The Financial Services Commission of Ontario (FSCO) has drawn a line in the sand when it comes to using telematics data for claims management, but it is not a given that line will always be in place, Blair Currie, vice…
Canadian property and casualty insurers should “expand risk advisory capabilities” and prepare for the “next wave” of corporate mergers and acquisitions, Ernst & Young LLP suggested in a report released Monday. In its 2016 EY Canadian property and casualty insurance…
Allstate Insurance Company of Canada announced Tuesday it is using telematics to provide usage-based insurance to personal lines customers in Alberta. Allstate went live April 1 with Drivewise, using technology from Huntington Beach, Calif.-based Modus Group LLC. “In Ontario, (Drivewise)…
The global insurance telematics market size is expected to grow from US$857.2 million in 2015 to US$2.21 billion in 2020, at a compound annual growth rate (CAGR) of 20.9%, according to a report by ReportLinker, a market research technology company…
Volunteering with industry associations is “about the health of the industry,” says Robyn Young, president of the Insurance Brokers Association of Alberta.