Keyword
Brokers
Drought to Deluge
June 1, 2015 Anya Sri-Skanda-Rajah, Managing Director, GC Analytics, Canada Flood Model Strategic Lead, Guy Carpenter & CompanyBoth data and technology are having an impact on the development of flood insurance products. With recent breakthroughs that advance the ability to perform stochastic modelling, more insurers appear open to writing flood insurance, a move that could help shrink the coverage gap for homeowners.
Big Data, Big Opportunity
June 1, 2015 Jeff Purdy, Senior Vice President of International Operations, Applied SystemsHow can the tremendous amounts of data generated in the insurance industry be used to enhance broker operations and profitability? Business intelligence solutions have become a necessity for companies of all sizes, industries and verticals to be highly competitive in today’s marketplace.
Digital Transformation
June 1, 2015 Lorraine Thompson, Canadian Lead, Insurance Practice, Canada, AccentureDigital technology is poised to transform the property and casualty insurance industry both here at home and abroad. Canadian carriers that take steps today to address trends will move from having a digital consumer strategy to having an overall business strategy that is digital.
Part of the Conversation
June 1, 2015 Greg Meckbach, Associate EditorThe “connected world” is the focus of InsureMy Ltd., a Calgary brokerage specializing in telematics and headed by Hugh McTavish.
Driving Forward
May 1, 2015 Angela Stelmakowich, EditorTelematics is revving up. Fuelled by the promise of securing consumer loyalty and gaining competitive advantage, offerings from traditional and non-traditional players in the property and casualty space are meant to help position companies for the future. But will current regulatory restrictions serve to stall out the possibilities?
No Substitute for (Protection)
May 1, 2015 by Canadian UnderwriterConsumers, car dealerships and the entire insurance industry in Quebec have received a crystal-clear message from the provincial regulator: non-compliance with rules governing replacement insurance, and meant to protect consumers, will not be tolerated and fines will be imposed.
Moves and Views
May 1, 2015 by Canadian Underwriter1 Liberty International Underwriters Canada announced in April the appointment of Garth Pepper [1a] as president, replacing Mike Molony [1b], who is retiring and has served as LIU Canada president since 1999. Pepper most recently was senior vice president of…
Brokers in Action
April 1, 2015 Greg Meckbach, Associate EditorAs ever, insurance brokers across the country are grappling with a wide variety of issues. Some issues are ongoing while some are emerging; some are regional while others are country-wide. The one constant is the need for brokers to continue to act as trusted advisors and to provide sound advice so that customers know the risks, understand coverage and have access to a wide choice of products.
The Little Risk that Could
April 1, 2015 Brenda Rose, Vice President and Partner, FCA Insurance Brokers; and Technology Champion, Insurance Brokers Association of CanadaBrokers’ privacy risk is no longer an afterthought. In years past, privacy risk may have garnered far less attention than more commonly acknowledged risks, including errors and omissions. But the little risk has now grown large enough that brokers are well-advised to adopt both prevention and mitigation strategies.
In the Works
April 1, 2015 Carol Lyons, Partner and Co-chair, Insurance, Financial Services Regulatory; Ke-Jia Chong, Student-at-Law, McMillan LLPSaskatchewan’s first proposed overhaul of its insurance legislation in decades seeks to modernize requirements and harmonize provisions with those in Alberta and British Columbia. Changes revolve around, among other issues, fair and unfair practices, insurance intermediaries and self-evaluative audits.
Over and Above
April 1, 2015 Sharon Ludlow, President, Aviva Insurance Company of CanadaWhy is now the time for homeowner overland water protection? With Canada seeing more rain every year, this type of protection will only become more important in future. The country’s first such coverage for residential properties, working in concert with sewer back-up protection, seeks to meet that need.
Phish Tales
April 1, 2015 Kadey B.J. Schultz, Partner; and Aleksandra Zivanovic, Associate, Hughes Amys LLPCyber criminals have perpetrated – and continue to perpetrate – on banks around the world a spin on the classic bait-and-switch manoeuvre. The new form of phishing has already proved very costly and should serve as a caution that all industries, not just financial institutions, need to develop cyber resilience to avoid getting hooked in.