In the ever-evolving landscape of Canada's financial markets, the Office of the Superintendent of Financial Institutions (OSFI) has updated its Annual Risk Outlook for the current period. This report identifies numerous significant risks that may impact the financial sector and outlines
The insurance industry is on the brink of a significant transformation driven by two groundbreaking technologies: Generative AI and the Internet of Things (IoT). Experts predict that these technologies will reshape various aspects of the industry, from underwriting and claims processing to customer
The insurance industry stands at the cusp of a revolutionary transformation fueled by rapid technological advancements. As digital transformation has moved from being a strategic option to an indispensable business necessity, stakeholders in the insurance sector are now leveraging cutting-edge
The insurance industry stands on the brink of a revolution, led by advancements in Artificial Intelligence (AI) and automation. As these technologies continue to evolve, they promise to reshape various facets of insurance, enhancing efficiency, accuracy, and customer experience. With the
Nirvana Insurance, a pioneering AI-based commercial trucking insurer, made a significant stride by securing an $80 million Series C funding round, moving its valuation close to $850 million. This funding achievement underlines the company's remarkable progress, having surpassed $100 million in
In this interview, we speak with Simon Glairy, an expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. How would you describe your approach to meeting with new clients? When I meet with potential clients, I focus on a
