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Mobile telematics data can offer rich insights into distracted driving and impact loss trends, Insurance Analytics Canada speaker suggests

June 28, 2017 Jason Contant, Online Editor

Mobile telematics data, while sometimes providing “noisy,” or meaningless information, can also offer rich insights on distracted driving that could impact loss trends, a speaker suggested on Wednesday at the third annual Insurance Analytics Canada Summit in Toronto. Ted Gramer,

News Earnings / RatingsInsurance

MPI posts $3.6 million net loss for first nine months of current fiscal year

January 30, 2017 by Canadian Underwriter

Manitoba Public Insurance (MPI) has recorded a net loss for the first nine months of its fiscal year ending Nov. 30, 2016, compared to posting net earnings for the same period one year earlier. MPI saw a net loss of

News InsuranceLegislation / RegulationMergers and Aqcuisitions

ICBC board finalizes terms of reference for independent review of insurance rates

January 26, 2017 by Canadian Underwriter

The Insurance Corporation of British Columbia’s (ICBC) Board of Directors (BoD) has finalized the terms of reference for an independent review of the fairness and affordability of basic insurance rates in the province, with the idea being to limit future

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Manitoba Public Utilities Board approves 3.7% “over-all” general rate increase for Basic compulsory motor vehicle premiums

December 19, 2016 by Canadian Underwriter

The Manitoba Public Utilities Board (PUB) announced on Friday that it has approved a 3.7% “over-all” general rate increase for Basic compulsory motor vehicle premiums in the province, effective March 1, 2017. “The Board found that on the evidence before

News InsuranceMergers and Aqcuisitions

Auto insurance rates rise in Ontario despite Liberal pledge to cut by 15 per cent

October 19, 2016 The Canadian Press

TORONTO – 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

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Only 10% of Ontario drivers report being “very knowledgeable” about elements of a standard auto insurance policy: FSCO-commissioned survey

June 15, 2016 by Canadian Underwriter

Only 10% of Ontario’s nearly 10 million drivers report that they are “very knowledgeable” about the elements in a standard auto insurance policy, according to a recent survey commissioned by the Financial Services Commission of Ontario (FSCO). The survey, released