Segment
Consumers
Why consumer acceptance of biometrics is good news for your clients
May 22, 2020 by Adam MalikConsumers are actually open to —and even demanding — two-factor authentication safeguards such as biometrics for their online accounts, a new study has found. Nearly three-quarters (72%) of Canadians would allow their bank to analyze behavioural biometrics, like typing speed,…
Where the federal government sits with its national flood insurance review
May 20, 2020 by Greg MeckbachSix years after the federal government promised to explore options for a national approach to home flood insurance, the feds are still thinking about it. About 13,000 were recently evacuated from Fort McMurray, Alta., because of flooding on the Athabasca…
Cyber risks involved with digital contact tracing
May 19, 2020 by Adam MalikHealth officials are recommending time-honoured techniques to help reduce the spread of the novel coronavirus. Today’s technology can make these methods more effective than they’ve ever been, a researcher argued recently, but that means people would have to sacrifice one…
Q&A: Business Continuity in the Digital Age
May 19, 2020 by David GambrillDo you have questions about how the novel coronavirus pandemic is affecting your business continuity planning? Canadian Underwriter has answers. We spoke recently with Steve Whitelaw, vice president of broker and industry partnerships at Applied, shortly after airing the first…
Opinion: How has online shopping affected insurance?
May 12, 2020 Lisa Smith and Chloe Beaini, CapcoIn the first of a two-part series, we look at what pushes people to buy online and how today’s digital realities push insurance towards commoditization Insurance markets are betting Generation Z will drive the purchasing of insurance policies online. Gen…
Why a strata corporation is on the hook for restoration costs in individual unit
May 12, 2020 by Greg MeckbachA strata corporation that tried to charge a unit owner $1,260 in water damage restoration costs has lost its case before the British Columbia Civil Resolution Tribunal. In July 2019, an outdoor water tap failed, causing water to enter a…
Open roads: Driving “fast and furious” during the pandemic
May 11, 2020 by Adam MalikOntario Provincial Police caught two different drivers this past weekend going more than twice the speed limit on highways, part of a growing trend of dangerous driving on the open roads during the pandemic — and insurers are taking notice.…
Does the winter tire discount make actuarial sense?
May 8, 2020 by Greg MeckbachWinter tires may reduce collision risk, but that doesn’t necessarily translate into a reduction in insured losses for every book of business — especially if the snow tires give motorists a false sense of security. Canada’s fifth-largest insurer recently looked…
What adopted technology will stick around after the pandemic?
May 6, 2020 by Adam MalikNow that many insurance professionals have been successful working from home, plenty of technologies they are using now are expected to stick around even after the COVID-19 pandemic subsides, according to a number of P&C experts. “The tools we’re using…
How brokerages can avoid the ‘single point of failure’ while workforce is at home
April 30, 2020 by Adam MalikBrokerages need to make sure they’re investing in technology that benefits the brokerage as a whole rather than promoting a silo-type of environment, Steve Whitelaw, vice president of industry and partner relations at Applied Systems, cautioned in a webinar recently.…
Quebec to reopen retail, construction and manufacturing businesses
April 28, 2020 THE CANADIAN PRESSMONTREAL – Premier Francois Legault says most Quebec stores as well as companies operating in construction and manufacturing will gradually be allowed to reopen in the coming weeks. Under the plan, stores outside Montreal can reopen next Monday while those…
Should removing winter tires be a priority during pandemic?
April 27, 2020 by Greg MeckbachAs summer approaches in the midst of the COVID-19 pandemic, a key question is whether motorists with winter tires are getting their seasonal tire changes. Keeping winter tires on during the summer increases the risk of aquaplaning because winter tire…