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One politician’s idea for reducing the severity of school bus crashes

March 1, 2019 by Greg Meckbach

Seatbelts with shoulder harnesses should be mandatory on all school buses, an opposition member of Ontario’s provincial parliament told Canadian Underwriter Friday. “We should have the use of three-point seat belts on school buses to prevent injury and even death,”…

News Insurance

Why some homeowners aren’t buying flood insurance

March 1, 2019 by Greg Meckbach

Overland flood insurance might be easier to sell if homeowners could figure out how vulnerable their properties are. “What would be most useful for homeowners is they would be able to search their postal code or property address and be…

News ClaimsLegal

 Latest Canadian statistics on slips and falls on ice

February 28, 2019 by Adina Bresge - THE CANADIAN PRESS

All it took was one foul step, and Ahsher Zeldin was in for at least a week of pain. Last Thursday, Zeldin was taking his two dogs out for an early morning stroll in north Toronto when a patch of…

News Technology

The new, darker social engineering threat

February 28, 2019 by Jason Contant

Need another reason to convince your clients to take a look at cyber insurance? One good starting point is keeping them informed on the latest cyber threats. One such risk is a new, darker strain of social engineering called “sextortion”…

News EmploymentInsuranceTechnology

This technology can help attract talent

February 28, 2019 by Greg Meckbach

Using technology like artificial intelligence can help insurers attract the right people and keep them engaged, suggests the head of a major Canadian insurer. “It’s a tough talent market right now across the leading insurance markets in the world. Canada…

News Commercial LinesInsuranceTechnology

Why the insurance industry needs a “killer use case” for blockchain

February 28, 2019 by Jason Contant

The insurance industry needs a “killer use case” for blockchain that all stakeholders can agree on before moving forward with more widespread adoption, a speaker suggested Wednesday at the Insurance-Canada.ca Technology Conference. “I think we are still on that journey…

News Insurance

What this insurer did to address IFRS 17 requirements

February 27, 2019 by David Gambrill

SSQ Insurance has partnered with analytics firm SAS to help further their efforts towards IFRS 17 compliance. The new International Financial Reporting Standard (IFRS 17) standardizes reporting requirements for financial firms internationally, with the intent to improve financial transparency. But…

News Insurance

What real-time, broker-carrier connectivity might cost

February 27, 2019 by David Gambrill

Ninety insurance companies working with Ontario’s broker channel would be looking at a total investment of $4 billion over five years to conform to the CSIO XML standards required for an industry-wide, real-time data exchange solution between brokers and carriers.…

News InsuranceMarkets / Coverages

This global carrier could re-enter the Canadian retail insurance market

February 27, 2019 by Greg Meckbach

Seventeen years after selling its personal lines business to the insurer now known as Intact, Zurich Canada has ambitions to re-enter the “retail” space, but it remains to be seen how it would do that or what form it would…

News InsuranceTechnology

This AI tool is a ‘huge priority’ for some insurers

February 27, 2019 by Greg Meckbach

Chatbots are getting better at answering questions, and many Canadian insurers are taking a serious look at the technology, a fintech analyst said Tuesday. “Quite a few of the major insurers in North America are looking to chatbots as a…

News Insurance

Paid 3 Ways Small Businesses Can Stay Compliant Under Federal Privacy Laws

February 27, 2019 by David Smagata, DAS

How can small businesses stay compliant under PIPEDA? The Office of the Privacy Commissioner of Canada has published various online resources for both individuals and businesses to help better understand their obligations under the Personal Information Protection and Electronic Document…

News Insurance

Alberta extends deadline for farm workers to get mandatory truck driver training

February 27, 2019 by THE CANADIAN PRESS

EDMONTON – The Alberta government is extending a deadline for farm workers to get new mandatory truck driver training. A coalition of the province’s agriculture producers had expressed concerns about the March 1 deadline. The group said a lot of…