Many See Embedded Insurance As A Disruptor – Is It?
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
1w ago
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
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The Impact of Generative AI on enterprises
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
2w ago
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
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Three Use Cases for API Technology in Insurance
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
2w ago
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
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Building A Data Strategy For Generative AI
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
3w ago
By Manav Gupta, CTO & VP, IBM Canada — Artificial Intelligence is making headlines daily. It’s dominating business conversations and shooting to the top of the agenda for many corporates, if not already there. According to IBM’s Institute for Business Value, 60 per cent of C-suites will be piloting Gen AI solutions in their organizations... Read more » The post Building A Data Strategy For Generative AI appeared first on Insurance-Canada.ca ..read more
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A Beginner’s Guide to Cyber Insurance & Risk Management
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
1M ago
By Aaron Davidson, CEO, Relay Platform — The cyber threat landscape is rapidly changing and presents an ever-growing challenge to mitigate risks with the right coverage. The complexity of the threat landscape continues to grow as new attack strategies are identified with alarming regularity. This guide will cover all the basics of cyber insurance and... Read more » The post A Beginner’s Guide to Cyber Insurance & Risk Management appeared first on Insurance-Canada.ca ..read more
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Artificial Insurance Trends in Insurance
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
1M ago
By SortSpoke — The Property and Casualty (P&C) insurance sector faces many complex challenges. Inflation, climate change and social unrest have led to increasing losses, and a hardening reinsurance market makes it more difficult than ever to sustain growth. No wonder P&C carriers worldwide are looking for new, agile approaches to doing business. For many,... Read more » The post Artificial Insurance Trends in Insurance appeared first on Insurance-Canada.ca ..read more
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Simplifying Risk Analysis with VIN Data: A CAS Seminar Recap
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
1M ago
By Jim Vecchio, J.D. Power — The insurance industry needs dynamic auto pricing symbols.  At last month’s Casualty Actuarial Society’s (CAS) Ratemaking, Product & Modeling (RPM) seminar in New Orleans, I had the opportunity to join Martin Ellingsworth from Salt Creek Analytics and Liam McGrath and Clayton Spinner from WTW for a panel discussion around... Read more » The post Simplifying Risk Analysis with VIN Data: A CAS Seminar Recap appeared first on Insurance-Canada.ca ..read more
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Three Important Macro Trends Shaping Risk
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
2M ago
Iryna Lozynska, Product Innovation Strategist, HSB Canada — Iryna Lozynska, Product Innovation Strategist New Solutions, helps us understand three emerging risks facing businesses and consumers, walking us through the most important macro trends she feels have implications for the risk landscape and insurance industry. 1.    Hiring and employment regulation is becoming more complex Businesses... Read more » The post Three Important Macro Trends Shaping Risk appeared first on Insurance-Canada.ca ..read more
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Behind the Wheel: Navigating Hard Market Challenges in the Personal Auto Insurance Industry
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
2M ago
Erik Bahnsen, Industry Analyst, CCC — It’s no secret that we’re in the midst of a uniquely challenging time for personal auto insurers due to a convergence of factors including risky driving and significant increases in the cost of auto repair/replacement, labor, and medical bills. The industry has reacted to those challenges with unusually steep... Read more » The post Behind the Wheel: Navigating Hard Market Challenges in the Personal Auto Insurance Industry appeared first on Insurance-Canada.ca ..read more
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Tough Times Call for New Priorities for P&C Personal Lines Carriers
Insurance Canada - Where Insurance and Technology Meet
by Insurance-Canada.ca
2M ago
By Meredith Barnes-Cook, Partner, Resource Pro Consulting — It has been quite a year for property & casualty personal lines carriers in the U.S., and the implications are showing in their strategic priorities for 2024. Last year, ReSource Pro’s Strategic Initiatives research revealed the key business drivers for technology investments: customer expectations and growth. A... Read more » The post Tough Times Call for New Priorities for P&C Personal Lines Carriers appeared first on Insurance-Canada.ca ..read more
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