Canada’s insurance industry, already focused on innovation in the personal lines market, needs to expand its view. Innovation in the commercial lines space holds great promise for creating new business models, developing new partnerships and taking advantage of the data that the Internet of Things offers.
The Co-operators General Insurance Company has estimated that the Fort McMurray wildfire will cost it between $70 million and $90 million. While access to the affected area remains restricted, The Co-operators’ preliminary estimate indicated that the after-tax cost of the…
Commercial insurance prices in aggregate for Canadian insurers increased 3.8% in the general products and liability line during the fourth quarter of 2015 compared to those charged for the same coverage during Q4 2014, according to the latest Willis Towers…
The Toronto Insurance Conference (TIC) is now accepting applications for the fourth year of its university scholarships program. Founded in 2013 and managed by the Insurance Institute of Ontario, the TIC Scholarships Program offers financial assistance for up to three…