The 2024 IBAO Awards of Excellence have announced their finalists, and for the first time ever, a Canadian insurtech company has made the list. This is a significant milestone for the Canadian insurance industry, as it showcases the growing impact of technology in the sector.
The finalist, which has chosen to remain anonymous until the awards ceremony, has been recognized for its innovative use of technology to improve the insurance experience for both customers and industry professionals. This achievement highlights the importance of embracing technology in the insurance industry and the potential for further advancements in the future.
The IBAO Awards of Excellence, presented by the Insurance Brokers Association of Ontario, recognize outstanding achievements and contributions in the insurance industry. The insurtech category was introduced in 2020 to acknowledge the growing role of technology in the sector.
The finalists were selected by a panel of industry experts based on their impact, innovation, and potential for future growth. The winner will be announced at the IBAO Awards of Excellence Gala on October 23, 2024, in Toronto.
This recognition of a Canadian insurtech company as a finalist is a testament to the country’s thriving insurance industry and its ability to adapt to the changing landscape of technology. It also serves as a reminder for insurance professionals to continue embracing and utilizing technology to enhance their services and stay competitive in the market.
The IBAO Awards of Excellence not only celebrate the achievements of the finalists but also serve as a platform to inspire and encourage further innovation and excellence in the insurance industry. Congratulations to all the finalists, and we look forward to seeing the impact of their work in the years to come.