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WEBINAR | BUILDING | TECHNICAL 

Together we're watching property risk evolve rapidly for Canada's insurance market.  Inflation and recession present a dual economic threat, made worse by geopolitical turmoil.  Meanwhile, extreme climate events are accelerating in Canada and across the world.  These changes make it more urgent, yet harder, to maintain insurance-to-value across property portfolios - how are you managing the pressures and impact of inflation?  To help you navigate 2023, we're sharing expert insights from Opta, Canada's market leader in valuations.  Join this webinar to hear the latest trends in material costs and gain insights on the effects on reconstruction costs caused by economic turbulence.

Learning Outcomes:

• Learn about the latest trends in reconstruction costs across Canada
• Understand the regional/provincial impact on costs/material/labor caused by inflation, climate change and material shortages
• How has this changed year-over-year and where do we see it going?
• Gain insights on how to navigate and manage the impact and changes on your portfolio

Presenter:

Greg McCutcheon, President - Opta Information Intelligence

Greg McCutcheon is president of Opta Information Intelligence, Canada’s leading property intelligence and technology solutions provider. Verisk acquired Opta in 2022 to expand its footprint in the Canadian market and support Opta’s efforts to transform insights into innovation.

With more than 25 years of property/casualty insurance experience, Greg leads his team in delivering valuable business intelligence that powers digital transformations for insurers and financial services companies. Opta combines a strong focus on best-in-class customer experience with ArtificiaI Intelligence (AI) and machine learning to drive efficiency and enhance the accuracy of the underwriting process.

An advocate for maintaining accurate insurance-to-value (ITV), Greg was instrumental in introducing a revolutionary ITV solution to the Canadian market in 2009 with the launch of iClarify™, an industry-leading desktop validation tool that delivers instant access to geo-coded property intelligence, valuations and imagery.

In 2017, Insights Success named Greg one of their Top 30 Most Innovative Business Leaders. He holds a BA with honours in history and politics from Queens University and is a certified risk manager (CRM).

For more than 100 years, Opta has been an industry leader in valuations, property risk intelligence, and loss control services. The only Canadian company that regularly gathers and validates data through real-time dialogue and ongoing research, its solutions help insurers underwrite policies, manage risk, and market more efficiently. Together, Verisk and Opta combine their deep domain expertise, advanced technology, and unique data assets to build a stronger insurance ecosystem and accelerate the use of data and insights as a competitive advantage in the market

Format:

Registration:    12:45 p.m.
Presentation: 1:00 p.m. - 2:00 p.m. Atlantic time

Registration Deadline:  April 11, 2023

Fees: Insurance Institute membership required

Graduate           $55
IINS Member     $65
Non Member     $65+$80 New Member (includes membership exp May 31, 2023)

Corporate Rate: $50 per attendee for groups of 5 or more (membership is additional for non-members).  To register with a corporate rate, please contact iinsmail@insuranceinstitute.ca.

Cancellation Policy:   Participant substitutions accepted up to 24 hours prior to webinar (substitute must be current member). IINS reserves the right to cancel the webinar due to unforeseen circumstances.

Best Practices for Virtual Sessions :
Please be advised that your image and voice may be captured and recorded during this virtual session for review purposes. Your participation in this virtual session is considered consent to be recorded as required by law.It is highly recommended that you follow our suggested best practices when participating in any virtual session. We have taken every precaution to keep you and your information safe. Here is what we are doing to protect all of our stakeholders.  **Please note that the recording of our webinars are used for audit/attendance purposes only and will not be available for distribution**

PRICES BELOW ARE BEFORE TAX.
New members: IINS Membership Fee of $80 (expiring May 31, 2023) is applicable.  For assistance to renew or process a new membership, please contact iinsmail@insuranceinstitute.ca .