Insurance-Canada.ca Technology Awards
The latest winners were announced at the 2024 Technology Forum in Toronto
(Jump to: Purpose; Eligibility; Publishing Descriptions; Criteria)
HIDDEN BLOCKQUOTE NOTICE
Nominations will open soon; please check back for the nomination form. Details of each nomination will be published online and featured in the Chronicle newsletter.
Sponsorships are available now – contact info@insurance-canada.ca for details.
The ICTAs
Technology has become an integral part of our lives and our businesses even as it evolves ever faster. Insurance industry practitioners (insurers, brokers, providers of claims services or other insurance services) are making innovative uses of technology to respond to customer expectations, increase efficiency, improve service (to customers, partners and employees alike), and become more competitive.
InsurTech innovation contributed to an increasingly digital and customer-focused insurance ecosystem as the industry addressed new risks (cyber, climate, crypto, etc.) and moved to implement new approaches (on-demand, parametric and embedded insurance) and new practices (continuous underwriting, greater personalization). Risk management is increasingly important as the industry moves toward “Predict and Prevent” (or “Detect & Mitigate”) and the expanded customer service it represents.
The purpose of the Insurance Canada Technology Awards is to celebrate the use of technologies that impact insurance. Since 2010, the “ICTAs” have highlighted innovation by organizations in the Canadian property & casualty insurance industry whose implementation and use of technology shows a significant impact on a process or group of processes used in the marketing, sale, processing and servicing of insurance within their business in Canada – i.e., innovation with a technology component. All areas of the business are eligible: product development, distribution, policy administration, claims management, etc.
Why Sponsor?
Through your sponsorship, emphasize your focus on innovation to improve your insurance business, or on your products and services which help insurance practitioners improve theirs.
Contact info@insurance-canada.ca for more information; additional details will be available soon.
Why Nominate?
Nominate your team or a business partner and get published! (Details below)
- Demonstrate your innovation and progress;
- Reward your team;
- Reinforce your brand;
- Inform a broader audience.
Get Published
In order to provide more visibility for the nominees, their partners, and the usage of technology, two things will be published for each qualified nomination:
- The “Executive Summary” will be posted in the permanent index of ICTA nominations;
- An “Application Brief” will be published and featured in our Chronicle weekly newsletter.
These uses of technology illustrate how insurance businesses are improving their competitive posture, whether catching up or leading the pack.
Eligible Businesses
There are two distinct categories of ICTAs:
- Insurance practitioners: Those businesses which “do” one or more process steps in the transacting of insurance business, using their own rules and processes.
- Technology and other providers: Those who provide – even run or manage – technology or produce generic data for insurance practitioners.
2022 ICTA Sponsor:
Award Criteria
The ICTAs are judged by people with insurance and technology expertise. The primary criterion for all awards is the positive impact that a specific technology or application of technology has had on business. A small application may have a large relative impact, while a huge implementation may not have so great an impact.
This application of technology should be relatively new to reflect current innovation, but should also have been operational for a while to have some assessment of the business impact.
ICTA Nominations
Nominate an application of technology in your business, in another business or with another business or two, make a group nomination.
For complete details about the nomination process, including eligibility criteria, visit the ICTA Nominations page.
Past Winners
See our ICTA Winners page for the results of prior years.
Questions?
If you have questions about eligibility or nominations, please contact icta@insurance-canada.ca.
