Canadian Underwriter

Topic Technology

News InsurersTechnology

The next revolution in telematics: An insurer partners with an automaker to collect data

October 7, 2020 by Adam Malik

An American auto insurer has partnered directly with a car manufacturer to get access to driver data and provide insurance coverage based on that information — and one Canadian expert thinks it’s a viable idea that could gain traction here.

News BrokersManitobaOperationsTechnology

How you can cut down time spent searching underwriting manuals

October 5, 2020 by Greg Meckbach

Some brokerage staff members could be spending hours each day just searching for information in their carriers’ underwriting manuals – time that could be put to better use, the head of a technology vendor suggests. Some of the longest underwriting

News AlbertaInsurersLegalPersonal AutoTechnology

Why insurers incurred penalties for over-charging Alberta auto clients

October 2, 2020 by Greg Meckbach

Programming errors are cited as the culprit for why some Alberta auto clients have been charged higher rates than those approved by the Automobile Insurance Rate board. Six auto insurers (ultimately owned by Economical, TD Bank and Intact) had to

News AdjustersClaimsClaims Canada ArchiveClaims TechnologyMergers and AqcuisitionsTechnology

Fight continues over proposal to acquire property data provider CoreLogic

October 1, 2020 by Greg Meckbach

A proxy battle is underway for control of the corporate parent of Canadian insurance technology vendor Symbility. Hedge fund advisor Senator Investment Group said Wednesday it is asking shareholders of CoreLogic Inc. to vote this November in favour of replacing

News OperationsTechnology

What the insurance industry wants from its tech vendors

September 30, 2020 by Jason Contant

The insurance industry wants technology vendor incumbents to become more innovative, but also limit the number of products to maintain and buy, according to the CEO of Applied Systems. “We did a lot of end-market survey work over the last

News AlbertaB.C.BrokersTechnologyTrusted Advisor

What this insurtech says are two ways of being better than the average broker

September 28, 2020 by Greg Meckbach

If you want to be better than the average brokerage, try explaining coverages through the use of examples and try not making consumers wait for days for answers, the co-founder of an insurtech advises. “Insurance can be somewhat stuffy and

News InsurersManagementOperationsQuebecTechnology

The pandemic-induced change Intact says has ‘proven to work’

September 28, 2020 by Greg Meckbach

Insurers who sent most of their employees home to work have demonstrated remote access can indeed work — and even offer co-workers an opportunity to get to know each other’s families better — but it may be challenging over the

News ClaimsCyberTechnology

Locked-up computer systems only part of ‘terrifying’ ransomware scourge

September 28, 2020 by Colin Perkel - THE CANADIAN PRESS

TORONTO – A shadowy group of cyber criminals that attacked a prominent nursing organization and Canadian Tire store has successfully targeted other companies with clients in governments, health care, insurance and other sectors. Posts on their NetWalker “blog” indicate the

News Technology

Feds offer $50 million fund to film, TV productions struggling to get insurance

September 25, 2020 by Victoria Ahearn and Tara Deschamps – THE CANADIAN PRESS

The federal government has announced a temporary new fund to help struggling Canadian film and television productions held up by a lack of COVID-19 insurance. Heritage Minister Steven Guilbeault says the $50-million fund is a short-term measure that will be

News BrokersCyberEmerging RisksInsurersLiabilityLicensingTechnology

The insurance implications of virtual healthcare in the COVID era

September 24, 2020 by Jason Contant

As more and more Canadians take advantage of virtual healthcare options during the COVID-19 pandemic, brokers and insurers need to make sure their clients have adequate insurance protection for this emerging risk. The move to medical consultations by video or

News CyberTechnology

Some CRA online services remain unavailable a month after cyberattacks

September 24, 2020 by Jacob Serebrin - THE CANADIAN PRESS

More than a month after the Canada Revenue Agency took its website offline in the wake of a major cyberattack, the federal tax collection agency won’t say when it expects its online services to fully return to normal.   A number

News Claims TechnologyOntarioPersonal AutoSupply ChainTechnology

How the pandemic will change insurers’ medical assessments

September 23, 2020 by Greg Meckbach

The COVID-19 pandemic has prompted some insurers’ medical examiners to consider virtual exams instead of in-person exams when the examiner needs to speak with the claimant. “We work with a number of firms that provide independent medical assessments and evaluations