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News InsuranceTechnology

Calgary university uses 3-D analysis for wildfire, oil spill investigations

July 25, 2018 Bill Graveland - THE CANADIAN PRESS

CALGARY – A crime-scene-type tool is being used by an Alberta university to help investigators looking into the cause of wildfires, arsons and oil spills. Gwen O’Sullivan of Mount Royal University in Calgary said the $550,000 mass spectrometer separates complex

News InsuranceLegislation / RegulationTechnology

Controversy swirls around province’s plan for ridesharing insurance

July 24, 2018 by Jason Contant

B.C.’s provincial government will introduce legislation to enable ridesharing in the province by fall of 2019, prompting the industry’s private insurers to say they can provide ridesharing insurance faster and better than the province’s public insurer. B.C.’s Ministry of Transportation

News InsuranceTechnology

Will telematics make territory-based rating a thing of the past?

July 24, 2018 by Greg Meckbach

The use of telematics in pricing auto insurance is going to become more “prevalent,” and a major property and casualty insurer is trying to use the technology to get a better idea of driver risk, speakers said during a recent

News InsuranceTechnology

Canadian P&C industry enters “hybrid cloud” phase

July 24, 2018 by David Gambrill

Canadian P&C insurance companies have entered a transitional technology phase that will see data from their legacy systems get transferred online. “We are in a hybrid-cloud paradigm,” Frank Attaie, vice president of cloud and software at IBM Canada, told Canadian

News InsuranceMarkets / CoveragesTechnology

Travel insurance program targets those not buying through brokers

July 23, 2018 by Jason Contant

Specialized travel insurance provider TuGo has launched an Affiliate Program, a secondary distribution channel to reach travellers who aren’t currently buying products through traditional channels such as brokers. TuGo’s CEO, Patrick Robinson, told Canadian Underwriter Monday that TuGo’s Affiliate Program

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

The preferred way to transfer risk of automated cars: Travelers

July 22, 2018 by Jason Contant

The public policy division of Travelers is recommending that a “clear risk transfer mechanism” be in place to adapt auto insurance for autonomous vehicles. “While there has not been widespread attention paid to how liability and compensation will be addressed as

News InsuranceTechnology

Winter tire claims statistics took biggest insurer by surprise

July 22, 2018 by Greg Meckbach

When Intact started giving discounts on auto insurance to people with winter tires, the result appeared to be counter-intuitive. Motorists insured by Intact who reported having winter tires installed “were having worse loss ratios” than those driving in the winter

News LegalTechnology

Cyber tip to keep your large retailer clients secure

July 22, 2018 by Greg Meckbach

Computer systems that many retailers use to accept payment and manage inventory can pose a liability risk if they store credit card numbers, and the “ultimate” solution could be expensive. Many “point-of-sale” systems are installed on computers running Microsoft Corp.’s

News ClaimsInsuranceRestorationTechnology

How drone technology is transforming roofing claims

July 19, 2018 by Jason Contant

With the increasing number of catastrophes across the country, there is general consensus in the industry that resources are stretched thin. “The industry has a finite number of roofing companies, adjusters and estimators and to gear up to handle many

News InsuranceLegalTechnology

Fake abduction, Bitcoin ransom latest criminal tactics: RCMP

July 19, 2018 The Canadian Press

RICHMOND, B.C. – Mounties in Richmond, B.C., say it appears criminals have added Bitcoin ransom to the growing list of manoeuvres to swindle money from unsuspecting victims. Officers responded to a report of an abduction on July 16 where a

News InsuranceMarkets / CoveragesTechnology

Top 10 Canadian insurer partners with Slice for new digital brand

July 18, 2018 by Jason Contant

The Co-operators and insurtech Slice Labs announced Wednesday a partnership to allow the insurer to launch a new digital insurance brand in Canada. The first product – underwritten by The Co-operators – will be a pay-per-use homeshare offering under the brand

News ClaimsInsuranceMarkets / CoveragesTechnology

How a $395 gadget can prevent a $43,000 flood claim

July 16, 2018 by David Gambrill

Amid a wave of sump pumps, backwater valves and other methods designed to keep home basements dry comes a new, simple way to mitigate flood risk – an e-sensor. George Tsintzouras, CEO and co-founder of Canadian water tech company Alert