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Desjardins
Data breach affects nearly 3 million Desjardins Group members
June 20, 2019 THE CANADIAN PRESSMONTREAL – Desjardins Group said Thursday the personal information of more than 2.9 million of its members has been shared with individuals outside of the organization. The Quebec-based financial institution said the breach affects 2.7 million individual members and 173,000…
How many Canadians actually understand water damage coverage?
December 6, 2018 by Jason ContantOnly about half of Canadians polled by Canada’s third largest insurer understand what kind of water damage is covered by their insurance policy, providing an opportunity for brokers to educate clients on the coverage. “For insurance brokers and agents, understanding…
Changing the Channel
November 6, 2018 by Canadian UnderwriterThe property and casualty insurance industry is like a cable TV network: you can choose from among a variety of channels – broker, direct, multi-channel and omni-channel. Desjardins’ Denis Dubois explains what they all mean, and tells CU how distribution channels may evolve in the future.
Must-have for insurers to underwrite overland flood
September 26, 2018 by Greg MeckbachArtificial intelligence and data analytics is one reason some Canadian insurers are underwriting residential flood coverage, speakers said Tuesday during an industry conference. “Here is an opportunity that we took to really look at the massive data sets we worked…
Auto insurer faces lawsuit over credit scores in accident benefits claims
May 16, 2018 by Greg MeckbachA major Ontario auto insurer is facing a lawsuit over allegedly using credit scores in adjusting accident benefits claims. The proposed class-action lawsuit, filed April 10 in Federal Court, is on behalf of all Canadians who made auto claims with…
Desjardins offers free flood coverage to eligible clients in low-risk areas
March 23, 2018 by Jason ContantOne Canadian insurer is not waiting for consumer take-up of its flood insurance coverage — it is automatically tacking the endorsement onto the policies of eligible clients who live in low-risk areas. Desjardins General Insurance Group (DGIG) told Canadian Underwriter…
Mobile app offers an ounce of prevention to P&C insurance consumers
March 22, 2018 by Jason ContantAs Canada’s wireless providers prepare to provide mandatory smartphone alerts for natural disasters and other emergencies, Desjardins General Insurance Group (DGIG) will soon allow its customers access to a severe weather alert system through mobile apps. This week, the Canadian…
Desjardins’ weather alerts: sign of a preventative insurance model?
March 19, 2018 by Jason ContantDesjardins General Insurance Group (DGIG) will soon launch severe weather alerts allowing consumers to take pre-emptive steps to protect their property from potential damage. The move is indicative of a larger trend towards a preventative insurance model, as found in…
Desjardins outlines 18-month plan to re-brand State Farm
November 22, 2017 David Gambrill, Editor-in-ChiefState Farm’s brand name in Canada will transform to Desjardins Insurance over an 18-month phased transition period starting in May 2018 and concluding by late 2019, Desjardins executives told Canadian Underwriter Wednesday. The re-brand will put the Desjardins Insurance name…
A.M. Best reports spike in Canadian investment in U.S. insurance market
September 1, 2017 by Canadian UnderwriterThere is a “growing interest” among Canadian property and casualty insurers in the United States market, while on this side of the border, Aviva plc has became the Number 2 P&C insurer in Canada and the loss ratio in Canadian…
Impact of Fort McMurray wildfire softened by reinsurance risk sharing: DBRS
April 26, 2017 by Canadian UnderwriterMost Canadian insurers were able to generate positive underwriting results in Alberta through their use of reinsurance risk sharing following the Fort McMurray wildfire, credit ratings agency DBRS Limited said in a commentary released on Wednesday. The commentary, titled 2016…
Desjardins Group and the Desjardins Group Pension Plan invest more than $1 billion in renewable energy and clean technologies
April 24, 2017 by Canadian UnderwriterDesjardins Group and the Desjardins Group Pension Plan (DGPP) announced on Friday that they have invested more than $1 billion in renewable energy and clean technologies. The financing came from Desjardins Group’s Capital Market Division and equity investments from the…