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These two provinces now have storm surge and overland flood coverage

January 7, 2019 by Jason Contant

Homeowners in Quebec now have storm surge coverage available, while homeowners in Manitoba are covered for overland flood damage, The Co-operators said Monday. Storm surge, which includes rising water levels and waves caused by storms, presents a significant flood risk,

News InsuranceProductsProfessional Development

Innovation hub for on-demand insurance products opens in Toronto

December 20, 2018 by Jason Contant

An insurance cloud platform provider has opened an “innovation hub” in downtown Toronto to “ideate, experiment, test and deploy” new on-demand insurance products. Slice Labs announced Wednesday the opening of the Slice Launch Studio for the company and its partners

News MGAsProductsRiskTechnology

Exclusive partnership will extend MGA’s cyber offerings

November 21, 2018 by Jason Contant

Managing general agent Burns & Wilcox has announced an exclusive partnership with a cybersecurity company to pair its specialty insurance products with data breach monitoring and notification services. The partnership with London, UK-based BreachAware, which specializes in data breach research

News InsuranceProducts

Home-sharing insurance coverage expanding

November 20, 2018 by Greg Meckbach

Clients in Saskatchewan, Manitoba and Atlantic Canada who rent out their homes like hotels will soon get coverage options through an insurtech partnership involving Slice Labs. The Co-operators Group Ltd. announced Tuesday that Duuo is expanding to more provinces. Duuo

News InsuranceMarkets / CoveragesProducts

Direct damage coverage available for cannabis product movement

November 2, 2018 by Jason Contant

A United States-based underwriter of marine cargo coverage has entered the Canadian cannabis market with a product that provides direct damage coverage to goods moving through the supply chain. North Kingstown, RI-headquartered Falvey Cargo Underwriting, which has a Canadian office

News InsuranceProductsTechnology

New app centralizes and digitizes the entire insurance lifecycle

November 1, 2018 by Jason Contant

An artificial intelligence company based in Montreal has launched an application to centralize and digitize the entire insurance lifecycle. Koïos Intelligence, which develops AI tools designed specifically for the finance and insurance industries, unveiled Olivo at the Fintech Forum at

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Carproof vehicle data provider gets new name in Canada

November 1, 2018 by Greg Meckbach

Data provider Carproof Corp. is now known as Carfax Canada, parent firm IHS Markit Ltd. announced Thursday. Carfax – whose target market includes the auto insurance industry – collects data on vehicles so prospective buyers can find out whether they have

News BrokersInsuranceProducts

Wawanesa brings U.S. learnings to Canadian brokers

October 21, 2018 by David Gambrill

Brokers can learn a valuable lesson from Wawanesa’s $9.5-million investment in an online platform to provide direct-to-consumer quotes for rental insurance, the company’s president of Canadian P&C operations told brokers attending the 2018 IBAO Conference last week. Don’t try replicating

News BrokersInsuranceProductsTechnology

A new, faster way to show your clients their options

October 14, 2018 by Jason Contant

Brokers in Canada have a technology platform available that allows them to customize different insurance coverages, or offer next-day service, through a self-serve app. The app provides a base quote for a customer. The broker can then use sliders to

News InsuranceMarkets / CoveragesProducts

How SSL Endeavour is streamlining access to the Lloyd’s market

October 3, 2018 by David Gambrill

SSL Endeavour in Canada is streamlining access to the Lloyd’s market by rolling out its Advantage claims management platform, allowing Canadian coverholders and TPAs to input claims data directly into London’s central systems. Streamlining the claims process is a priority

News InsuranceProducts

The Co-operators launches digital brand, new product

September 20, 2018 by Jason Contant

The Co-operators new digital insurance brand, duuo by co-operators, has launched its first product – on-demand, pay-per-use insurance for homesharing hosts. Guelph, Ont.-based Co-operators launched the product Tuesday, two months after the insurer said it was partnering with New York

News InsuranceMGAsProducts

Expanded coverage for landlords’ risks

September 18, 2018 by Jason Contant

Managing general agent APRIL Canada announced Tuesday it has launched what it is calling the “only” unpaid rents and damage insurance for landlords in Ontario and Quebec. Historically, these two risks are not addressed by current insurance offerings, as insurers