Insurance and innovation share common goal

insurancebusinessmag | May 27, 2019

The insurtech tide is rising. Innovation has reached such heights in Canada that incumbent or legacy insurers can no longer swim against the tide and survive. Now, the onus lies with insurance companies in Canada to surf the insurtech riptide and build partnerships and alliances in order to bring innovation to Canadian consumers.Surfing the insurtech riptidewas the theme of the Insurtech North 2019 conference, held last week in Toronto. Emcee Guy Fracker, chief innovation officer at Insurance Thought Leadership, said the theme represents the wave of insurance and risk-focused start-ups emerging in North America, as well as the budding partnerships they’re starting to build with incumbent insurance firms.

Spotlight

One of the most paper intensive industries is insurance industry. There are endless forms to fill, copies of proofs to be preserved, and claims to deal with on regular basis. Under the circumstances, using simple word processors, insecure repository and emails or not adopting a streamlined process of document management can have serious negative consequences.

Spotlight

One of the most paper intensive industries is insurance industry. There are endless forms to fill, copies of proofs to be preserved, and claims to deal with on regular basis. Under the circumstances, using simple word processors, insecure repository and emails or not adopting a streamlined process of document management can have serious negative consequences.

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