Canadian Underwriter

Topic Emerging Risks

Insurtech written upon a digital dashboard
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Insurtechs: Disruptors or partners?

September 2, 2021 by Jason Contant

Insurtechs are playing a game of collaboration and not combativeness within the insurance industry, the chief executive officer of an online commercial insurance brokerage said recently. “If you look at every insurtech, we pretty much always have to partner with

point of sale transaction
News BrokersEmerging RisksSupply ChainTechnologyTrusted Advisor

How will brokers fit into new online distribution models?

August 30, 2021 by Jason Contant

Editor’s Note: This story has been updated to include feedback from the Insurance Corporation of British Columbia.   Brokers will need to determine where they fit in as more consumers move to online and point-of-sale transactions, said Sarah Thompson, chief

intellectual property
News BrokersEmerging RisksLiabilityMGAsTechnology

Why now is the time for brokers to talk about intellectual property insurance 

August 27, 2021 by Jason Contant

While the technology and life sciences sectors have been traditional areas of focus for intellectual property (IP) insurance, one specialist insurance provider says now is the time for brokers to open up discussions to include other industries. Maddi Brown, intellectual

News BrokersClaimsClaims Canada ArchiveCommercialCyberEmerging RisksInsurersLoss TrendsRisk ManagersTechnology

How Lloyd’s says your client could suffer reputational harm

August 25, 2021 by Greg Meckbach

Up to a quarter of the value of some of your commercial clients’ firms could be their own brand and reputation. This reputational value could degrade quickly if your client is perceived to have behaved badly, a Future of Insurance

intellectual property
News BrokersCommercialEmerging RisksLiabilityMGAsTechnology

This line of business needs to be simplified, MGA says

August 24, 2021 by Jason Contant

The insurance industry needs to move forward and simplify intellectual property (IP) coverage for the small- and medium-sized enterprise (SME) market, a specialist insurance provider said. IP insurance typically involves long, complicated proposal forms, a fee charged to get a

News ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEmerging RisksHRLegalLiabilityManagementOntarioRisk Managers

Should public workers’ compensation protect clients from liability for mental stress caused by harassment?

August 23, 2021 by Greg Meckbach

Ontario’s workers’ compensation tribunal was wrong when it decided that a Niagara Falls hotel can’t be sued by a former worker who alleges she was forced to quit after suffering harassment, the provincial Divisional Court has ruled. As a result

News Emerging RisksLiability

Renting out backyard swimming pools can be lucrative, but experts warn of risks

August 20, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – Stephanie Sabela didn’t know what to expect when she first decided to list her backyard swimming pool for rent on the popular online platform, Swimply. Sabela, who lives on a five-acre property north of Toronto in King Township,

News B.C.ClaimsClaims Canada ArchiveClaims ProfessionalsEmerging RisksEnvironmentalInsurersLoss ControlLoss TrendsPersonal Home

Intact Centre, Insurance Bureau react to latest Liberal election promise

August 19, 2021 by Greg Meckbach

Wednesday’s Liberal election promise answers a call from Canada’s property and casualty insurance industry for a national standard for scoring properties on their resilience to weather-related disasters. In a speech in British Columbia Wednesday, Prime Minister Justin Trudeau promised a

News ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialCyberEmerging RisksLoss Control

This insurer has ‘much more stringent underwriting criteria’ in cyber

August 18, 2021 by Greg Meckbach

Aggregation and systemic risk in cyber insurance means commercial carriers need to build up more capital for large widespread losses, suggests the CEO of a Bermuda insurer. Within cyber lines, Axis Capital Holdings Limited reduced its limits and increased deductibles,

News ClaimsClaims Canada ArchiveClaims ProfessionalsEmerging RisksInsurersLoss TrendsProperty

How insurers plan to advocate for climate adaptation in federal election

August 17, 2021 by Greg Meckbach

Adapting properties and communities to be more resilient to climate-related disasters should be a federal election issue, an Insurance Bureau of Canada official told Canadian Underwriter Monday. “We will be very active throughout the federal election in advocating for adaptation

Blue circuitry digital lock on binary code
News CyberEmerging RisksOperationsTechnology

How does North America’s cyber risk compare to other regions?

August 16, 2021 by Jason Contant

If your client thinks they are more at risk of a cyberattack in the future, they may not be imagining things. According to a recent survey from global cybersecurity company Trend Micro, 80% of global organizations report they are more

Post-COVID return to the office
News EducationEmerging RisksHRInsurersLoss ControlRisk Managers

Will 4th wave, mandatory vaccines spur more insurers to re-imagine the workplace?

August 16, 2021 by Canadian Underwriter Staff

With COVID-19 cases rising across Canada and several large employers — including the federal government — announcing they’ll require workers to be vaccinated, insurers and brokers may begin rethinking their return-to-office plans. Not long before the fourth wave hit, some