Canadian Underwriter


insPRESS AnnouncementsTechnology

A.P. Reid Insurance leads the way in technology with new client web access

February 23, 2018 by Ian Portsmouth

Dartmouth, NS, Feb. 23, 2018 /insPRESS/ – A.P. Reid Insurance Stores, a leading national insurance brokerage, is excited to announce the launch of their new, user-friendly online customer portal and mobile app, branded the ‘A.P. Reid Client Access Centre’. The technology

News Markets / CoveragesTechnology

Cyberattacks will increasingly lead to business interruption, cyber insurer warns

February 22, 2018 by Jason Contant

Cyber insurer Beazley is expecting an increase in cyberattacks that lead to business interruption, especially due to the growth of cloud platforms and connected devices in the workplace. On Wednesday, Beazley released its 2018 Breach Briefing outlining the types of

News InsuranceMarkets / CoveragesTechnology

Electronic proof of insurance now available, even if regulations aren’t

February 22, 2018 by David Gambrill

The Centre for Study of Insurance Operations (CSIO) has launched its My Proof of Insurance eDelivery solution, enabling CSIO members to send consumers digital policy documents (including proof of auto insurance, or ‘eSlips’) for personal and commercial lines. The announcement

News Markets / CoveragesTechnology

Aviva Canada looking into electronic payments standard

February 22, 2018 by Jason Contant

As payment systems continue to modernize globally and locally, one Canadian insurer says it is hoping to explore opportunities related to its payment infrastructure. While it is not currently using ISO 20022, an international standard that supports electronic payments, Aviva

News Markets / CoveragesTechnology

How a new breed of car repair technician can drive down insurers’ repair costs

February 21, 2018 by Jason Contant

Newer technology in vehicles is creating the need for a different skill set in collision repair facilities, something that could ultimately affect vehicle repair times for insurers. “This technology that is in the car now from a safety perspective brings

insPRESS InsuranceTechnology

Sharp Mobile Announces iMobilebroker 2.0 – Unlimited Potential

February 21, 2018 by Sharp Mobile Technology Ltd.

CALGARY, Feb. 21, 2018 /insPRESS/ – Sharp Mobile Technology Ltd. is preparing to launch a brand new version of the iMobilebroker platform, the ultimate broker-branded customer experience. “It has always been our goal to provide best-in-class solutions, and we believe

insPRESS AnnouncementsInsuranceLegislation / RegulationTechnology

CSIO Announces Launch of My Proof of Insurance eDelivery Solution

February 21, 2018 by CSIO (Centre for Study of Insurance Operations)

TORONTO, Feb. 21, 2018 /insPRESS/ – CSIO is pleased to announce the official launch of its My Proof of Insurance eDelivery solution. The solution enables CSIO members to send consumers digital policy documents, including proof of auto insurance (eSlips), for personal

News InsuranceMarkets / CoveragesTechnology

Why it costs more to fix your insured’s car (Hint: it’s not just the gadgets)

February 20, 2018 by Jason Contant

Addressing the entire vehicle safety system after an auto collision, and not just one component like a sensor, may be contributing to longer auto repair times and higher costs for insurers, Mitchell International said Thursday. Jerry Gastineau, content manager with

News ClaimsInsuranceMarkets / CoveragesTechnology

One way car repairs may become cheaper

February 20, 2018 by Jason Contant

Vehicles with special materials such as high-strength steels, aluminum and carbon fibres are now contributing to an increase in severity potential and repair costs, but these costs may eventually decrease, Mitchell International said on Thursday. Preliminary data is showing the

News InsuranceLegalMarkets / CoveragesTechnology

How Internet of Things will change product liability

February 19, 2018 by David Gambrill

Product liability could look very different in the future once the Internet of Things (IoT) connects a variety of insured household and business products, Clyde and Co. litigator Prachi Shah told Canadian Underwriter Friday. In existing IoT literature, we hear

News ClaimsInsuranceMarkets / CoveragesTechnology

Want to offer real-time claims payments? Start planning now

February 19, 2018 by Jason Contant

Canadian insurance companies should start to plan now how they will implement ISO 20022, an international standard that supports electronic payments, the chief operating officer of Payments Canada told Canadian Underwriter Wednesday. “Your large insurance companies… ought to be thinking

News ClaimsInsuranceTechnology

Why driving safety tech doesn’t cut claims costs – yet

February 19, 2018 by Greg Meckbach

Sensor and computer technologies are supposed to make traffic safer but are indirectly increasing insurance claims costs, the head of Canada’s Number 2 insurer warns. Aviva Canada has observed a “double-digit” increase (meaning more than 10%) in property damage costs