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Keyword
telematics

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New program aims to bring high-risk drivers back to standard market

July 22, 2022 by Alyssa DiSabatino

Facility Association (FA) is launching a video-enabled telematics program for Ontario taxi drivers, and it may see participants earn their way back to the standard market.  The program, effective Dec. 1, 2022, is meant to help drivers improve their driving

driving car on highway, close up of hands on steering wheel
News InsuranceMarkets / CoveragesRiskTechnology

What the post-pandemic commute means for auto insurers

June 30, 2022 by David Gambrill

Canadians who relocated to suburban and rural areas to work during the pandemic are driving longer distances upon returning to work, and plan to use their cars for the work commute more often in the future, a new Aviva Canada

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Paid How Consumers Can Be in the Driver’s Seat When It Comes to their Auto Insurance

June 1, 2022 Phil Gibson; EVP and Managing Director, Personal Insurance, Aviva Canada

With warmer weather, many of us are thinking of spending more time outdoors, and for some this includes taking a cross country road trip. We’ve noticed that driving activity has been returning to pre-pandemic levels, and with inflation and gas

Construction crane in downtown Vancouver
News Insurance

Where Aviva Canada CEO sees commercial and auto lines heading

March 2, 2022 by Jason Contant

Pressures on commercial insurance rates will continue for the near future, but there will still be opportunities to write new business, says Jason Storah, CEO of Aviva Canada. As for auto lines, it remains to be seen how driving levels

News Insurance

How far telematics can reach in assessing risk

April 26, 2021 by Jason Contant

The use of telematics is expanding beyond traditional vehicles and tracking methods to increasingly focus on contextual risk, a speaker said Friday at the InsurTech North virtual conference. Traditional telematics devices measure driving behaviours such as speed, time of day

News Insurance

Video-based telematics? Car subscription services? The future of auto insurance is already here

April 23, 2021 by Jason Contant

Increased use of video-based telematics in the commercial fleet space, as well as the evolution of car subscription services, are just two ways in which the Canadian insurance market could change over the next few years. Panellists discussed their predictions

News Insurance

Why more auto insurers may opt for UBI

March 30, 2021 by Greg Meckbach

Ontario motorists can expect to see more insurers offering telematics now that the province is allowing carriers to impose surcharges on risky drivers. “The bottom line is that insurance companies always want to find the right price for a risk

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How COVID has influenced usage-based auto insurance adoption

March 19, 2021 by Greg Meckbach

Motorists who are driving fewer kilometres than they were before the pandemic are more likely to select usage-based auto insurance, Intact Financial Corp. observes. “COVID has pushed consumers to recognize that maybe UBI would be a tool that will immediately

News Technology

Telematics surcharges arrive for Ontario auto

February 5, 2021 by Greg Meckbach

Ontario motorists who choose usage-based insurance could now be hit with surcharges if telematics data shows they have risky driving behaviour. The Financial Services Regulatory Authority (FSRA) removed its UBI Guidance this past November, a FRSA spokesperson told Canadian Underwriter

News ClaimsInsuranceTechnology

Telematics: Who’s jumping into the pool and who’s watching from the deck

January 28, 2021 by Greg Meckbach

Auto insurers are taking a variety of approaches to telematics: Some are observing from the sidelines, while others report growing interest from consumers. The Travelers Companies Inc. introduced IntelliDrive in Canada last week, as Michael Klein, president of personal insurance

News Insurance

Smartphones are problems, but here’s how they can help reduce driving risk

January 22, 2021 by Adam Malik

This could be the year telematics driving data actually provides meaningful information — and change — to insurers and drivers alike, allowing risk to be underwritten more accurately, experts predict. To pull that off, smartphones will be a critical tool

News Insurance

Where auto insurance rate could go this year

January 11, 2021 by Adam Malik

Auto insurance rates on the whole have softened thanks to the COVID-19 pandemic. But as vaccines offer a glimmer of hope of a return to something resembling pre-crisis normal, it’s up in the air as to what will happen to