Canadian Underwriter

Keyword
telematics

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Canada’s fintech adoption rate doubles in last 18 months: EY report

July 25, 2017 by Angela Stelmakowich

Customer wants, needs and demands are guiding players in Canada’s fintech space toward developing simpler, more transparent and customer-centric financial services products, with insurance expected to see a big increase in uptake in future, suggests new research released Tuesday by

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“Nearly all” U.K. drivers paying record amounts for car insurance: Association of British Insurers

July 10, 2017 by Canadian Underwriter

Drivers in nearly all age groups in the United Kingdom are paying record amounts for their car insurance and could face further increases unless the government takes action to reduce claims costs, the Association of British Insurers (ABI) warned recently.

News InsuranceMarkets / CoveragesProductsTechnology

Mobile telematics data can offer rich insights into distracted driving and impact loss trends, Insurance Analytics Canada speaker suggests

June 28, 2017 Jason Contant, Online Editor

Mobile telematics data, while sometimes providing “noisy,” or meaningless information, can also offer rich insights on distracted driving that could impact loss trends, a speaker suggested on Wednesday at the third annual Insurance Analytics Canada Summit in Toronto. Ted Gramer,

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Customer-Centred

June 13, 2017 Greg Meckbach, Associate Editor

Doug Reevey, outgoing chair of the Automotive Industries Association of Canada and owner of a repair facility wants consumers to have a choice of where to send their telematics data.

News Commercial LinesInsuranceLegislation / RegulationMarkets / CoveragesTechnology

Shipping losses continue to decline but “perfect storm” of regulation, cost savings and cybersecurity looms: AGCS

June 13, 2017 by Canadian Underwriter

Large shipping losses have declined by 50% over the past decade, but a “perfect storm” of regulation, cost savings and cybersecurity looms, according to Allianz Global Corporate & Specialty’s (AGCS) fifth annual Safety and Shipping Review 2017. The report, released

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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 InsuranceMarkets / CoveragesPersonal LinesTechnology

Willis Towers Watson and Roost to establish home telematics consortium of 5-10 U.S. carriers

May 31, 2017 by Canadian Underwriter

Willis Towers Watson (WTW) announced on Wednesday that it has entered into an agreement with Roost, an innovator in smart home technology, to establish a “home telematics consortium” of five to 10 insurance carriers. WTW, the global advisory, broking and

News InsuranceMarkets / CoveragesPersonal LinesTechnology

Global market for usage-based insurance grew by 32% in 2016 to 14 million policies: PTOLEMUS

May 18, 2017 by Canadian Underwriter

The global market for usage-based insurance (UBI) insurance grew by 32% in 2016 to 14 million policies, according to PTOLEMUS Consulting Group’s UBI Quarterly Dashboard, released on Thursday. The dashboard is a 100-page quarterly quantitative and business intelligence report surveying

News InsurancePersonal Lines

Canadian auto insurance customer satisfaction climbs despite premium increases: J.D. Power study

May 15, 2017 by Canadian Underwriter

Customer satisfaction with auto insurance in Canada has increased for the second consecutive year despite nationwide premium increases, according to the newly released J.D. Power 2017 Canadian Auto Insurance Satisfaction Study. The study, released on Monday, found that across all

News InsuranceMarkets / CoveragesTechnology

Risk professionals should move to fill the understanding gap around disruptive technologies

April 24, 2017 Angela Stelmakowich

PHILADELPHIA – Risk managers will need to take the lead in organizational efforts to address complex challenges and opportunities in an environment that increasingly features rapidly advancing disruptive technology risks, suggests a joint report from broker and risk advisor Marsh

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Optimum General obtains CSIO certification for commercial lines eDocs

April 20, 2017 by Canadian Underwriter

The Centre for Study of Insurance Operations (CSIO) has announced that Optimum General Inc. has obtained CSIO certification for commercial lines eDocs. Optimum is now CSIO eDocs-certified for both of its lines of business, as the company obtained certification for

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Analytics single greatest disruptor to Canadian insurance industry: survey

April 4, 2017 by Canadian Underwriter

Analytics is the single greatest disruptor to the Canadian insurance industry today, according to 65% of executives polled for a recent survey by Insurance Nexus, a division of FC Business Intelligence. Insurance Nexus reported on Tuesday that it recently surveyed