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Ontario Securities Commission publishes artificial intelligence report

By Kate McCaffery | Oct. 12, 2023, 10:30 a.m.

Photo: Pexels | Google DeepMind

Capital markets use cases, benefits and challenges examined to determine the need for governance.

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Headlines

Canadians open to artificial intelligence advice – even when unsound

Hurricane Debby event is the costliest in Quebec’s history

Construction insurance capacity grows while pricing remains stable

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Flash

Canadians open to artificial intelligence advice – even when unsound

Construction insurance capacity grows while pricing remains stable

Marine insurers particularly exposed to geopolitical risks

Self-reported mental health declines among children

ONTARIO SECURITIES COMMISSION (OSC)

Securities commission publishes six-year strategic plan

Too many regulators in the same space

Canadian Investment Regulatory Organization recognized as a credentialling body

Ontario bans former Alberta representative from participating in capital markets

ERNST & YOUNG

Clients increasingly willing to switch service providers

Open banking research yields insights applicable in insurance

Year-end tax questions for private companies

Cyber threat concerns at an all-time high among Canadian executives

Distribution

Managing general agencies: A closer look at Ontario’s proposed licensing requirements

Life insurance application activity climbs in Canada

Co-operators General reports $96 million profit in second quarter

Intact nearly triples profit in Q2 2024

Regulation

Coalition asks regulators to allow adjuster reciprocity across the country

Licensing for managing general agencies: the consultation period ends

Ontario proposes additional Insurance Act amendments

Ontario ministry scrutinizes preferred provider networks

Special risks

Hurricane Debby event is the costliest in Quebec’s history

Reinsurers called out for retreating from risk

Pensions continue derisking

Poor integration of current technologies hinders pricing

Insurtech

Global healthcare reinsurance premiums continue to rise

Average insurtech deal doubles in size

Private equity eyeing the insurance sector

Digital twin technology lending a hand to the banking, finance and insurance sector

Analytic

Canadian life application activity flat in August

Actuaries climate index rose in early 2024

Nearly half of Canadians have difficulty meeting day-to-day expenses

Empire Life posts net income of $35 million for the second quarter of 2024

Artificial intelligence

Who is most likely to commit insurance claims fraud?

Economic conditions impacting service providers

Pension investment returns positive in the second quarter of 2024

Applied Systems acquires artificial intelligence firm