Canadian Underwriter

Topic Commercial Auto

News Commercial AutoInsurersOperationsPersonal Auto

How the pandemic made for better strategic planning

March 3, 2021 by Adam Malik

The COVID-19 pandemic forced one insurance association to change how they typically map out their future. The result ended up being a product they believe is better than something that would have been produced in normal times. For many, planning

News AdjustersClaimsClaims ProfessionalsClaims TechnologyCommercialCommercial AutoInsurersPersonal AutoPersonal HomePropertyTechnology

Lessons learned from ‘the toughest Cat season’

March 2, 2021 by Adam Malik

The COVID-19 pandemic made it difficult at times for insurers to work through natural catastrophes, said a Wawanesa executive during a recent web conference. But they’ve learned a few lessons because of it. As Cats stormed through Alberta to the

News AdjustersClaimsClaims ProfessionalsCommercial AutoInsurersPersonal Auto

The future of auto claims if everyone keeps working from home

February 23, 2021 by David Gambrill

Auto insurers will be watching very carefully to see how future working-from-home arrangements will affect downtown traffic patterns — and hence, auto insurance claims — during the post-pandemic era, says an RSA Canada claims executive. Government lockdowns to avoid the

News BrokersClaimsCommercialCommercial AutoConstructionCyberInsurersLegalLoss TrendsProperty

Canada’s hardest-hit commercial lines — and a reason for optimism

February 18, 2021 by David Gambrill

Commercial lines market hardening in Canada — and globally — should continue through the early half of 2021, with some possible easing of rate increases during the second half of the year once vaccine rollout is widespread, an Aon report

News BrokersCommercialCommercial AutoEducationEmerging RisksEnvironmentalManagementPersonal AutoPersonal HomeTrending

Brokerage executives to examine COVID impact today and beyond

February 8, 2021 by Adam Malik

Brokers have been on the front lines while the global COVID-19 pandemic has tightened its grip on the economy and, in turn, brokers’ clients. Four leading national brokerage executives will take a look at what Canadian brokers can expect as

News Commercial AutoInsurersPersonal AutoTechnology

Something new to tell drivers to help stop distracted driving

February 4, 2021 by Adam Malik

Messaging around distracted driving hasn’t worked, so it’s time to come up with a new strategy to reduce driving risk, a panellist on a recent webinar suggested. Instead of saying how bad it is to be distracted, insurers and governments

News BrokersCommercial AutoInsurersPersonal Auto

Unintended M&A consequence: A shrinking carrier residual market

February 3, 2021 by Adam Malik

The number of carriers supporting Canada’s residual market for high-risk auto insureds is shrinking thanks to a combination of player withdrawal and mergers and acquisition activity. Tackling this issue is one of a number of priorities for the Facility Association

News ClaimsCommercial AutoInsurersLiabilityPersonal Auto

Support in Canadian P&C industry for U.K. approach to insuring automated cars

January 29, 2021 by David Gambrill

Insurance programs for connected and autonomous vehicles (CAV) in the United Kingdom may be applicable to Canada as well, according to a recent survey from Canada’s association of provincial insurance regulators. In the U.K., the Automated and Electrical Vehicles Act

News ClaimsCommercial AutoInsurersPersonal AutoTechnology

P&C industry needs better data about distracted driving

January 28, 2021 by Adam Malik

There’s a fairly significant gap between what government agencies have to say about distracted driving and what data companies are able to capture, and that is playing a role in the ineffective portrayal and messaging around the seriousness of people

News ClaimsCommercial AutoInsurersPersonal AutoTechnology

Smartphones are problems, but here’s how they can help reduce driving risk

January 22, 2021 by Adam Malik

This could be the year telematics driving data actually provides meaningful information — and change — to insurers and drivers alike, allowing risk to be underwritten more accurately, experts predict. To pull that off, smartphones will be a critical tool

News ClaimsClaims Canada ArchiveCommercial AutoEmerging RisksLegalLiabilityLicensingPersonal AutoTechnologyTrending

What’s missing from driverless vehicle rollout plan

January 19, 2021 by Greg Meckbach

Driverless vehicles need to have some way of communicating with police, fire and ambulance responders, an auto manufacturers’ group said in a recent report. First responders have ways of handling situations they encounter in traffic but there are no  “common

News BrokersCommercialCommercial AutoInsurersOperationsPersonal AutoPersonal Home

Opinion: Why you should pursue subrogation more often

January 7, 2021 by Wilfred Tioh, SIAdvisers Consulting & Solutions

The most lucrative opportunities are often hidden in plain sight, and that is true of subrogation. Subrogation has long been overlooked as an opportunity for insurers to generate a lucrative revenue stream and improve long-term business. A detailed investigation for first-party