We are pleased to have participated in the Guidewire Software Canadian Executive Forum, held at the Four Seasons Hotel Toronto. MyChoice was represented by CEO and Co-Founder Aren Mirzaian, who was named as one of three Canadian InsurTech Vanguards.
MyChoice was voted winner of InsurPitch based on the aggregate of Canadian insurance executives in attendance.
The forum brought together leaders from across the Canadian insurance industry to discuss the next era of Intelligent Insurance: a future shaped by modern core systems, data, analytics, generative AI, organizational agility, and the infrastructure required to move from experimentation to real business impact.
MyChoice has been focusing heavily on many of the themes that were presented throughout the day’s agenda.
Guidewire's Executive keynote explored how AI and modern platforms help insurers to accelerate development, improve outcomes with adaptive pricing, and supercharge automation in underwriting and claims. Other conference sessions explored how to unlock the value of disparate knowledge, generative AI and the human-centered approach to building next-generation injury and claims solutions, transforming commercial lines for business and IT agility, and shortening the path from pricing insight to business impact.
Ultimately, the future of insurance won’t be shaped by AI alone – it’ll be shaped by AI’s ability to work alongside data, business processes and human expertise in ways that make sense in the context of how insurance is actually done. At MyChoice we’re building the “plumbing” that makes this happen.
Consumers are increasingly expecting to use a conversational approach with natural language to discover insurance, ask questions, compare options and initiate the insurance journey. Our recent launch of Canada’s first insurance shopping app on ChatGPT is a glimpse into this AI-powered experience. But solving the experience at the front-end is just one piece of the puzzle.
Modern insurance experiences require a rock-solid quote-to-bind foundation. From explainable underwriting decisions, to reliable proofing capabilities and clean submissions processes, these capabilities require accurate data at every step of the process and empower carriers to make informed, real-time decisions. Our pitch at InsurPitch was all about quote-to-bind.
These include PDF comparisons, manual processes, and underwriting rework. We discussed our vision around trust in submission and the power of evidence intelligence. Our solution allows carriers to validate broker-submitted risk in the beginning of the process, which reduces premium leakage and improves submission quality. With this technology carriers will have the ability to bind with more confidence using real-time validation in the submission process.
Ultimately, this infrastructure lends itself to quicker, cleaner, more intuitive insurance experiences for consumers.
This will reduce friction for brokers and help them to submit better-quality business.
For carriers, it improves trust, control, and underwriting consistency before a policy is bound. This is where we believe the industry is heading. AI will change how consumers discover and engage with insurance, but the companies that win will be the ones that can connect those new experiences to deep backend infrastructure: rating, quoting, binding, evidence validation, underwriting rules, carrier workflows, and policy issuance.
Winning the InsurPitch in a room of Canadian insurance executives was meaningful validation that this problem matters and that the market is ready for practical infrastructure that can support the next generation of insurance.
Kudos to Laura Drabik and the entire Guidewire team for the forum. Check out Drabik Digest for insights into where the industry is headed. Laura is a prominent voice in the industry who discusses property and casualty insurance, insurtech, technological ecosystems, carrier transformation, AI, etc. We highly recommend this forum for insurers, tech leaders, innovators and followers.
Congratulations to Tempo and EcoClaim for being featured as Canadian InsurTech Vanguards and appearing on stage.
We’re grateful for all of our current discussions and look forward to continuing to build infrastructure to make insurance experiences faster, smarter, and more trusted.