A history of digital transformation within insurance

HSB Canada has evolved as a business and kept pace with societal changes and shifts in consumer demand during its near-150-year history

Founded in 1875, HSB Canada started life at a time when pressure boilers were the primary engine powering equipment and machinery in industry across Canada. The technology was relatively new and explosions were quite common, until companies like HSB Canada started deploying engineers to routinely inspect this prone equipment. At the time, this was an extremely novel approach, but the insurance industry has come a long way since 1875 – and HSB Canada with it.

Today, the Toronto-headquartered business provides inspection, risk management and IoT technology services, as well as insuring a number of specialty lines, including equipment breakdown cover – a nod to the company’s heritage, which is still reflected in its logo – as well as cyber insurance cover, a huge area of need in an increasingly volatile world. 

Since 2009, HSB Canada has been a part of the Munich Re group, giving it access to a wider pool of expertise – and the company acknowledges that talent is one of the things that sets it apart.

Read the full story HERE.

Our Partners
PHAA SOFTWARE SOLUTIONS LIMITED
View profile
Share

Featured Videos

View all
Featured

SAVE THE DATE: FinTech LIVE Dubai 2024 (Virtual)

Everything you need to know about FinTech LIVE Dubai (Virtual), the second virtual event of the year for FinTech Magazine

Digital Payments

Money20/20 USA: Payoneer – Helping SMEs in Emerging Markets

Financial Services (FinServ)

Money20/20 USA: Standard Chartered talks digital ecosystems

Digital Payments

Money20/20 USA: Serena Smith from i2c on customer-centricity