- Where Insurance & Technology Meet

Cyber Insurance is Gaining Traction, But Is There Direction?

Jason Contant, online editor at Canadian Underwriter, recently noted that cyber risk coverage is expanding “from simple data breach projection into the area of business interruption-with more changes likely in store.” However, the plethora of coverages, exclusions, and conditions could wreak havoc upon insureds and intermediaries alike. Can this be reconciled? Cyber risk driving cyber… Read more »

Endeavour partners with Advent Claims to support Lloyd’s coverholders in Canada

Edmonton, AB (Sept. 7, 2017) – Advent Claims, the technology-led Claims TPA, today announces it has entered into a partnership arrangement with Lloyd’s broker Endeavour Insurance Services, the specialist binding authority broker placing contracts on behalf of international Coverholders /MGA’s. Endeavour will implement Advantage, Advent’s claims management system that captures all information required by regulators, and… Read more »

What role will insurance play in the Sharing Economy Theatre?

The “sharing economy” (code for disruptive services such as Airbnb and Uber) is catching on with high consumer acceptance.  Governments are setting a stage which will allow consumers easy access to these new services.  Insurance will play a key role as well.  Our question is:  Will we be wearing a white hat or black hat?… Read more »

MGAs Walking the Specialty Line

Managing General Agents are getting attention of late.  A recent study finds that the MGA channel is growing faster in commercial market production than the commercial segment generally.  It points to specialty lines as a key driver. An international MGA association cites the need for MGAs to leverage analytics / modern technology to maintain the success. Last,… Read more »

Climate Change, Insurance, Data, and Technology

Climate change is a hot topic on many fronts, and insurance is playing a key role.  Some insurers and industry groups are promoting adaptation strategies, including modifications to insurance programs.  The sponsored Insurance 2023 Working Group is discussing the role that technology is and will play in supporting insurers.  Our question: how is climate… Read more »