Canada’s P&C insurance industry is looking at everything from career fast-track programs to scholarships and student involvement programs to handle talent recruitment challenges. Recruitment has long been an industry challenge. In late January, the Insurance Institute of Canada, the industry’s…
An acute shortage of semiconductors is a big contributor to rising auto claims costs for auto insurers. “That’s had a significant impact in certain types of cars,” says Paul Gilbody, president of ClaimsPro Canada. “A huge amount of electronics now…
Generative AI (GenAI) won’t replace underwriters, but you can train it to be your underwriting assistant, one AI expert shared at an industry event Tuesday. “In North America, there are quite a few insurers that are going through proof of…
TORONTO, ON, FEBRUARY 28, 2024/insPRESS/ – CSIO is pleased to announce its 2024 Members’ Meeting and Reception will feature a keynote address by Andrew Kirsch, Founder and CEO of Kirsch Group. The annual meeting takes place on April 18 at…
OTTAWA – The head of the RCMP said Tuesday there was no evidence to date that personal or operational information had been pilfered from the national police force’s systems during a recent cyberattack. “Based on information that we’ve gone through,…
HALIFAX – Nova Scotia’s new plan to protect the province’s 13,000 kilometres of coastline is an abdication of the government’s responsibility, the opposition and environmental activists said Monday. The strong criticism came swiftly after Environment Minister Tim Halman announced the…
Robotic process automation (RPA) used to automate brokers’ repetitive tasks has become a much more mainstream technology over the past year or two, the co-founder of software robot tech company Quandri told Canadian Underwriter in an interview. “A couple of…
Much has been made of the new electronic safety tech in cars, but it doesn’t seem to be making a dent in auto insurers’ claims costs, according to a new report by Rates.ca. “You might expect that with more safety…
To the surprise of no one in the broker channel, the ongoing hard market in cyber still plays a significant role in why clients decline to buy coverage. About 40% of brokers responding to a recent CU survey selected ‘Price…
TORONTO, ON, FEBRUARY 27, 2024/insPRESS/ – On Tues April 9, 2024, 30 Forensic Engineering will once again host one of the most anticipated insurance industry events of the year – The Big Mingle. Celebrating its 16th anniversary, the iconic and original ‘Big…
VANCOUVER, BC, FEBRUARY 27, 2024/insPRESS/ – Pario Engineering & Environmental Sciences LP (Pario), Canada’s national provider of forensic engineering and environmental sciences services, is pleased to announce the appointment of Timothy Lee as Senior Fire Investigator. Mr. Lee’s appointment represents…
Co-operators General Insurance Company reported an annual underwriting loss of $184 million in 2023. This figure, which excludes discounting and risk adjustment, accounts for “a decline of $356.2 million from the underwriting gain of $171.3 million in the same period of 2022.” Discounted estimates…