In recent years, Canada has emerged as a pivotal player in the fintech and insurance sectors, driven by significant technological advancements. A paradigm shift is unfolding within the financial services industry as artificial intelligence (AI) and automation take center stage in transforming
As artificial intelligence (AI) technologies continue to advance at a rapid pace, silent AI has emerged as a significant challenge in the professional indemnity insurance sector. Silent AI, akin to silent cyber risks, concerns AI-driven threats that aren't explicitly included in insurance
Simon Glairy is a prominent figure in the world of insurance and Insurtech, known for his deep expertise in risk management and AI-driven risk assessment. With a significant focus on advancing the insurance industry into the digital age, Simon brings a unique perspective on how technology can
Within the dynamic realm of Canadian finance, advisors are facing increasingly stringent regulatory challenges as regulatory bodies tighten their oversight. As the financial landscape evolves, so does the nature of regulatory scrutiny, with advisors required to meticulously adhere to rigorous
AI's rapid integration into customer service environments has prompted companies to rethink traditional risk management strategies. Recognizing the unique challenges posed by these technologies, Lloyd’s of London has launched a groundbreaking insurance initiative aimed at AI chatbot errors and
The emergence of AI liability insurance marks a significant turning point in managing the complex risks associated with deploying artificial intelligence systems across various sectors. As machines increasingly make autonomous decisions that could lead to unforeseen consequences, companies are
