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Is Canada still heading toward a recession?

April 21, 2023 by Jason Contant

Canada will likely not experience a recession in the traditional sense but rather a ‘shallow downturn,’ BMO Financial Group’s chief economist Douglas Porter said at an industry event Thursday. “I’m reluctant to call what we’re looking at in Canada a

Businesswoman breaking through a wall to represent critical mass.
News BrokersInsuranceTechnology

Why brokers say APIs must reach critical mass

March 27, 2023 David Gambrill

For the long-sought application programming interface (API) tech solution to truly benefit the P&C insurance process, brokers stress, it’s important to reach critical mass. Without that, APIs wind up being just one more of many solutions brokers must incorporate into

Data flowing across multiple computer systems.
News AssociationsBrokersInsuranceMGAsTechnology

How CSIO’s forging consistent data standards interpretation

March 6, 2023 David Gambrill

The Centre for Study of Insurance Operations (CSIO)’s mandate has evolved to ensure consistent interpretation of the property & casualty (P&C) insurance industry’s data standards by insurance companies and technology vendors. “In developing the multi-year strategic plan, CSIO’s board of

News Insurance

One brokerage’s take on what it means to be a digital broker

September 2, 2021 Brooke Smith

Labour Day is just around the corner — and that means back to school. But Van Allen Insurance has completed its studies for the time being. All 13 members of the Listowel, Ont.-based brokerage’s team have completed the Digital Broker

News BrokersCommercial LinesConstructionInsurance

CSIO finalizes standard set of questions for underwriting this commercial line

November 19, 2019 by Jason Contant

The Centre for Study of Insurance Operations’ (CSIO) commercial lines working group has finalized a standard set of questions required for underwriting small contractor new business submissions. “This is a significant step in implementing commercial lines data standards in the

News InsuranceLegislation / Regulation

Looking for clarity on insurance regulations? Try this new hub…

May 14, 2019 by Adam Malik

The Canadian Council of Insurance Regulators (CCIR) will be launching a new access point this fall to help insurance providers understand licencing and regulatory regimes across Canada. The launch of the Fintech Advisory Hub was met with enthusiasm from the

News AppointmentsInsuranceProfessional DevelopmentTechnology

CSIO announces new board chair

April 3, 2019 by David Gambrill

Sean Christie has been elected chairman of the board at the Centre for Study of Insurance Operations (CSIO). Christie is the chief information officer and vice president of information services at Gore Mutual Insurance Company. He has been a director

News InsuranceTechnology

Regulator reveals reason for electronic pink slips delay

August 28, 2018 by Jason Contant

Police concerns about drivers’ mobile phone privacy rights are a major stumbling block in the introduction of electronic proof of insurance in various parts of the country, provincial financial and insurance regulators have told Canadian Underwriter. Canadian Underwriter recently contacted a

News AssociationsInsuranceLegislation / RegulationMarkets / CoveragesTechnology

Is the slow pace of regulatory change putting the industry at risk?

June 19, 2018 by Jason Contant

The insurance industry is at risk if regulators don’t recognize that consumer expectations are changing and allow consumers the choice of receiving their policy documents electronically, the president and chief executive officer of the Centre for Study of Insurance Operations

News AssociationsInsuranceTechnology

Industry close to consensus on insurer-broker connectivity

May 2, 2018 by Jason Contant

The insurance industry in Canada is getting close to consensus on connectivity between insurance brokers and carriers, an Applied Systems executive said Tuesday at the company’s Executive Symposium in downtown Toronto. “I truly believe that we are fairly close to

News InsuranceLegislation / RegulationTechnology

‘Word on the street’ about Ontario auto electronic pink slips

April 27, 2018 by Greg Meckbach

Only one province in Canada officially accepts electronic proof of auto insurance right now, but industry scuttlebutt suggests police are already accepting them in some quarters, and Ontario will soon be in line to accept the electronic slips. “Word on

News AppointmentsAssociationsTechnology

Former IBAS president Wasylenko acclaimed to CSIO board

April 18, 2018 by Greg Meckbach

Sheldon Wasylenko is among the brokers acclaimed Tuesday to the board of directors of the Centre for Study of Insurance Operations (CSIO). Wasylenko previously served as president of the Insurance Brokers Association of Saskatchewan. He also serves on the board