“A way to leapfrog”: AWS executive says regulated industries moving fastest on AI Jul 6th

Insurance policy getting you down? There are always sound insurance alternatives.

Latest News

Best credit cards for rental car insurance in Canada + MORE Dec 14th

Rental car insurance is a travel insurance benefit included with many premium credit cards. Understanding credit card rental car insurance can give you peace of mind and save you money the next time you hit the road. Let’s dive into the best credit cards with rental car insurance coverage in Canad.... More »

Condo maintenance fees: How much is too much? Jun 29th

Condos are a popular choice for many first-time homebuyers owing to their lower price point and access to amenities such as gyms and pools. But as well as a mortgage, condo owners are responsible for monthly maintenance fees that support operating costs for the building, among other aspects, and it&.... More »

Before you buy, here’s how to compare home insurance + MORE May 16th

Home insurance is important, but no one loves paying for it—especially when household budgets are tight. That’s why Canadians open their browsers and search for things like “cheap home insurance” and “how to save on home insurance.” Any insurance professional will tell you there’s.... More »

RRIF and LIF withdrawal rates: Everything you need to know Jun 25th

At some point, a registered retirement savings plan (RRSP) is typically converted to a registered retirement income fund (RRIF). The latest you can defer the conversion of your RRSP to a RRIF is the end of the year you turn 71. This means that by December 31 of your 71st year, you need to either wit.... More »

What is pet insurance—and do you need it? + MORE Sep 25th

Did you know that 60% of Canadians have a pet, but only around 4% of these furry friends are covered by pet insurance? If you’ve put off purchasing pet insurance because you’re unsure what it is or whether you even need it, we’re here to help. As pet insurance becomes more common and availa.... More »

“A way to leapfrog”: AWS executive says regulated industries moving fastest on AI

– moneysense.ca

As a wave of companies rush to embed artificial intelligence into their operations, Matt Wood has noticed the technology’s fastest adopters are businesses more typically described as slow to change.

Matt Wood, Amazon Web Services global VP of AI products (The Canadian Press / HO-Amazon Web Services)

The speedy adopters span regulated industries like health care, life sciences, financial services, insurance and manufacturing—a shock even for someone as plugged into the world of AI as Wood, Amazon Web Services’ global vice-president of AI products.

“If you’d have told me a year and a half ago that 160-year-old life insurance companies were going to be in the vanguard of artificial intelligence usage, I probably would have been a bit surprised, but that’s turning out to be the case,” Wood said, referencing Sun Life Financial Inc. in an interview, fresh off a visit to Toronto for the Collision tech conference.

His observation turns age-old assumptions about innovation and who is open to embracing technology upside down…

Continue Reading On moneysense.ca »

Stay tuned for more Insurance wisdom brought to you by banks.ca!

Share