Canadian Underwriter

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News BrokersInsurance

Brokers enduring short-term pain for post-pandemic gain

April 28, 2020 by Adam Malik

Insurance brokers are facing short-term increased workloads for little — and even negative — reward during the COVID-19 pandemic. But these efforts are laying the groundwork for future prosperity, whether that be in terms of money, trust and recruitment, P&C

News Insurance

How will COVID-19 change cybersecurity?

April 27, 2020 by David Gambrill

The business email from your chief financial officer seems innocent enough: “Hey Larry, the client changed their bank account information. Can you send them money to their new bank account number?” Under ordinary circumstances — that is, before the novel

News AdjustersClaims CanadaInsuranceLegal

Supreme Court of Canada to hear coverage dispute over fatal motorcycle accident

April 27, 2020 by Greg Meckbach

The Supreme Court of Canada announced it will hear an auto liability coverage dispute involving RSA Canada, insurer of a motorcyclist who had alcohol in his system while holding a probationary licence. The motorcyclist, Steven Devecseri, was killed May 29,

insPRESS Insurance

Storm Insurance Group launches Give Back campaign

April 27, 2020 Storm Insurance Group

DARTMOUTH, N.S., APRIL 27, 2020/insPRESS/ – Storm Insurance Group announces the launch of its Give Back fundraising campaign to help support local Canadian food banks amidst the COVID-19 pandemic. Our local food banks are experiencing a significant increase in need

News InsuranceMarkets / Coverages

The opportunity insurers are missing as COVID-19 cancels events

April 24, 2020 by Jason Contant

As large sporting and entertainment events get cancelled across Canada and the world as a result of COVID-19, the insurance implications affect not only event organizers themselves, but also promotional partners, licensees and businesses involved in merchandising. While event organizers

News ClaimsClaims CanadaInsuranceLegal

The liability of long-term care facilities: COVID-19’s projected impact

April 24, 2020 by Greg Meckbach

The COVID-19 pandemic could cause large losses for liability insurers covering nursing homes and long-term care facilities, and therefore further tightening of rates, a Canadian managing general agent predicts. “There are a lot of exposures in the business,” Stephen Stewart,

News InsuranceTechnology

Are brokers affected by an urban-rural connectivity gap?

April 24, 2020 by Greg Meckbach

Rural clients should be able to access the Internet at high enough speeds for brokers to offer them digital services, says one Alberta broker. “I would say there is no issue,” said Rob Barros, chief technology officer and chief communications

News Insurance

Opinion: Will COVID-19 kill the traditional brokerage model?

April 24, 2020 Craig Rowe, CEO and Founder, ClearRisk Inc.

The insurance industry has a lot of work to do to rebuild consumer confidence. The insurance product is a necessity, so insurers will survive this, but will brokers? Consumer confidence in commercial insurance has never been lower: Companies are suffering

insPRESS InsuranceTechnology

APOLLO Exchange and Trufla Technology partner to combine eCommerce insurance products with digital marketing offering for brokers

April 24, 2020 by David Dyck

TORONTO, ON, April 24, 2020/insPRESS/ — Apollo Insurance Solutions Ltd., (“APOLLO Exchange”) Canada’s largest online insurance marketplace, and Trufla Technology Ltd. (“Trufla”), have partnered to offer brokers a suite of digital marketing services combined with immediate eCommerce insurance fulfillment.  APOLLO

insPRESS Insurance

Unica Insurance announces 15% COVID-19 Premium Relief Refund for Personal Automobile

April 24, 2020 Unica Insurance

MISSISSAUGA, ON, April 24, 2020/insPRESS/ Unica Insurance (Unica) is pleased to announce a one-time COVID-19 Premium Relief Refund for all Private Passenger Automobile policies as it continues to expand its package of COVID-19 relief options. The refund will be equivalent

News BrokersInsurance

Will the pandemic spawn an industry-wide digital roadmap?

April 23, 2020 by Adam Malik

Backing brokers into a corner and forcing them to use just one kind of technology is bad strategy, Joseph Carnevale, president of the Insurance Brokers Association of Ontario (IBAO), warned Wednesday during Canadian Underwriter’s webinar Business Continuity In The Digital

News Insurance

No layoffs in Canada for this Top 5 liability insurer

April 23, 2020 by Greg Meckbach

Despite the massive disruptions from COVID-19, commercial insurer Chubb Limited is promising no layoffs in Canada. “Concerning our no-layoff pledge, we want our 33,000 employees around the globe to be assured that their jobs are secure at this difficult time,”