Segment
Consumers
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…
Ont. auto accident benefits shouldn’t entail ‘arguing about what care is appropriate each and every time’
October 25, 2017 Greg Meckbach, Associate EditorAddressing the problems of both Ontario’s auto insurance and workers compensation systems calls for packages of care that work for most injured people and not for cash settlements, the former chief executive officer of the Workplace Safety Insurance Board suggested…
Fire in New Westminster, B.C. results in bridge closure, power outages
October 25, 2017 by Canadian UnderwriterAn overnight fire destroyed high voltage electrical cables attached to a bridge in New Westminster, B.C., damaging power lines and affecting about 20,000 people in the city. The cable fire knocked out electricity to the neighbourhood of Queensborough, shutting down…
U.S. auto insurance customers slow to adopt digital claims reporting, J.D. Power finds
October 23, 2017 by Canadian UnderwriterDespite a nationwide advertising blitz for mobile auto insurance apps and widespread use of digital channels to purchase insurance, auto insurance customers in the United States have been slow to adopt digital claims reporting, J.D. Power reported on Monday. Its…
B.C. Green Party introduces ridesharing legislation for the third time
October 23, 2017 by Canadian UnderwriterAndrew Weaver, the leader of the B.C. Green Party, has introduced his Ridesharing Enabling Act for the third time. Weaver previously introduced the bill twice under the previous B.C. Liberal government. The bill has been modified from previous versions to…
CAA calls for provincial regulation of towing industry amid continued consumer complaints
October 18, 2017 by Canadian UnderwriterThe south central Ontario branch of the Canadian Automobile Association (CAA) is calling for provincial regulation of the towing industry following what it says are “continued instances of harrowing stories from motorists involving unscrupulous tow truck drivers on Ontario roads.”…
Ajusto program users report improved driving behaviour, Desjardins General Insurance Group says
October 12, 2017 by Canadian UnderwriterThree-quarters of polled users of Desjardins General Insurance Group’s (DGIG) Ajusto program for usage-based auto insurance have reported improved driving behaviours. Close to 75% of respondents to an online survey conducted in September said that they had improved their driving…
Octo Telematics to acquire Willis Towers Watson’s UBI assets; firms to partner on insurance-related products
October 12, 2017 by Canadian UnderwriterOcto Telematics and Willis Towers Watson (WTW) have reached an agreement in which the former will acquire the latter’s usage-based insurance (UBI) assets, setting the stage for the two companies to work together on more auto telematics opportunities. Leveraging Octo’s…
ICBC, government and police launch pedestrian safety campaign
October 11, 2017 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC), provincial government and police launched a pedestrian safety campaign on Wednesday. “Alarmingly, a disproportionate number of pedestrian-related crashes and injuries happen in just four months of the year – 43 per cent of…
Canadian auto industry seeing no reduction in accidents, but greater severity: NICC speaker
October 11, 2017 Jason Contant, Online EditorThe Canadian auto industry overall is seeing no reduction in car accidents and “big cost pressures upward on severity coming from both injuries and the repairs of cars themselves,” a speaker suggested last week at the National Insurance Conference of…
Utilities cautioned to act now to strengthen their cyber security defences: Accenture
October 5, 2017 by Canadian UnderwriterUnprepared distribution utilities are urged to immediately begin improving their cyber security capabilities given the anticipated future hike in cyber attacks and the fact that most recently polled utility executives say such an attack could interrupt electricity supply, Accenture suggests…
Connection Protection
October 4, 2017 Derrick Hughes, Vice President, Reinsurance, Assumed and Strategic Products, The Boiler Inspection and Insurance Company of CanadaThe connected home, including smart appliances, is transforming everyone’s lives. What are the challenges, risks and risk management strategies to address this transformation?