Canadian Underwriter

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Ride-hailing in Vancouver area detours to courts

January 29, 2020 The Canadian Press

Ride-hailing is common in many major Canadian cities, but the long-awaited arrival of Uber and Lyft in Metro Vancouver last week has produced lawsuits and a vow by Surrey’s mayor to keep the companies’ drivers off the streets. Premier John

News InsuranceLegalTechnology

Why this strata’s bylaws on Airbnb were deemed unenforceable

January 28, 2020 by Jason Contant

If you own a strata lot in Vancouver, can you use your unit for short-term accommodation through Airbnb? Yes, if your strata bylaws support short-term rentals in your building, according to Airbnb. But in two recent cases before the province’s

News InsuranceLegislation / RegulationTechnology

Ridesharing insurance takes centre stage as Uber, Lyft approved in B.C.’s Lower Mainland

January 24, 2020 by Jason Contant

VICTORIA – Vancouver is poised to join most major cities in Canada in offering ride-hailing services with the long-awaited approval Thursday of licences for companies Uber and Lyft to operate in British Columbia’s Lower Mainland and Whistler. The independent Passenger

News InsuranceMarkets / CoveragesProductsTechnology

How insurers will make their cyber products better in the future

January 23, 2020 by Jason Contant

Cyber insurers need to get a firmer handle on cyber claims response to be able to add value to their policies, a specialist insurer said recently. James Burns, cyber product leader with London, U.K.-based CFC Underwriting, said that the industry

News RiskTechnology

How blockchain could prevent future data breaches

January 23, 2020 Victoria Lemieux, Associate Professor, Archival Science and Founder & Co-Lead of Blockchain@UBC, University of British Columbia - THE CANADIAN PRESS

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Victoria Lemieux, Associate Professor, Archival Science and Founder & Co-Lead

News InsuranceTechnology

What brokers should consider when looking at insurtech offerings

January 22, 2020 by Greg Meckbach

Brokers looking for a relatively cheap way of upping their game online should check some of the hundreds of insurtechs on the market, but it’s important to know what those insurtechs do and do not provide. If you are a

News InsuranceTechnology

The status of ‘silent cyber’ in the insurance industry

January 20, 2020 by Jason Contant

Silent cyber has long been a thorn in the side of some insurers, and it doesn’t look like the issue will be resolved any time soon. Part of the issue is that the cyber market doesn’t exist to cater to

News RiskTechnology

Google CEO calls for regulation of artificial intelligence

January 20, 2020 Kelvin Chan - THE ASSOCIATED PRESS

LONDON – Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences.” Sundar Pichai’s comments come as lawmakers and governments seriously consider putting limits

News InsuranceMGAsTechnology

An MGA can land in “big trouble” if it fails to do this

January 17, 2020 by Greg Meckbach

Technology could make it easier to start up new managing general agents – which is good news for some and bad news for others, panelists suggested during a recent webinar. “If you [as an MGA] are sitting there thinking, ‘Oh

News Commercial LinesInsuranceTechnology

Why you should be prepared to accept PayPal

January 13, 2020 by Greg Meckbach

As society becomes more accustomed to paying its bills using modern electronic methods, how should brokers respond? “For the new consumer, they are so used to paying in many many different ways. We should be allowing customers to engage on

Feature InsuranceMarkets / CoveragesTechnology

Executive Outlook 2020 | Louis Gagnon, Intact

December 30, 2019 by David Gambrill

Louis Gagnon, President, Canadian Operations, Intact Financial Corporation I see two very important issues for insurance in 2020 — climate change and our ability to adapt; and cyber risk and the increasing need for protection. These challenges create an environment

News InsuranceProductsTechnology

Sonnet launches group insurance offering

December 26, 2019 by Jason Contant

Online insurer Sonnet Insurance has launched a group insurance offering, already signing on Deloitte to offer a group home and auto discount to its employees across Canada in the near future. “As Sonnet considered various approaches to scaling a profitable