Segment
Consumers
Quebec revising winter tire rules; incentive based approach suggested for elsewhere
December 1, 2017 Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – Quebec will reportedly bring forward the mandatory date by which winter tires must be put on all vehicles in the province and also increase fines for those who don’t follow the rules. It remains the only Canadian jurisdiction…
Provincial brokers hearing consumer demand for electronic pink slips
November 23, 2017 Greg Meckbach, Associate EditorNova Scotia motorists will probably get permission early next year to present electronic proof of auto insurance without having to carry paper pink slips in their vehicles, the president of the province’s broker association predicts. Insurance Brokers Association of Nova…
Are Lyft drivers insured like Uber drivers?
November 21, 2017 Jason Contant, Online EditorGiven Lyft’s promised arrival in Canada by the end of the year, insurance coverage for the ride-sharing service remains a big question mark. “I am concerned because I have not yet heard that Lyft has contracted with anyone to provide…
How A.I. can help brokers deal with their carriers
November 19, 2017 David Gambrill, Editor-in-ChiefBrokers are excited about the potential of artificial intelligence (A.I.) to help streamline interactions—not just between brokers and consumers, but also between brokerages and insurance companies. Chatbots are often cited as an A.I. tool to help brokerages automate and streamline…
New policy designed to simplify cyber risk management
November 14, 2017 by Canadian UnderwriterBerkshire Hathaway Specialty Insurance (BHSI) has launched a cyber insurance product in Canada that combines cyber liability and breach response coverage with risk management resources for commercial enterprises and financial institutions. “Our new policy simplifies the complex endeavour of managing…
New Editor-in-Chief for Canadian Underwriter as veteran journalist David Gambrill returns
November 13, 2017 Canadian UnderwriterTORONTO, Nov. 13, 2017 /insPRESS/ – Newcom Business Media Inc. is pleased to announce the appointment of David Gambrill as Editor-in-Chief of Canadian Underwriter. “David is an award-winning writer and editor who’s arguably Canada’s most experienced and knowledgeable insurance journalist,”…
Insurer exploration of artificial intelligence accelerating: InsurTechTO speaker
November 7, 2017 by Angela StelmakowichIt is still “early days” for most insurers in Canada when it comes to employing artificial intelligence (AI), but exploration and use of the techniques is accelerating very quickly, Greg McCutcheon suggested Monday during InsurTechTO in downtown Toronto. “I would…
Canada ‘easily’ on track to hit record vehicle sales in 2017 after strong October
November 3, 2017 The Canadian Press (CPSTF)RICHMOND HILL, Ont. – DesRosiers Automotive Consultants says annual vehicle sales are easily on track to cruise past two million for the first time after another record-setting month. The consulting firm says October sales hit about 164,200 vehicles for a…
Employees, employers faced with increasingly sophisticated ransomware attacks often opt to pay
November 2, 2017 by Canadian UnderwriterThe current approach to ransomware education is not sticking, with employees and employees alike opting to pay ransoms in record numbers because they do not have a firm grasp of what should be done when attacked, notes new research out…
Archway Insurance joins forces with Jack & Co. Ltd.
November 2, 2017 by Canadian UnderwriterAtlantic Canada’s Archway Insurance is joining forces with Halifax-based Jack & Co. Ltd. and its affiliate, AFC Insurance Services of Cole Harbour, in a move meant to enhance the capabilities and extend the reach for both entities. The intent of…
Auto insurance rates dropping in Ontario, but increasing in Alberta: LowestRates.ca
October 30, 2017 Jason Contant, Online EditorA newly launched Auto Insurance Price Index from comparison site LowestRates.ca has found that auto insurance rates are dropping in Ontario, but rising in Alberta. Released on Monday, the index report tracks the average cost of consumer auto insurance on…
Creating ‘the most engaging product’ is a better way to compete: IBAO speaker
October 26, 2017 Greg Meckbach, Associate EditorAdvances in telecommunications, data storage, software and artificial intelligence is making it more difficult to use cost and distribution as a competitive advantage, Google Canada’s head of marketing suggested to Ontario insurance brokers Wednesday in Ottawa. Netflix and Instagram were…