Insurance and innovation share common goal

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.

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