Canadian Underwriter

Keyword
telematics


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Use of comparison sites to buy auto, home insurance developing, but trailing in Canada and the U.S.: Finaccord

October 6, 2016 by Canadian Underwriter

The use of comparison sites to buy auto and home insurance is developing rapidly, but continues to trail in Canada and the United States relative to the United Kingdom and continental Europe, according to new consumer research from Finaccord. On

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Understanding potential disruptions to risk analysis, cost basis and distribution key to insurers’ strategies: Novarica

September 22, 2016 by Canadian Underwriter

Insurers need to understand potential disruptions to risk analysis and cost basis as well as distribution to effectively manage their strategies, suggested a new report from Boston-based research and advisory firm Novarica. The pace of technological change makes it a

News Earnings / RatingsInsuranceMarkets / CoveragesReinsuranceTechnology

Technology driving long-term transformation of the insurance industry; price levels expected to stabilize: Swiss Re

September 12, 2016 by Canadian Underwriter

Technological developments will profoundly change the way in which the re/insurance industry develops, distributes, underwrites and administers the insurance protection it sells to consumers, Swiss Re said on Monday. New technologies such as cognitive and cloud computing as well as

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Gap exists between opportunity, willingness to take part in usage-based insurance programs in U.S.: LexisNexis

August 25, 2016 by Canadian Underwriter

There is an apparent gap between polled U.S. drivers who are open to taking part in usage-based insurance (UBI) and those who are provided the opportunity to do so, suggest survey results released today by LexisNexis Risk Solutions. That disconnect

News InsuranceMergers and AqcuisitionsTechnology

Insurers should offer lower premiums to motorists who don’t use mobile phones while driving, U.K. survey finds

July 20, 2016 by Canadian Underwriter

Six in ten motor insurance policyholders in the United Kingdom say that avoiding any type of mobile phone use should be a top factor used by insurers in offering lower premiums, according to a new survey. The survey of 1,314

News InsuranceMarkets / CoveragesTechnology

U.S. telematics, UBI face market limits, value-added services may be key to growth: Novarica

July 13, 2016 by Canadian Underwriter

A focus on services-based programs, and not discounts, will be a crucial differentiator for telematics and usage-based insurance (UBI) in the United States as insurers look to increase customer adoption and market growth, research and advisory firm Novarica said in

News InsuranceMergers and AqcuisitionsTechnology

Insurance telematics policies in force in North America expected to grow from 6.3 million in Q4 2015 to 42.1 million in 2020: report

June 21, 2016 by Canadian Underwriter

The number of insurance telematics policies in force in North America is expected to grow at a compound annual growth rate (CAGR) of 45.8% from 6.3 million in the fourth quarter of 2015 to 42.1 million in 2020, according to

News InsuranceMergers and AqcuisitionsTechnology

Pembridge Insurance Company launches first telematics program through broker channel in Alberta

May 16, 2016 by Canadian Underwriter

Markham, Ont.-based Pembridge Insurance Company announced on Monday that they have launched My_BRIDGE, what they are calling the first telematics program offered through the broker channel in Alberta. Pembridge said in a press release that the usage-based insurance (UBI) offering

News InsuranceTechnology

Usage-based insurance expected to grow to 142 million subscribers globally by 2023 from 12 million in 2015, new report says

May 9, 2016 by Canadian Underwriter

Usage-based auto insurance (UBI) is expected to grow to 142 million subscribers globally by 2023, according to a new report from IHS Automotive, a part of IHS, Inc. and a source of information and insight to the global automotive industry.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Services related to telematics, not commercial vehicle itself, becoming more of a focal point

May 2, 2016 by Angela Stelmakowich

A transition is occurring in which the focus is not so much on commercial vehicles as on services, including those related to telematics, that are increasingly becoming available, Sandeep Kar, global automotive practice leader for Frost & Sullivan, suggested Friday

Daniel Strigberger, Partner, Kitchener-Waterloo, Miller Thomson
Feature InsuranceLegalLegislation / RegulationMergers and Aqcuisitions

Bates Revisited

May 1, 2016 Daniel Strigberger, Partner; and Jenna Meth, Lawyer, Samis + Company

In the early 1990s, the Supreme Court of Canada found there were no practical alternatives – as of 1983 – to rating auto policyholders on the grounds of age, sex and marital status. But would today’s telematics products, which detect acceleration, braking, and cornering, help provide such alternatives?

News InsuranceMergers and AqcuisitionsTechnology

Allowing both telematics program discounts, surcharges could secure a solid future for telematics in Canada: speaker

April 30, 2016 Angela Stelmakowich, Editor

Allowing both discounts and surcharges for all telematics programs are among the changes that could help ensure telematics has a bright future in Canada, Donald Light, director of Celent’s North America property casualty practice, suggested Thursday at Insurance Telematics Canada