The Intersection - The Insurance-Canada.ca Blog

The Era of the Digitally Unthinkable

Digital transformation is a hot topic these days. In many ways, the technology is a catalyst for different approaches to the business of insurance. To take advantage of this, insurers and suppliers will have to look at the existing relationships and be prepared to commit to new terms of reference.  Are we prepared for that?… Read more »

Whose Biz? uBiz!

Small commercial business is highly competitive.   While the majority of the business continues to be written by brokers, direct writers and direct marketers are making inroads, primarily because of their ability to process the business quickly and efficiently.  Recently Gore Mutual announced an offering which provides efficiency, effectiveness, and the value of an independent broker…. Read more »

When a Keynote Lasts All Day: Sharon Ludlow @ ICEF2015

A keynote address is intended to set the tone for a conference. This was exactly the case at the 2015 Insurance-Canada Executive Forum (ICEF2015). Sharon Ludlow’s remarks to kick off the day became the outline for the expert faculty to follow. We’ll provide samples here and will add further notes from ICEF2015 on another day. It… Read more »

Threats, Opportunities & The Future of Insurance

We normally write about technology’s impact on the process of insurance.  However, respected analysts and practitioners suggest that the cause / effect relationship between  technology and the business of insurance is blurring.  We cite examples below and are developing a program which will explore this further at the Insurance-Canada.ca Executive Forum (ICEF2015) on August 31, 2015. PWC’s… Read more »

Sponsors: Need a Plan B for Core Systems Modernization Projects?

A recent report from SMA provides an excellent outline of best practices for implementing modern core systems. As a bonus, and without explicitly saying so, the report also provides a safety net for the executive who has been appointed the project sponsor and who might find, at some point, that all is not going tickety-boo…. Read more »

Why should insurers be interested in bitcoin? (Hint: It’s not about the money)

Bitcoin hit many business users’ radar screens in a quadrant labelled “Don’t even think about it.” It looked like a complex product, developed by geeks, that served the interests of  international criminals. We were in this camp until we learned that the best part of bitcoin doesn’t involve financial transactions and may solve some big… Read more »

Emerging Auto Threats and Opportunities: In Conversation with Catherine Kargas

For the third year running, the Insurance-Canada.ca Executive Forum (ICEF2015) will feature Catherine Kargas, Vice President, MARCON leading an expert panel in exploring how upcoming changes to regulations and technological improvements will impact auto insurance over the next decade. Patrick Vice, Partner at Insurance-Canada.ca, interviewed Catherine for some additional background. Following is an excerpt. Vice:… Read more »

Threats and Opportunities in a Totally Connected World

How does insurance work in a totally connected world? Would the available data and expanded mitigation opportunities decrease risk, potentially lowering premiums? Or would we see new risk opportunities with increased value and exposures associated with connectivity (cyber risk, critical failures)? Stick around, the next decade will be informative. And you can get a preview… Read more »

Technology in 2025: You Want to Insure WHAT?

There’s a site we go to once in a while to get a fix of cutting-edge  technology. A recent visit  surprised us more than usual, because it cuts close to something we’re working on. We would like to introduce an investigation that involves you. It started here… Singularity Hub is the media arm of Singularity University which… Read more »

What Opportunities and Threats Will You Be Facing in the Next Decade?

We are launching our theme and content for the 2015 Insurance-Canada.ca Executive Forum (ICEF2015), and to make this event as valuable as possible, we  want to get some of your feedback in advance so our session presenters can be fully prepared to engage in real dialogue with attendees. This post will focus on the high… Read more »