Segment
Consumers
Insurance Brokers Association of Ontario continues ‘to have multiple discussions with Aviva:’ Simpson
March 28, 2017 Greg Meckbach, Associate EditorTwo months after the Insurance Brokers Association of Ontario announced it would no longer invite Aviva Canada Inc. to participate in IBAO’s sponsorship program, the association continues to hold talks with Aviva, IBAO’s chief executive officer said Tuesday. “We continue…
Chubb to provide complimentary identity management services to Canadian personal lines customers
March 28, 2017 by Canadian UnderwriterChubb has announced a partnership with identity management and data theft service experts CyberScout to offer a fully complimentary array of identity management services to all Masterpiece homeowners in Canada. Chubb said in a press release that Cyberscout services provide…
The Guarantee launches two new water endorsements
March 28, 2017 by Canadian UnderwriterThe Guarantee Company of North America has announced two water endorsements, which came into effect on Monday for new businesses and on May 23 for renewals. The GUARANTEE GOLD H2O+ and Guarantee SUPERIOR H2O+ endorsements are comprehensive, read-in coverage that…
Canadians believe businesses working to protect personal information, but cybersecurity concerns linger: fraud survey
March 27, 2017 by Canadian UnderwriterThere is a sharp drop in the number of Canadians expressing concern about identity theft this year compared to last year, and Canadian businesses are working to protect personal information of customers, a new survey conducted for the Chartered Professional…
Risk management overhaul necessary for cities to become more resilient to catastrophic events: report
March 27, 2017 by Canadian UnderwriterOfficials for cities, investors and insurers will increasingly need to “build resilience within and between infrastructure systems as a complementary approach to address infrastructure risk and uncertainty,” argues a new report from Lloyd’s and Arup. “While risk management remains a…
Toronto Transit Commission probes potential future use of automated vehicles
March 24, 2017 by Canadian UnderwriterThe Toronto Transit Commission (TTC) is recommending to its board that staff continue to monitor the technological and legislative progress of automated vehicles (AVs) and report back with a recommendation for potential future use of AVs at the transit agency.…
Organizations considering standalone cyber coverage should evaluate risk profile to see if traditional policies are adequate: RIMS
March 24, 2017 by Canadian UnderwriterOrganizations considering standalone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage, suggests a newly released report from RIMS, the risk management society. The report, authored by Teri Cotton Santos, a member…
Ottawa plans to eliminate tax exemption for farm property insurers, amend anti-money laundering laws
March 23, 2017 by Canadian UnderwriterThe federal government said Wednesday it is proposing to eliminate a tax exemption introduced in 1954 for insurance carriers providing property insurance for farming and fishing properties. In its budget document, the ruling Liberals suggested they want to give the…
Landmark federal investments for disaster-proofing communities, enhancing resilience: IBC
March 23, 2017 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has voiced the property and casualty industry’s strong support for the federal government’s move to beef up investments aimed at enhancing resilience by better disaster-proofing communities. As part of the 2017 Federal Budget tabled Wednesday,…
ICBC enhances online driver licensing and claims services for customers
March 22, 2017 by Canadian UnderwriterChecking wait times at driver licensing offices or the status of a claim from the Insurance Corporation of British Columbia (ICBC) can now be done online thanks to new service enhancements. ICBC said in a press release on Wednesday that…
LexisNexis Risk Solutions explores roadmap to “touchless” claims
March 22, 2017 by Canadian UnderwriterWhile some insurance carriers continue to favour traditional claims processes, the demand for faster cycle times, reduced expenses and improved customer satisfaction is driving increased automation and an eventual migration from virtual to “touchless claims,” according to a new report…
IBM and SecureKey Technologies to deliver blockchain-based network for Canadian consumers
March 21, 2017 by Canadian UnderwriterIBM and SecureKey Technologies, an identity and authentication provider company, announced on Monday that they are joining forces to “enable a new digital identity and attribute sharing network” based on IBM Blockchain. “The network will be designed to make it…