Topic
Markets / Coverages
Insurers applaud provincial decision to remove retail sales tax on insurance premiums
March 27, 2018 by Jason ContantNewfoundland and Labrador’s decision to remove 5% of the retail sales tax paid on auto insurance premiums over the next four years will help return stability to the market, the Insurance Bureau of Canada (IBC) said Tuesday. Tom O’Handley, manager…
Some broker BMS providers offering connectivity to CSIO’s eSlips solution
March 27, 2018 by Jason ContantIn a sign of cooperation within Canada’s competitive P&C industry, some broker management system (BMS) providers are using APIs supplied by the Centre for Study of Insurance Operations (CSIO) to make eDelivery available to Canadian brokers using a variety of…
Bank of Canada calls for global alignment on cryptocurrency policy
March 27, 2018 The Canadian PressTORONTO – The Bank of Canada’s senior deputy governor is calling for authorities to work toward a coherent set of globally aligned policies governing cryptocurrencies. Carolyn Wilkins told a University of Toronto conference on Thursday that such a strategy will…
Applied Systems partners with CSIO on electronic policy documents solution
March 26, 2018 by Jason ContantBroker management system (BMS) provider Applied Systems announced Monday that it has expanded its partnership with the Centre for Study of Insurance Operations (CSIO) to integrate CSIO’s My Proof of Insurance eDelivery solution with Applied Epic and Applied TAM in…
How landlords can help you sell tenant insurance
March 26, 2018 by Greg MeckbachSome landlords are refusing to rent residences to people who do not have tenant’s insurance and some are even trying to use lack of insurance as grounds to evict tenants. “A lot of landlords in this day and age are…
Why risk managers need to watch NAFTA
March 26, 2018 by Greg MeckbachWith Canadian companies facing the prospect of new tariffs for exports to the United States, the uncertainty over the North American Free Trade Agreement should be “front and centre” for risk managers, a KPMG expert told Canadian Underwriter Thursday. “You…
Stats suggest ongoing growth opportunity in cyber insurance
March 26, 2018 by Jason ContantOne-third of Canadian businesses have unwittingly leaked sensitive information to cybercriminals, highlighting the opportunity for education from the property and casualty (P&C) insurance community. According to the 2018 Canadian Internet Security Survey, released on March 22 by the Canadian Internet…
Now with AI, you can create value for your property inspections
March 26, 2018 by David GambrillArtificial intelligence can now surgically identify Canadian homes and businesses in an insurer’s book that are most in need of inspection, thereby eliminating unnecessary home inspection orders. “Sometimes the industry will pay to have an inspection done based on criteria…
Are you leveraging IoT data?
March 23, 2018 by Jason ContantInsurers may recognize the importance of collecting and mining data, but a recent U.S. study shows few currently have an IoT strategy, are collecting IoT data, or have dedicated resources. LexisNexis Risk Solutions released a white paper Tuesday entitled, Are…
Why total bans on workplace pot won’t be easy under Cannabis Act
March 23, 2018 by David GambrillEmployers may be hard-pressed to ban marijuana outright from the workplace once The Cannabis Act is implemented in Canada, a lawyer told delegates attending the Ontario Mutual Insurance Association (OMIA) Thursday. “Both bills [related to The Cannabis Act, Bills C-45…
How to build a best-in-class cyber risk plan
March 23, 2018 by David GambrillYour commercial client is looking to put together a best-in-class risk management plan for dealing with a cyber event. What’s the first thing they need to do? “An ideal plan starts with developing a team,” says Ruby Rai, manager of…
Desjardins offers free flood coverage to eligible clients in low-risk areas
March 23, 2018 by Jason ContantOne Canadian insurer is not waiting for consumer take-up of its flood insurance coverage — it is automatically tacking the endorsement onto the policies of eligible clients who live in low-risk areas. Desjardins General Insurance Group (DGIG) told Canadian Underwriter…