Rob Tyrie

Roots Automation raises $22.2 million in Series B funding to advance its AI-powered Digital Coworker and InsurGPT™ technology, revolutionizing insurance data handling. Read the Latest full News - https://lnkd.in/d7cYEr5g #Techedge #TechedgeAI #RootsAutomation #AI #InsurGPT #InsuranceTech #FundingNews #GenerativeAI #DataAnalytics #InsuranceInnovation #TechInvestment #DigitalTransformation #AIinInsurance #TechFunding

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On Wednesday 22 May 2024, we have an exclusive #ICMIFWebinar featuring Canadian ICMIF member Co-operators and its journey to transition to the #cloud. This kind of transition represents a critical step for insurers to accelerate their digital transformation and stay competitive in the evolving insurance landscape. In this webinar, Co-operators will share its recent experience of this major technology upgrade to their P&C business as it transitioned from Guidewire V7 to the Guidewire Cloud Platform. Our speakers will be: Mike Kavaner, Vice President, P&C Technology Mike Curchin, Associate Vice President, Solution Architecture Grant Kelly, Associate Vice President, P&C Technology Large Initiatives This webinar will provide an opportunity for ICMIF members to increase their odds of success from the practical insights and learnings gained by Co-operators as it successfully migrated to the cloud to modernise its underwriting, policy administration, and billing operations. This will be episode 14 in ICMIF’s webinar series “The digital mutual”. In this series, various ICMIF members from around the world showcase their digital strategy and journey in the pursuit of digital transformation. Through the case studies shared, our members can learn how other leading mutual/cooperative insurers are harnessing the power of technologies to digitise their business and integrate digitalisation and innovation into their overall strategy, whilst maintaining their unique value proposition and member-driven focus. ICMIF members can find out how to register for this #ICMIFwebinar on Wednesday 22 May (3pm BST/UK time) via the link below! #OnlyatICMIF #ConnectingMutualsGlobally #CollaboratingwithPurpose #Mutuals #Insurance #DigitalTransformation #Innovation

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Top 10 insurtech companies in Canada

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Did you miss #CASRPM24? One of our speakers, Jim Vecchio, authored a summary of his session for Insurance Canada. Read about how VIN-specific data can revolutionize risk analysis in the insurance industry and emphasizes the need for dynamic auto pricing symbols. https://lnkd.in/eA4ewNsv

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Here are expert insights on using time-saving automation tools like Bureau Monitor to reduce the risk of slipping into non-compliance. https://buff.ly/3TeiSgj #insurance #compliance

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Antony Xavier, the President and Co-Founder of SimpleSolve Inc. in his new blog, describes essential speed-to-market strategies in the insurance industry . Learn how insurers are navigating challenges to bring new products to customers faster than ever. Stay ahead with #SpeedToMarket #InsurTech  #Innovation #DigitalTransformation #InsuranceIndustry #InsuranceProducts #specialityinsurance #CommunityInsurance #industrygaints #legacyitsystems #AI #ArtificialIntelligence #automation #StreamlineOperations #technology #technologypartnerships #policymodule #DigitalTransformation https://bit.ly/3vZv7VB

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Kevin Hall and Kumar Jyoti discuss the intricate world of specialist insurance and data in our most recent insights article. Looking at common data problems and how data remediation can fix them.   Read full insights here: https://lnkd.in/dHUcWxNF    #DataRemediation #Insurance #DataQuality 

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AKUR8, a next-generation insurance pricing and reserving platform powered by Transparent AI, has partnered with the Insurance Company of Prince Edward Island (ICPEI), a leading provider of personal and business insurance across Canada. The partnership focuses on leveraging Akur8’s RISK and DEMAND modules to enhance the process of model development at ICPEI. By integrating these tools, ICPEI seeks to refine its rating plans and optimise its overall pricing strategy. Samuel Falmagne, CEO of Akur8, said, “We are excited to partner with ICPEI, an insurance company renowned for its longstanding success in underwriting profitability. Their disciplined approach to risk selection perfectly complements our mission to empower actuarial and pricing teams with the tools to make smarter, faster decisions. We are confident that our platform will further enable their ongoing journey towards excellence.” Marc-Antoine Deom, Vice-President operations at ICPEI, added, “The success of the pilot program has paved the way for our ongoing collaboration with Akur8. This partnership highlights the transformative impact of technology and data-driven insights on traditional insurance practices, enabling us to identify and seize emerging opportunities. By integrating Akur8’s platform into our operations, we will be well-positioned to navigate the evolving insurance landscape.” https://lnkd.in/eegpN9GS #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partership

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Are actuaries already using large language models to support decision-making? Yes! Check out the use case for AI-driven pricing support presented by Aidan Gomez, CEO of leading enterprise AI company Cohere at the end of this interview #actuaries #genai https://lnkd.in/g8sRr858

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#ICYMI in the last few weeks: 🤝 Toronto-based Walnut Insurance has closed $4.6 million CAD in fresh funding to help more insurers, brokers, and enterprise businesses deliver embedded insurance products. https://lnkd.in/e_6XHU_V 🚗 Vancouver-based Miru, a developer of next generation electrochromic windows (eWindows), announced the closing of $20M USD in Series A financing. This Series A will fund investment into Miru’s dynamic glass roofs for automobiles, and support the build of new pilot lines in North America and Europe that will service the automotive and architectural markets. https://lnkd.in/gPG8wuxE 🔋 Electric vehicle ride share technology company, Kite Mobility was featured in Forbes! In collaboration with Tridel, they created a program that aims to provide mobility for senior citizens while helping to reduce the need for developers to address parking shortages on their properties by building additional lots or structures. https://lnkd.in/gKhQ87id 📍 Placer.ai boosts valuation to $1.5B after quietly raising another $75M. The startup provides a wide range of location-based analytics to companies in verticals like retail, events and entertainment, CPG, real estate, financial services and healthcare by combining AI with anonymized data that it sources from third-party apps. https://lnkd.in/dB6HxFZC 🏡 EliseAI, a company developing a suite of AI-powered property management tools for landlords, has raised $75 million in a Series D round that values the startup at $1 billion. https://lnkd.in/etdv3j5k Have any news for us? Email us at [email protected]! #news #toronto #vancouver #canada #startup #proptech #funding

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Insurance brokerages are seeing the benefits of incorporating Artificial Intelligence (AI) into their business operations, such as improved workflow efficiency and client satisfaction. However, brokerages must also know the risks when implementing this technology. A blog post from Applied Systems Canada outlines 6 best practices for adopting AI in insurance. Read the full post at: https://ow.ly/iXfn50REUCG #TechTues

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Victor Canada's president, Dave Cook was featured in Insurance Business Canada’s article, “SMEs get proactive protection with Victor Cyber.” In this insightful piece, Dave highlights the critical importance of comprehensive cyber insurance, emphasizing how cyberattacks can inflict damage beyond financial loss. Discover how Victor Canada is addressing today’s toughest challenges in the cybersecurity landscape. 🔗 Read the full article here: https://lnkd.in/eRmPvT2b #IBC #article #inisghts #cyber #expertise #victor

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Darien Acosta Chief AI Officer at Cover Whale and Behzad Salehoun Canadian Insurance Lead and Partner at Capco Canda join Elizabeth Blosfield on Carrier Management’s InsurTech Virtual Summit to discuss the role of AI in enhancing company culture, improving customer interactions, while also sharing crucial advice on implementing AI in talent processes. View this panel to explore the future of AI in Insurance talent management. ➡️ https://okt.to/qMQDlB #Insurance #insurtech #ai

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🔐 Unlocking the Future: Dive into the dynamic world of Canadian Insurtech with insights from the top 5 companies leading the charge. 🌟 #Insurtech #Innovation #Canada #insurance #digitalinsurance #digitaltransformation #insurance #reinsurance Learn more at: https://lnkd.in/gv6mvG4h

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We are excited to share that Sven Roehl, EVP Innovation at msg global, was prominently featured in a recent Quarterly Review of Insurance Institute of Canada, together with other Canadian industry leaders! AI is revolutionizing the insurance industry, promising more individualized risk assessments and better customer service. However, it's crucial to consider the ethical implications of this technology. In the article ‘Artificial Intelligence: Emerging technologies and ethical questions for the insurance industry,’ he provides in-depth insight into the importance of applying AI ethically. According to Sven Roehl, insurance companies need to think ahead about how they will protect consumer data. "How a company intends to prevent privacy breaches and how they would address one were it to happen are among the issues that should be laid out in a clear AI strategy worked out in advance," Roehl explains. By developing comprehensive AI strategies, insurance companies can ensure they address privacy concerns and prevent bias, fostering a fairer and more transparent industry. See the full article here https://lnkd.in/ggAbvuJF #Privacy #AI #Insurance #DataSecurity #Innovation #AIStrategy

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Use it. Build it. Break it. 🛠️ I sat down with Luka Lamaj and the Microsoft Reactor to talk about the AI landscape, Canadian startups and how larger organizations are navigating their own AI transformations. Hang on to the end to hear what quote guides my work daily 💡 https://lnkd.in/gspwd_NW #AI #CanadianStartups #Founders #Innovation #TechOdyssey

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Discover how Canadian insurers are embracing generative AI and other cutting-edge technologies to revolutionize the industry and tackle challenges, as per the latest Reuters report. #insurance #insurtech #technology https://lnkd.in/ePaqi28k

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Insurity Announces Glia to Deliver Keynote on Enhancing Insurance Interactions with AI at Excellence in Insurance “Insurity is thrilled to have Ryan Clissa share his expertise on the future of insurance communication,” said Chris Lafond, Chief Executive Officer at Insurity. “The ability to create seamless, multi-channel experiences is a game-changer for insurers, and his insights will provide valuable strategies for organizations looking to stay competitive in this evolving market.” https://lnkd.in/e82Dwm3g Ryan Clissa Elizabeth Hutchinson Sylvester Mathis, III Jonathan Victor R Kenin Page Leith Mahoney-Maver Daniel Michaeli Jeremy Smith Justin DiPietro #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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