Canadian Underwriter

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Willis Towers Watson launches new cyber product for global airlines

April 11, 2017 by Canadian Underwriter

Global advisory, broking and solutions company Willis Towers Watson (WTW) announced on Tuesday that it has introduced a new “flexible insurance solution” specifically tailored to cover cyber exposure affecting the global airline industry. CyFly forms part of WTW’s integrated approach

News InsuranceMergers and AqcuisitionsTechnology

Saskatchewan Mutual Insurance Company goes live with eDocs, obtaining CSIO certification for personal and commercial lines

April 10, 2017 by Canadian Underwriter

Hubio, a provider of technology solutions for P&C insurers, announced on Monday that Saskatchewan Mutual Insurance Company (SMI) has obtained certification from the Centre for Study of Insurance Operations (CSIO) for both personal and commercial lines eDocs. SMI is now

News InsuranceMarkets / CoveragesTechnology

Manitoba Public Insurance uses virtual reality to tackle distracted, impaired driving and speeding

April 10, 2017 by Canadian Underwriter

Manitoba Public Insurance (MPI) has announced that it is launching a new “virtual reality (VR) experience” to tackle three critical road safety issues facing young drivers in Manitoba: distracted driving, impaired driving and speeding. Ron Schuler, Manitoba’s Minister of Crown

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

Sonnet ‘first step in a multi-step journey’: Economical’s SVP and chief marketing officer

April 10, 2017 Jason Contant, Online Editor

Fully online insurance company Sonnet is the “first step in a multi-step journey” and the learnings from that process will be applied back to other parts of Economical Insurance’s business, Economical senior vice president and chief marketing officer Michael Shostak

News InsuranceLegislation / RegulationProfessional DevelopmentTechnology

Sharing economy not fully served by insurance industry, but opportunity is there: Kovacs

April 9, 2017 Jason Contant, Online Editor

The sharing economy is not fully served by the insurance industry right now, but the opportunity is there, Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction, said on Thursday at the CIP Society Symposium 2017.

News InsuranceLegalTechnology

Hyundai, Kia recall 1.4M vehicles; engines can fail

April 7, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Hyundai and Kia are recalling 1.4 million cars and SUVs in the U.S., Canada and South Korea because the engines can fail and stall, increasing the risk of a crash. The recall covers some of the Korean automakers’

News CatastrophesInsuranceMergers and AqcuisitionsTechnology

ICLR to host webinar on lot-level approaches to control urban flood risk and mitigate basement flooding

April 7, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a webinar in two weeks on lot-level approaches to control urban flood risk and mitigate basement flooding. The webinar on April 21 at 10 a.m. Eastern time is part of

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Satisfying unmet customer needs key to helping prevent disruption: CIP Symposium speaker

April 7, 2017 Jason Contant, Online Editor

If the insurance industry doesn’t start meeting unmet customer needs and responding to trends like the sharing economy, new entrants will likely continue to disrupt the industry, attendees to the CIP Society Symposium 2017 heard on Thursday. “The big risk

News CatastrophesInsuranceMergers and AqcuisitionsProductsReinsuranceTechnology

RMS releases new class of cyber-physical risk modelling for property insurers

April 6, 2017 by Canadian Underwriter

RMS has expanded its range of cyber models to include a new class of so-called cyber-physical models in a bid to answer the increasing related risk of insurance losses from hackers targeting control systems linked to the Internet. These cyber-physical

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

ICBC examines anti-distracted driving technology

April 6, 2017 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) has posted a Request for Information (RFI) on BC Bid for market research and technology aimed at reducing distracted driving. The posting of the RFI, as part of ICBC and the government of

News InsuranceMergers and AqcuisitionsTechnology

Aviva Canada invests $2.5 million in Canadian real estate marketplace & brokerage Casalova

April 5, 2017 by Canadian Underwriter

Aviva Canada has announced an equity partnership with real estate marketplace and brokerage Casalova. Aviva Canada announced the partnership in a press release on Wednesday, noting that the $2.5 million investment is being made by Aviva Ventures, Aviva plc’s venture

News InsuranceLegalTechnology

Unlicensed entity selling false proof of auto insurance: FSCO

April 5, 2017 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers that an organization known as Switzerland Imperial Bank AG, or S I B AG Corporation, is not licensed to conduct insurance business in Ontario. “Switzerland Imperial Bank