The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

‘he industry, being conservative by nature, has a tough time catching up with consumers’ expectations, which are changing rapidly,’ said Charles Brindamour, CEO of Intact Financial Corp., Canada’s largest property and casualty insurer.
‘he industry, being conservative by nature, has a tough time catching up with consumers’ expectations, which are changing rapidly,’ said Charles Brindamour, CEO of Intact Financial Corp., Canada’s largest property and casualty insurer.
(MIKE CASSESE/REUTERS)

Insurance companies see threat in technology

The world’s top insurers are feeling threatened as technology changes the way people shop for coverage.

Even as the industry faces growing concerns over increasingly frequent natural disasters, persistent low interest rates and mounting regulatory pressures, insurance companies name disruption from technologically advanced competitors as one of their major worries.