Topic Technology
Transport Canada identifies brake safety issue with certain Ford F-150 models
November 7, 2016 by The Canadian PressOTTAWA – Transport Canada has identified a brake safety issue with certain Ford F-150 models and is deciding whether Ford of Canada will be ordered to issue a recall notice. Transport Minister Marc Garneau said the government agency contacted Ford…
Ed launches global cyber academy
November 4, 2016 by Canadian UnderwriterEd, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer,…
Ontario Securities Commission and Australian financial regulator sign fintech agreement
November 4, 2016 by Canadian UnderwriterThe Ontario Securities Commission (OSC) and the Australian Securities and Investments Commission (ASIC) have signed a new agreement under which fintech companies in Australia and Ontario “will be able to draw on support from the combined resources of their financial…
Insurers must realign business to suit customer needs and expectations for the future, not the past: Majesco
November 4, 2016 by Canadian UnderwriterThe factors influencing customer loyalty are changing, demanding that insurers rethink and realign how their businesses meet customer expectations, notes a new thought leadership report released Thursday by Majesco. A significant gap exists between consumer needs and expectations and what…
‘Lots of room for improvement’ with new Ontario auto dispute resolution system: Judge Cunningham
November 2, 2016 by Greg Meckbach, Associate EditorOntario’s license appeal tribunal – which this year started hearing auto accident benefits disputes – presents “an opportunity” for auto insurers to “redefine how they provide their services,” an insurance company lawyer said Wednesday, while the retired judge who recommended…
Calgary-based InsureMy partners with U.K. telematics provider to distribute new driver program to Canadian drivers
November 2, 2016 by Canadian UnderwriterCalgary-based brokerage InsureMy Ltd. and United Kingdom-based telematics provider Trak Global Group announced on Wednesday a partnership through an exclusive licensing agreement enabling InsureMy to “distribute products from the Trak/Carrot [Insurance] brand to maximize distribution points throughout Canada.” Trak Global…
IoT infrastructure investments to be covered by new industrial insurance
November 2, 2016 by Canadian UnderwriterRelayr is partnering with Hartford Steam Boiler (HSB), part of Munich Re, to develop customized insurance products to help relayr customers making Internet of Things (IoT) investments protect their return on those investments. Pointing out that that HSB has 150…
Government of Saskatchewan to introduce strengthened impaired driving legislation
November 1, 2016 by Canadian UnderwriterThe government of Saskatchewan announced on Monday that it will add amendments to The Traffic Safety Act this fall to strengthen impaired driving legislation. This fall, the government will introduce the following amendments: Add a three-day vehicle seizure for experienced…
CNA Financial posts net income of US$343 million in 2016 Q3
November 1, 2016 by Canadian UnderwriterCNA Financial Corporation saw net income jump US$165 million to US$343 million in 2016 Q3 over the prior-year quarter, driven by the performance of its Property & Casualty Operations, higher net investment income and stable catastrophe losses. Net income for…
Canadian business executives report not doing enough to protect data, security concern over migrating to the cloud persists: Microsoft Canada
October 31, 2016 by Angela StelmakowichSkepticism over security when migrating to the cloud was voiced by almost six in 10 Canadian senior-level business leaders taking part in a Microsoft Canada Inc. survey. In all, 58% of the 711 respondents from the private and public sectors…
Cars made after May 2018 must have back up cameras: Transport Canada
October 31, 2016 by THE CANADIAN PRESSOTTAWA — Transport Canada says new cars and small trucks will have to be equipped with rear-view camera systems starting in May 2018. The new regulations have been formally posted in the Canada Gazette for a 75-day comment period. The…
40% of polled U.S. policyholders who purchased cyber coverage in last six months have increased coverage: Council of Insurance Agents & Brokers
October 28, 2016 by Canadian UnderwriterThe Council of Insurance Agents & Brokers (CIAB) in the United States has reported that nearly 40% of polled policyholders who purchased cyber coverage in the last six months have increased their coverage levels. Earlier this week, the CIAB released…