Canadian Underwriter

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Insurance


News BrokersInsuranceTechnology

Why digital transformation gives brokers the edge over directs

May 14, 2019 by David Gambrill

It’s a common misperception that large direct insurance companies have lots of money to invest in the best, most innovative technology, creating a divide between them and smaller, “have not” brokerages. But digital transformation is actually levelling the playing field

News InsuranceRiskTechnology

New spyware infects phones through missed calls

May 14, 2019 Frank Bajak And Raphael Satter - THE ASSOCIATED PRESS

Spyware crafted by an “advanced cyber actor” infected multiple targeted mobile phones through the popular WhatsApp communications program without any user intervention through in-app voice calls, the company said. The Financial Times identified the actor as Israel’s NSO Group, and

insPRESS Insurance

Canadian Council of Insurance Regulators Shares Fintech Advisory Hub Strategic Vision to CSIO Board

May 14, 2019 by CSIO (Centre for Study of Insurance Operations)

TORONTO,  ON, May 14, 2019/insPRESS/ – The CSIO Board of Directors was pleased to recently host Canadian Council of Insurance Regulators (CCIR) representatives, who shared the strategic vision of the new CCIR Fintech Advisory Hub. Expected to launch in Fall 2019,

News InsuranceLegislation / Regulation

How ride-sharing insurance on leased vehicles will change in this province

May 13, 2019 by Greg Meckbach

Limiting financial risk to firms that lease out vehicles used for ride sharing is one aim of legislation before Ontario law makers. Right now, the Insurance Act has limits on lessors’ vicarious liability but it “does not account for the

News EmploymentInsurance

How far can employee confidentiality agreements go?

May 13, 2019 by Jason Contant

If you leave your brokerage with some confidential information stored to memory as opposed to a physical document, can you use that information? A recent ruling from the Ontario Superior Court of Justice found that even committing to memory confidential

News Insurance

What’s affecting B.C. wildfire risk this year

May 13, 2019 THE CANADIAN PRESS

KAMLOOPS, B.C. – The BC Wildfire Service has come through its busiest period of the young 2019 wildfire season, responding to several blazes, including one that prompted an evacuation order west of Prince George. Weather has been unseasonably warm in

News Insurance

Where are the bottlenecks?

May 13, 2019 by David Gambrill

Total Loss Series, Part 2: Bottlenecks Imagine Canada’s auto insurance industry saving millions of dollars each year in total loss costs and passing that along to Canadian drivers in the form of premium decreases. And all by simply reducing total

insPRESS Insurance

Winter storms, communications failure top list of business interruptions over past 5 years

May 13, 2019 FirstOnSite Restoration

MISSISSAUGA, ON, May 13, 2019/insPRESS/ – With Business Continuity Awareness Week underway, a survey of Canadian mid-sized businesses took the pulse of managers, owners and executives to find out what types of disasters they had encountered, and what their level of

insPRESS Insurance

Xpera Launches New Forensic Video Technology

May 13, 2019 by SCM Insurance Services

Edmonton, AB, May 13, 2019/insPRESS/ – Xpera Risk Mitigation and Investigation, Canada’s largest national provider of investigations and risk solutions, today announced a powerful new digital evidence tool with capabilities not offered anywhere in the Canadian private risk management market.

News InsuranceMergers and Aqcuisitions

Desjardins exec explores intricacies of State Farm acquisition

May 10, 2019 by Adam Malik

A merger between two direct carriers may seem simple enough, but stumbling blocks can quickly appear once you peel back the layers. It’s a lesson Desjardins learned during its acquisition of State Farm. Things you don’t think about come to

News Earnings / RatingsInsurance

How Fairfax’s Allied World acquisition is working out

May 10, 2019 by Greg Meckbach

Old medical malpractice claims with Allied World Assurance Company are still affecting the bottom line of Canada’s Fairfax Financial Holdings Ltd., which bought the majority of Allied World nearly two years ago. With a combined ratio of 102.3%, Zug, Switzerland-based

News BrokersInsuranceTechnology

Are you prepared for insurance quotes through Google Home and Amazon Echo?

May 10, 2019 by David Gambrill

“Google Home, Amazon Echo, buy me auto insurance for my new, black 2019 Hyundai Sontata.” If you are a broker, would you be able to handle this voice request for an auto insurance quote? If not, you’d better start strategizing