Keyword
incentives
Financial incentives for selling insurance: The regulators’ take
March 11, 2022 by David GambrillCanada’s legal community is reminding the Canadian property and casualty industry about proposed new regulatory guidance for financial incentives to buy insurance. Among the proposed expectations of Canadian insurance regulators, it will be assumed that once insurers offer brokers financial…
Smartphones are problems, but here’s how they can help reduce driving risk
January 22, 2021 by Adam MalikThis could be the year telematics driving data actually provides meaningful information — and change — to insurers and drivers alike, allowing risk to be underwritten more accurately, experts predict. To pull that off, smartphones will be a critical tool…
ICBC to remodel system to reward low-risk drivers
March 6, 2018 Dirk Meissner - THE CANADIAN PRESSVICTORIA – Major shifts in direction are being considered to ensure good drivers in British Columbia receive lower insurance rates, says the minister responsible for the province’s public auto insurer. David Eby said the government introduced an online survey Monday…
Portions of Saskatchewan Government Insurance could be sold
May 4, 2017 The Canadian PressREGINA – The Saskatchewan government has confirmed 11 private companies have expressed interest in buying a portion of Saskatchewan Government Insurance. But Premier Brad Wall says meetings recently attended in Toronto by SGI Minister Joe Hargrave were not related to…
‘Fresh approach’ needed for Ontario auto insurance: IBC CEO
April 25, 2017 Greg Meckbach, Associate EditorA report released two weeks ago is “probably the best description we have to date of what is wrong” with Ontario’s auto insurance system, the chief executive officer of Insurance Bureau of Canada said Tuesday. In opening remarks at IBC’s…
More action needed to better prepare for earthquake in Canada: Scotti
April 6, 2017 by Angela StelmakowichCanada would be well-advised to take a cue from other nations and do more to establish partnerships and requirements that better protect property owners in the event of an earthquake, says Veronica Scotti, president and CEO of Swiss Re Canada.…
Openness to making homes, businesses resilient to severe weather encouraging: OMIA’s John Taylor
March 31, 2017 by Angela StelmakowichThere are encouraging signs from government, municipalities and builders that resiliency needs to become part of building code conversations given that severe weather shows no signs of abating, suggested John Taylor, president and CEO of the Ontario Mutual Insurance Association…
Risk management overhaul necessary for cities to become more resilient to catastrophic events: report
March 27, 2017 by Canadian UnderwriterOfficials for cities, investors and insurers will increasingly need to “build resilience within and between infrastructure systems as a complementary approach to address infrastructure risk and uncertainty,” argues a new report from Lloyd’s and Arup. “While risk management remains a…
Disruption becoming more of a motivator for cyber attacks: ICRMC panel
March 2, 2017 by Angela StelmakowichThe motivation and rationale behind certain cyber attacks seems to be undergoing a transition, with some actors looking to inflict the most disruption possible on a target entity simply for the “fun” of it, it was suggested Thursday during the…
B.C. government launches incentives for zero-emission vehicles
February 6, 2017 by Canadian UnderwriterBritish Columbia’s Minister of Energy and Mines has announced an investment of $40 million to encourage British Columbians to “make the switch to zero-emission vehicles, reduce greenhouse gas emissions and support investment in made-in-B.C. green technology.” Bill Bennett announced the…