Keyword
auto insurance
Offers that help save money on home and auto insurance of interest to customers: broker forum speaker
March 6, 2017 Jason Contant, Online EditorBrokers could provide added value to their customers by suggesting offers that that help save money on home and auto insurance, attendees to the Insurance-Canada.ca Broker Forum (ICBF) heard last week. “Fully 50 to 60% of your customers are saying,…
Fintech firms can ‘get to market quickly,’ ICTC speaker warns
February 28, 2017 Greg Meckbach, Associate EditorCompetitors outside the property & casualty industry are trying to “bite away” at the P&C market, while fintech is starting to “emerge in spaces where banking isn’t,” a senior executive with a major insurer told industry professionals Tuesday. “Over the…
Government of Alberta advances Disaster Recovery Program funding to help with Fort McMurray uninsurable costs
February 24, 2017 by Canadian UnderwriterThe government of Alberta announced on Thursday that it is advancing $20 million in Disaster Recovery Program funding to help with uninsurable costs related to the Fort McMurray wildfire. The funding is intended to help with uninsurable costs, such as…
Wider mandate for Ontario’s auto insurance regulator would be welcomed
January 19, 2017 by Angela StelmakowichA wide mandate for the body regulating Ontario’s auto insurance sector – one that promotes competition, innovation and responsiveness – would be welcomed, Karin Ots, senior vice president of regulatory and government relations for Aviva Canada, suggested Thursday during a…
Insurtech platform revenues to approach US$235 billion by 2021, driven by machine learning and blockchain adoption: report
December 13, 2016 by Canadian UnderwriterFintech platform revenues derived from supporting the insurance industry will reach almost US$235 billion globally by 2021, up 34% year-over-year from an estimated US$175 billion this year, according to new findings from Basingstoke, England-based Juniper Research. The research company said…
Canadian P&C outlook stable, driven by good demand, strong underwriting discipline and solid balance sheets: Moody’s
December 13, 2016 by Canadian UnderwriterThe outlook for the Canadian property and casualty (P&C) industry is stable, driven by good demand, strong underwriting discipline and solid balance sheets, Moody’s Investors Service said in a report released on Monday. However, despite the stable outlook, these trends…
Use of digital channels increasing, but technology can’t fully replace human connections during auto claims process: J.D. Power U.S. study
October 27, 2016 by Canadian UnderwriterMillenials’ customer satisfaction with the auto insurance process in the United States, while still the lowest among all generations, is improving and carrying the rest of the industry with it, according to the J.D. Power 2016 U.S. Auto Claims Satisfaction…
More fairness in Ontario auto insurance needed to fix the system: IBC’s Forgeron
October 24, 2016 by Canadian UnderwriterFairness is still lacking in Ontario’s auto insurance system and a balance needs to be struck between both lower premiums and the right level of benefits, Don Forgeron, president and chief executive officer of Insurance Bureau of Canada (IBC), said…
Auto insurance rates rise in Ontario despite Liberal pledge to cut by 15 per cent
October 19, 2016 The Canadian PressTORONTO – Auto insurance rates are rising in Ontario, moving the Liberal government even further away from a self-imposed target of an average 15-per-cent reduction. The Liberals promised in 2013 to cut auto insurance premiums an average of 15 per…
ICBC asks for 4.9% increase to basic insurance rates, lower than last year’s 5.5% increase
August 26, 2016 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) announced on Thursday that it will submit its 2016 basic rate application to the British Columbia Utilities Commission, asking for a 4.9% increase to basic insurance rates – lower than last year’s 5.5%…
Capitalizing on Analytics
August 2, 2016 Angela Stelmakowich, Editor; and Jason Contant, Online EditorTime will bring more and more data. But to truly understand and reap the benefits, information needs to be properly analyzed. First-movers are expected to realize the biggest advantage and chart their future paths.
SGI Canada reports underwriting income of $42 million for 15 months ending March 31
July 19, 2016 by Canadian UnderwriterSaskatchewan Government Insurance announced Monday that the province’s Auto Fund had an underwriting loss of $11.1 million for the 15 months ending March 31, 2016, while SGI Canada, the competitive arm of SGI, had underwriting income of $42 million during…