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AIR Worldwide releases probabilistic crop hail model for Canada

June 26, 2017 by Canadian Underwriter

AIR Worldwide has released what the catastrophe risk modelling firm calls the industry’s first crop hail model to provide stakeholders across the crop insurance value chain with a probabilistic view of the effects of hail on Canadian crops. Currently available

News InsuranceMarkets / CoveragesProductsTechnology

The Bitfury Group and Risk Cooperative partner to pioneer blockchain applications in insurance intermediation market

June 19, 2017 by Canadian Underwriter

Blockchain technology company The Bitfury Group and risk and insurance advisory firm Risk Cooperative have announced a strategic partnership to pioneer blockchain applications in the US$60 billion insurance intermediation market. Announced on Friday, the partnership will leverage Bitfury’s expertise in

News Commercial LinesInsuranceLegislation / RegulationProductsTechnology

ENCON Group announces standalone cyber policy for Canadian companies

June 16, 2017 by Canadian Underwriter

Canadian managing general agent (MGA) ENCON Group Inc. announced on Thursday the introduction of a standalone cyber insurance policy that provides coverage for network business interruption, ecommerce trading exposure, crime and intellectual property risks. Ottawa-based ENCON Group said in a

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Price continues to be hurdles to adoption of smart home devices: survey

June 12, 2017 by Canadian Underwriter

Price is among the top barriers to more people adopting smart home technology to help ease home management pain points in the United States, notes a survey of 1,000-plus adults south of the border released by U.K. smart home brand

News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesProductsTechnology

Gore Mutual launches cyber and data breach product for Canadian small businesses

June 9, 2017 by Canadian Underwriter

Gore Mutual Insurance Company has announced a cyber and data response product for Canadian small businesses as well as a partnership with a global home automation company to provide flood sensors to select commercial and personal customers. Gore Mutual announced

News CatastrophesInsuranceMarkets / CoveragesProducts

RMS updates North America quake models for U.S., Canada and Mexico

June 9, 2017 by Canadian Underwriter

RMS’s latest North America earthquake models – covering the United States, Canada, and Mexico – are designed to help company clients manage their risk accumulations with more confidence and help with underwriting a better book of business. Version 17.0 benefits

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BlackBerry system geared at helping automakers ensure safe and secure autonomous vehicles

June 8, 2017 by Canadian Underwriter

“There is no safety without security,” John Wall, senior vice president and head of BlackBerry QNX, said this week as part of the launch of a new real-time, type 1 hypervisor that can be used in next-generation connected and autonomous

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Generali Global Assistance launches identity protection platform in Canada

June 7, 2017 by Canadian Underwriter

Generali Global Assistance (GGA), part of the Generali Group, announced on Tuesday that its proprietary identity protection platform is now available for the Canadian marketplace. The offering provides an integrated approach to the four pillars of identity protection: prevention, monitoring,

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CSIO announces eSlips, “an industry solution for the digital delivery of proof of auto insurance cards”

June 7, 2017 by Canadian Underwriter

The Centre for Study of Insurance Operations (CSIO) has announced what it is calling “an industry solution for the digital delivery of proof of auto insurance cards, or eSlips.” CSIO announced the solution at Gore Mutual Insurance Company’s Fast Forward

News InsuranceLegalLegislation / RegulationProductsProfessional Development

Economical Insurance simplifies its business with changes to legal entities

June 6, 2017 by Canadian Underwriter

Economical Insurance announced on Tuesday that it is “migrating to a simpler legal entity structure while continuing to offer a wide range of products and excellent service to broker partners and customers” as it continues its journey to become a

News InsurancePersonal LinesProductsTechnology

New State Farm Canada app includes telematics and water detection programs, account access

June 5, 2017 by Canadian Underwriter

State Farm Canada announced on Monday that it has released a new app that includes telematics and water detection programs, as well as easy account access. The free State Farm Canada App, available on Apple’s App Store and Google Play,

News Commercial LinesInsuranceLegalLegislation / RegulationMarkets / CoveragesPersonal LinesProducts

Canadian insurance industry needs clear direction and proper framework to address marijuana legalization, industry event hears

June 2, 2017 Jason Contant, Online Editor

The insurance industry in Canada needs clear direction from governments and a proper framework to address the upcoming legalization of marijuana, attendees to an industry event heard on Thursday. “First and foremost, we do not as an industry, and cannot,