By Mark Breading, ReSource Pro — Agents and brokers are no strangers to whispers that their role may one day disappear. However, thus far, they continue to be a mainstay in insurance distribution and have successfully navigated significant industry transformation. But could the recent rise in embedded insurance solutions tip the scales? What is embedded... Read more » The post How Will Embedded Insurance Affect Agents and Brokers? appeared first on Insurance-Canada.ca ..read more

by Stephen Applebaum and Alan Demers — The scourge of legal abuse in insurance is hardly new or even recent but rather has been insidiously growing throughout the industry for decades.  Referred to today as social inflation, the stakes are higher and so-called “tort reform” seems distant with no signs of slowing. Some 86% of... Read more » The post Social Inflation: Decades Of Insurance Litigation Abuse appeared first on Insurance-Canada.ca ..read more

By Aaron Davidson, CEO, Relay Platform — For better or worse, the cyber environment is a place of constant evolution. On one hand, that evolution means tremendous innovation. However, those leaps forward are unfortunately opening the world up to increased threats of cyberattacks. For businesses, this increase in cyber threats has resulted in a corresponding... Read more » The post Is instant quoting the future of cyber insurance and broker-carrier relations? appeared first on Insurance-Canada.ca ..read more

Gartner Q&A with Adnan Zijadic — As generative AI continues to disrupt the sales landscape, leaders are seeking ways to empower their sellers with the right content and tools to optimize AI capabilities in support of a wider revenue strategy. Despite the buzz, the salesperson role isn’t fading — it’s the human in the loop... Read more » The post Sales Leaders Must Harness the Power of AI While Keeping the Human Touch: Gartner appeared first on Insurance-Canada.ca ..read more

By Segic — In the current HR landscape, companies face a major challenge: meeting the diverse needs of four different generations in terms of employee benefits and group insurance. It is crucial to adopt an integrated and flexible approach to designing benefits programs that address these varied needs. Consider the differences between a young employee... Read more » The post HR Revolution: The Era of the Global Platform for Managing Employee Benefits and Group Insurance appeared first on Insurance-Canada.ca ..read more

By Jim Vecchio, Head of VIN Products, Autodata Division, J.D. Power — The insurance industry needs dynamic auto pricing symbols. At the 2024 Casualty Actuarial Society’s (CAS) Ratemaking, Product & Modeling (RPM) seminar last month, I had the opportunity to join Martin Ellingsworth from Salt Creek Analytics and Liam McGrath and Clayton Spinner from WTW... Read more » The post Simplifying Risk Analysis with VIN Data appeared first on Insurance-Canada.ca ..read more

By Tom Benton & Vinay Shah, ReSource Pro — The artificial intelligence landscape has changed significantly over the past year, presenting both fresh opportunities and new challenges to the property & casualty insurance industry. As AI continues to evolve, especially through advancements like GenAI, insurance companies must create strong governance frameworks to keep AI use... Read more » The post Why AI Governance is Important for P&C Insurers appeared first on Insurance-Canada.ca ..read more

By Mark Breading, ReSource Pro — Today, ReSource Pro Insights, our research practice, announces a big milestone: the release of our 300th published research report, “Embedded Insurance: Disruptor or Distraction?” This research examines the future of embedded insurance, offering valuable insights into a concept that has recently gained significant traction across the insurance industry. From... Read more » The post Many See Embedded Insurance As A Disruptor – Is It? appeared first on Insurance-Canada.ca ..read more

By Manav Gupta, CTO & VP, IBM Canada — 2023 was the year Generative AI made its way to the mainstream and rocketed up the business agenda. This year, almost two thirds (60 per cent) of C-suite leaders will be piloting Gen AI solutions, according to IBM’s Institute for Business Value. I had the pleasure... Read more » The post The Impact of Generative AI on enterprises appeared first on Insurance-Canada.ca ..read more

By Aaron Davidson, CEO, Relay Platform — As cyber risk continues to evolve faster than many insurance carriers can keep up with, API technology in insurance provides a powerful way to stay ahead of the curve. An API is technology that connects two unrelated software systems.  When we apply this to insurance, they enable greater... Read more » The post Three Use Cases for API Technology in Insurance appeared first on Insurance-Canada.ca ..read more