Topic
Products
Aviva may launch cyber product in Canada in 2017: NICC speaker
October 4, 2017 Jason Contant, Online EditorAviva may launch a cyber product in Canada later this year, the insurer’s CEO of International Insurance said during the National Insurance Conference of Canada (NICC) on Monday. Calling cyber “one of the big future insurance pools,” Maurice Tulloch noted…
Turo launches car-sharing marketplace in B.C., partners with car rental entrepreneurs
October 3, 2017 by Canadian UnderwriterTuro, which connects local car owners with travellers looking for adventure and in need of a vehicle, has expanded its car-sharing marketplace into British Columbia. To address provincial insurance regulations, the company has structured the expansion by partnering with local,…
belairdirect launches app to reward good drivers in Alberta and B.C.
September 27, 2017 by Canadian Underwriterbelairdirect announced on Tuesday that it is launching a new app to help reward good drivers in Alberta and British Columbia. The automerit app assesses customers’ driving skills, helping them save on their insurance premiums through a discount, while providing…
Living Legacy
September 22, 2017 Greg Meckbach, Associate EditorReplacing legacy information technology can be a daunting and expensive task, often representing a multi-year, multi-million-dollar project for an insurer. Opting to maintain, tweak or overhaul a legacy system all pose challenges, something carriers wanting to satisfy brokers and customers need to know
CFC Underwriting launches event insurance for Canadian market
September 22, 2017 by Canadian UnderwriterCFC Underwriting announced on Friday that it has expanded its contingency insurance offering with the launch of a new event insurance package policy in Canada. The new solution enables Canadian brokers to “deliver to their clients comprehensive event cancellation as…
The Crawford 360° Claims Evolution – The Future of Claims Management
September 21, 2017 Crawford & Company (Canada) Inc.TORONTO (Sept 21 , 2017) – insPRESS – The insurance industry is evolving – incorporating and adopting new technology, responding to emerging risks, and relying on data analytics to address and respond to business and market needs. Crawford & Company (Canada)…
Risk of Recall
September 15, 2017 Cameron Brady, Assistant Vice President, Product Recall Underwriting, ChubbProduct recalls can have a significant impact on a business, regardless of its industry, size or location. Brokers need to keep abreast of associated risks to inform clients about what insurance coverage should be in place and to help them develop a product recall plan that best suits their needs and exposures.
Allied World revises Executive ForceField product for Canadian market
September 12, 2017 by Canadian UnderwriterAllied World Assurance Company Holdings, GmbH (AWAC) has enhanced its Executive ForceField Side A, Lead Difference in Conditions (DIC) product with “Canadian-specific enhancements,” the company has reported. The revised policy, available to companies throughout Canada, was announced in a press…
Shipments of “connected wearables” up 75.1 million devices to 96.5 million last year: Berg Insight
September 7, 2017 by Canadian UnderwriterShipments of connected wearables will reach 262.5 million in 2021, with Bluetooth remaining the primary connectivity option in the coming years, Internet of Things (IoT) analyst firm Berg Insight said in a statement on Thursday. The Gothenburg, Sweden-based machine-to-machine/IoT market…
Magna unveils autonomous driving platform it says “can be integrated into any vehicle”
August 31, 2017 by Canadian UnderwriterMagna International Inc. unveiled on Wednesday an autonomous vehicle platform it says “can be integrated into any vehicle without compromise to vehicle design and styling.” MAX4 is a fully integrated, customizable and scalable autonomous driving sensing and compute platform that can enable up to Level 4 autonomous driving capabilities in both urban and highway environments, Magna said in a press release on Wednesday.
The SAE (Society of Automotive Engineers) International defines Level 4 as “high automation,” where the automated driving system performs all…
Chubb broadens cyber enterprise risk management solutions for Canadian and American clients
August 30, 2017 by Canadian UnderwriterChubb announced on Wednesday that it has broadened its enterprise risk management solutions for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management and DigiTech Enterprise Risk Management, combine cyber insurance…
Saskatchewan Party leadership candidate proposes rolling back PST on insurance products
August 30, 2017 by Canadian UnderwriterJeremy Harrison, a candidate for the leadership of the Saskatchewan Party and MLA for Meadow Lake, said on Tuesday that he would roll back the charging of provincial sales tax (PST) to insurance products as announced recently as part of…