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Insurance-Canada.ca - Where insurance and technology meet

NOVEMBER 14, 2017

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INSURANCE INDUSTRY NEWS

InsurTech Shifting Global Balance Of Power
Willis Towers Watson's third Quarterly InsurTech Briefing examines how technology has the potential to alter the global balance of power between (re)insurers in developed markets and those in emerging economies. Read more.

2018: Broker Challenges And The Big Pivot
The ability to use data to better understand and serve customers is the next great opportunity (and challenge) for brokers. This realization resulted in a new mission which ORBiT is calling “The Big Pivot.” Read more.

Business Intelligence Solutions Crucial
A new Novarica Market Navigator report outlines the current market for business intelligence software solutions to help insurers understand their options. Read more.

Commercial Buyers Brace For Market Correction
Commercial insurance buyers are likely to face rate increases for insurance programs as the industry continues to tally losses following an active and financially disruptive hurricane season, according to Willis Towers Watson's 2018 Marketplace Realities report. Read more.

Hubio New Guidewire Solution Alliance Partner
Guidewire Software, a provider of software products to Property and Casualty insurers, has announced that Hubio, a provider of technology solutions for P&C insurers, has joined the Guidewire PartnerConnect™ program as a Solution member. Read more.

Martel & Martel Assurance Selects Applied
Applied Systems and Martel & Martel Assurance have announced the brokerage's selection of Applied Epic to standardize operations and provide a single view of their entire business. Read more.

CSIO Welcomes New Carrier Howard Mutual
The Centre for Study of Insurance Operations is pleased to announce the addition of Howard Mutual Insurance Company, founded in 1892, to its membership. Read more.

CFIB, Northbridge Partner For Small Business
The Canadian Federation of Independent Business has chosen Northbridge Insurance as its exclusive commercial insurance partner to help ensure its members get the right coverage to protect their businesses. Read more.

Navacord Welcomes Toole Peet Insurance
Navacord Inc. is pleased to announce its partnership with the successful and historical Calgary-based brokerage firm Toole Peet Insurance. This opportunity expands Navacord's connections even further with entrepreneurial insurance brokers across Canada. Read more.

Betterview Launches Commercial Drone Package
Betterview, which is quickly becoming the platform essential to every transaction around buildings and properties, has announced it has released a commercial drone inspection package for insurers. Read more.

Mobile Apps Underutilized In Life Insurance
Aite Group's latest report looks at consumers' appetite for mobile apps from their life insurance carriers and what carriers are doing to meet those needs. Read more.

InsurTechTO Pitch Competition Hits The Mark
One of the most exciting sessions at InsurTechTO was the pitch competition. Six emerging startups showcased their ideas for a technology-enabled insurance solution to a panel of expert judges. Read more.

Ontario Leading Autonomous Vehicle Innovation
Ontario is reinforcing its status as a go-to destination for developing automated vehicles by launching AVIN, the Autonomous Vehicle Innovation Network, in Stratford. Read more.

Missing License And Registration? #DoNotRiskIt
Your driver's licence is suspended, or maybe your licence plates are expired, but you still think you can keep driving as long as you're careful and don't do anything to attract police attention? Read more.

Safe Driving Tips For Winter Conditions
Winter is coming, but winter driving conditions are already here. When roads are icy and swirling snow reduces visibility, it can be intimidating for drivers. SGI offers some tips to keep you safe on the road this winter. Read more.


2018 Insurance-Canada.ca Technology Conference - “Insurance Vectors: Risk, Technology, Engagement” - Feb. 27-28, 2018 - Beanfield Centre, Exhibition Place, Toronto


The Intersection: Insurance-Canada.ca Blog

What's going through the Intersection
of insurance and technology?

The 4th Generation of the Previously Unthinkable
Back in the early 1980s, a very wise senior IT manager introduced a group of insurance professionals to the concept of the “previously unthinkable” in regard to technology implementation. I am not sure how many people caught on to it, but it has served me well. And it informs the rise of InsurTech. Read more.


From Doug

The buzz from InsurTechTO carried well beyond the event and the social activity of the day. (Read more from our media partner, Canadian Underwriter, and others including itbusiness.ca.)

"I was engaged the entire day with the abundance of information being shared," said Wendy Watson, president of ORBiT Canada, after the event. Her article on ORBiT's “Big Pivot” also recaps InsurTechTO as it fits with their newly added direction.

The Pitch Competition added an extra dose of excitement with some enthusiastic competitors and clever ideas. Congratulations to the winner, Art Harrison from FormHero.

To me, InsurTech is a state of activity – fast, agile, innovative, customer-focused, and driven specifically by each organization's own culture – which insurance incumbents, tech providers and startups are all engaged in and working within.

Doug Grant, CIP
Partner
Insurance-Canada.ca

Doug Grant

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