Canadian Underwriter

Keyword
Sharing Economy

News Insurance

A ‘creative’ way of rolling out vehicle sharing insurance

June 18, 2019 by Greg Meckbach

Insurance for the recreational vehicle sharing economy is now available in Nova Scotia, RVezy Inc. announced Tuesday. Ottawa-based RVezy operates RVezy.com, a website that matches owners of recreational vehicles with renters. There are more than two million RVs in Canada and

News InsuranceMarkets / Coverages

Why insurers want P&C group insurance in Quebec

August 24, 2018 by Jason Contant

The Insurance Bureau of Canada (IBC) is calling for the creation and regulation of P&C group insurance in Quebec. P&C group insurance allows for a number of people, or a group, to be insured in a single contract. For example,

Feature Claims CanadaInsurance

Traditional homeowners’ insurance on a collision course with the sharing economy

November 3, 2017 Laura L. Emmett and Kaitlyn E. Armstrong

The Rise of the Sharing Economy Consumers are increasingly interested in leasing and sharing products rather than buying and owning them. The aptly named “sharing economy” is growing rapidly, fueled in part by social media, which facilitates communication between peers

News InsuranceMergers and AqcuisitionsTechnology

Platform provider revenues for sharing economy forecast to double in 2022: Juniper Research

July 24, 2017 by Canadian Underwriter

The move by established sectors to press their first-mover advantage looks poised to push growth in the sharing economy much higher over the next five years, reaching US$40.2 billion in 2022, notes a new research report released Monday by U.K.-based

News InsuranceMarkets / CoveragesTechnology

Intel predicts autonomous driving will spur new ‘passenger economy’ worth US$7 trillion by 2050

June 2, 2017 by Canadian Underwriter

Technology company Intel Corporation is predicting that autonomous driving will cause a new “passenger economy” to emerge to support the idle time when drivers become riders, an economy that will be more than twice the size of the “sharing economy.”

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

New Insurance Institute webinar to explore the sharing economy as an “opportunity and a threat” for Canadian p&c industry

May 30, 2017 by Canadian Underwriter

The Insurance Institute of Canada (IIC) will host a webinar examining the sharing economy as both an opportunity and a threat to the Canadian p&c industry. The webinar is scheduled for June 14 at 1 p.m. EDT. It offers “future-forward

News InsuranceLegislation / RegulationMarkets / CoveragesProductsTechnology

Canadians want more regulatory review of emerging technologies: Accenture

May 25, 2017 by Canadian Underwriter

Canadians prioritize regulatory reviews of drones, autonomous vehicles and online user agreements above those of other emerging technologies, according to new research from global professional services company Accenture. For the research, an Ipsos I-Say panel interviewed a sample of 1,003

News CatastrophesInsuranceMergers and AqcuisitionsTechnology

Technology advances to change insurance value chain, offers chance to reboot

May 19, 2017 by Angela Stelmakowich

Technology advances will likely affect – perhaps even eliminate – some current roles in the insurance value chain, but should be regarded as an opportunity to focus more on value-added services and getting a seat at the table where new

News AssociationsInsuranceMergers and AqcuisitionsTechnology

Autonomous vehicles coming, but auto books will not disappear any time soon: CIAA event speaker

April 17, 2017 by Angela Stelmakowich

Autonomous vehicles are coming, but there is no need for property and casualty insurers to panic that their auto books are going to quickly disappear, Andrew Lo, president and chief operating officer of Kanetix Ltd., said Thursday at the Canadian

News InsuranceLegislation / RegulationProfessional DevelopmentTechnology

Sharing economy not fully served by insurance industry, but opportunity is there: Kovacs

April 9, 2017 Jason Contant, Online Editor

The sharing economy is not fully served by the insurance industry right now, but the opportunity is there, Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction, said on Thursday at the CIP Society Symposium 2017.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Satisfying unmet customer needs key to helping prevent disruption: CIP Symposium speaker

April 7, 2017 Jason Contant, Online Editor

If the insurance industry doesn’t start meeting unmet customer needs and responding to trends like the sharing economy, new entrants will likely continue to disrupt the industry, attendees to the CIP Society Symposium 2017 heard on Thursday. “The big risk

News InsuranceMergers and AqcuisitionsReinsuranceTechnology

Encouraging signs around insurance awareness on a global scale: Swiss Re’s Ojeisekhoba

April 5, 2017 by Angela Stelmakowich

Much remains to be done to bolster awareness, availability and take-up of p&c insurance on a global scale, but there are encouraging signs in play that may be further advanced by use of technology, Moses Ojeisekhoba, chief executive officer, reinsurance