briefing from Willis Towers Watson, the leading global advisory, broking and solutions company, examines how incumbents and new entrants in the insurance sector are developing and adapting technology-driven applications focused on streamlining the insurance claims management process and considers the future implications of this trend…. Read more »

InsurTech Futures

InsurTech is a hot topic in the insurance community. Developers are bringing forward digital technologies, which improve existing functionality, increase customer experience, support new products, and reduce friction costs. The big question is whether InsurTech will continue to operate on the periphery of ‘standard’ insurance technology or integrate with insurers’ architecture. InsurTechs are taking positions……. Read more »

Industry Benefits of Insurance Telematics and InsurTech

Addressing Claims Cost, Customer Acquisition, Retention and Engagement: IMS White Paper Waterloo, ON (July 7, 2017) – Positive disruptive changes taking place in the insurance industry center around using data-driven technologies to provide new and better services that deliver greater value to policyholders. The challenge for insurers is recognizing and adapting to the substantial changes… Read more »

Is Insurance the Future of InsurTech?

InsurTech is the hot topic this year, and for good reason. In the effort to improve consumer engagement, InsurTech’s new technology-driven construct is showing value. But can we envision base insurance principles being stretched in service of modernity? Customer Experience – Oxymoron or What? Having worked in the industry for a while, I can say… Read more »

Who Can Do InsurTech? Who Should?

The term “InsurTech”  is a bit ambiguous, describing a wide scope of activities.  Depending on the source, InsurTech  may cause disruption of current insurance practices, the rise of new insurance products, the evisceration  of entire insurance C-Suites, the ascension of new entrepreneurs to Unicorn status.  This is not particularly helpful. I prefer to use a… Read more »