Canadian Underwriter

Topic
Insurance


insPRESS Insurance

iMobilebroker platform offers brokers an “all carrier” digital and customer self-service insurance experience

July 13, 2017 by Kirby Ryan

July 11, 2017 (Toronto, ON) – Aviva Canada and Sharp Mobile have entered into an agreement to provide Canadian brokers access to the iMobilebroker platform, which consists of the iMobilebroker app, web portal and the expanded Broker Admin Data Portal.

News InsuranceTechnology

“Industry-specific disruptive technologies” to contribute to increase in worldwide IT spending: Gartner

July 13, 2017 by Canadian Underwriter

Worldwide IT spending is projected to total US$3.5 trillion, a 2.4% increase from last year, driven in part by “industry-specific disruptive technologies,” Gartner Inc. reported on Thursday. “Digital business is having a profound effect on the way business is done

News Earnings / RatingsInsuranceMarkets / Coverages

Bank of Canada raises interest rate to 0.75% from 0.5%

July 13, 2017 by Canadian Underwriter

The Bank of Canada announced on Wednesday that it has raised its interest rate for the first time in seven years, to 0.75% from 0.5%. “Recent data have bolstered the Bank’s confidence in its outlook for above-potential growth and the

News CatastrophesClimate ChangeCommercial LinesInsurancePersonal LinesReinsurance

Property market loss estimate for Europe’s Cyclone Egon reaches 275 million euros: PERILS

July 13, 2017 by Canadian Underwriter

The latest property insurance market loss estimate for extratropical cyclone Egon, which hit parts of France and Germany in mid-January, has increased to 275 million euros, Zurich-based PERILS reported on Wednesday. Representing the third of four estimates to be issued

News CatastrophesCommercial LinesInsuranceMarkets / CoveragesPersonal Lines

Hannover Re, Guy Carpenter place $960 million worth of ILS transactions in three U.S. states

July 12, 2017 by Canadian Underwriter

Hannover Re announced Wednesday it has completed three insurance-linked securities transactions, through Marsh and McLennan Companies Inc.’s GC Securities unit, with a total value of $960 million. All figures are in United States dollars. Hannover Re said it transferred $750

insPRESS Insurance

ClaimsPro Deploys CAT Team in Response to British Columbia Wildfires

July 12, 2017 by SCM Insurance Services

ClaimsPro has mobilized resources across British Columbia to support its clients affected by the ongoing wildfires in the region. ClaimsPro has readied its CAT team, comprised of 122 adjusters from 26 branch offices in British Columbia, with an additional 90

News Commercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Proposed new pilot rest regulations published for public comment until Sept. 29

July 12, 2017 by Canadian Underwriter

Canada’s aviation regulator is proposing new regulations that would reduce the maximum number of hours that pilots would be allowed to be on flight duty and mandate a “holistic risk management approach” in some cases, to addressing the problem of

News InsuranceMergers and AcquisitionsTechnology

California firm Digital Map Products acquires DMTI Spatial

July 12, 2017 by Canadian Underwriter

Irvine, Calif.-headquartered Digital Map Products, Inc. (DMP), a geospatial mapping technology and intelligence firm, announced on Wednesday that it has acquired DMTI Spatial from Neopost Canada. The “acquisition of Canada’s market leader in location-based information and data quality expands DMP’s

insPRESS Insurance

La Garantie soutient les communautés touchées par les feux de forêt en Colombie-Britannique en remettant 10 000 $ à la Croix-Rouge canadien

July 12, 2017 by Linda Domenichini

Toronto (Ontario), le 12 juillet 2017 – Devant l’ampleur, et le nombre, de feux de forêt qui font rage en Colombie-Britannique, La Garantie, Compagnie d’Assurance de l’Amérique du Nord (La Garantie) a immédiatement mis en place une équipe d’urgence afin de s’assurer que

News InsuranceLegalPersonal LinesProductsTechnology

Vancouver mobile app development company launches pilot program to protect Canadians from distracted driving

July 12, 2017 by Canadian Underwriter

eBrake Technologies Inc., a mobile app development company founded in Vancouver in June 2016, announced on Wednesday a pilot program that will offer a smartphone app designed to prevent distracted driving. The pilot program will offer smartphone app eBrake to

News InsuranceLegalPersonal Lines

Takata adds new type of inflator to huge air bag recall

July 12, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Takata is adding a new type of air bag inflator to the nation’s largest automotive recall. The company filed documents with the U.S. government adding 2.7 million vehicles to the recall from Ford, Nissan and Mazda, all with

News InsuranceMarkets / Coverages

TSB reiterates call for federal regulator to audit safety management systems of Canada’s railways ‘in sufficient depth and frequency’

July 11, 2017 by Canadian Underwriter

Despite efforts by Transport Canada to audit safety management systems of federally-regulated railways, the risk associated with weak railway safety management systems is sufficient to warrant continued involvement from the Transportation Safety Board of Canada, the board suggested Tuesday. In