Topic Education
Regulatory change demands that insurers show regulators using telematics data for claims management would help consumers
April 28, 2016 by Angela Stelmakowich, EditorThe Financial Services Commission of Ontario (FSCO) has drawn a line in the sand when it comes to using telematics data for claims management, but it is not a given that line will always be in place, Blair Currie, vice…
Only a quarter of respondents say their enterprises monitor business partners at least quarterly: anti-corruption research
April 28, 2016 by Canadian UnderwriterJust 27% of the 330 respondents taking part in a recent online survey monitor business partners at least quarterly or more often, note findings from the 2016 Anti-Corruption Survey Report, released this week. Findings in the report from Dow Jones…
Worldwide IoT security spending to reach US$348 million in 2016, up 23.7% from 2015: Gartner
April 26, 2016 by Canadian UnderwriterWorldwide spending on security related to the Internet of Things (IoT) will reach US$348 million in 2016, a 23.7% increase from 2015 spending of US$281.5 million, according to Gartner, Inc. Gartner, an information technology research and advisory company based in…
CSIO introduces new eSignatures savings calculator
April 26, 2016 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Tuesday that it has released its new eSignatures Savings Calculator tool, which supports members in determining the return on investment (ROI) of adopting an eSignatures solution. The calculator estimates the…
Aviva Canada, ICLR team up for free emergency preparedness mobile app
April 26, 2016 by Canadian UnderwriterAviva Canada has partnered with the Institute for Catastrophic Loss Reduction (ICLR) for the creation of a free emergency preparedness mobile app. The free Plan & Protect app, announced on Tuesday, can be downloaded to mobile devices, where users will…
Success for insurers involves “dramatic” transformation of workforces and cultures for digital world: Accenture study
April 26, 2016 by Canadian UnderwriterInsurers who succeed will “do so by dramatically transforming their workforces and cultures to operate in a digital world,” according to a report released on Tuesday by Accenture, a global professional services company providing a broad range of services and…
Don’t underestimate effort needed for successful acquisition: CIP Symposium speaker
April 25, 2016 by Jason Contant, Online EditorDon’t underestimate the effort required to have a major change such an acquisition go through successfully, attendees to the 2016 CIP Society Symposium heard last week. Speaking during an Up Close and Personal session, Surender Sekhon, director of operational underwriting…
Kanetix Ltd. partners with ClientDesk to help insurance industry engage with customers digitally
April 25, 2016 by Canadian UnderwriterKanetix Ltd. has partnered with ClientDesk Inc. to offer a new insurance solution to insurance providers, intermediaries and their customers – a mobile self-service technology for policyholders that allows insurance providers to connect with their clients via a mobile app.…
Understanding the changing customer key to helping prevent disruption, CIP Symposium speaker says
April 24, 2016 by Jason Contant, Online EditorNot understanding the changing customer could prove detrimental to the insurance industry, Sam Natur, CEO and president of Bullfrog Insurance, told conference attendees last week at the 2016 CIP Society Symposium in Toronto. “If you think that’s not going to…
Canada’s FirstOnSite Restoration to join forces with U.S.-based Interstate Restoration
April 22, 2016 by Canadian UnderwriterFirstOnSite Restoration G.P. Inc. (the general partner of FirstOnSite Restoration L.P.), Canada’s largest independent disaster restoration services provider, announced on Thursday that it has reached a definitive asset purchase agreement with U.S.-based Interstate Restoration LLC. Under the agreement, subject to…
YIPT autonomous vehicles panel addresses product liability, future need for personal auto insurance
April 22, 2016 by Canadian UnderwriterThe first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms…
Personal lines set to dramatically change, but will not disappear altogether: speakers at CIP Symposium
April 22, 2016 by Jason Contant, Online EditorWith the number of disruptors entering the insurance industry, personal lines insurance is set to undergo a dramatic transformation, but will likely not disappear altogether, speakers suggested Thursday at the 2016 CIP Society Symposium. Catherine Kargas (picture below right), vice…