Canadian Underwriter

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P&C Companies


News InsuranceMarkets / CoveragesTechnology

The insurance implications of digital healthcare

March 5, 2019 by Jason Contant

As the digital healthcare market continues to evolve, the insurance industry in Canada should consider gaps or exclusions in current policies and the need for a bespoke option. Digital healthcare will include a focus on two areas: Telemedicine – remote

News InsuranceLegislation / Regulation

Insurer reveals distracted driving punishment statistics

March 5, 2019 by Greg Meckbach

Saskatchewan police impounded 87 vehicles because the driver was distracted, the province’s auto insurer announced. It is illegal in Saskatchewan to hold, view or manipulate an electronic communication device while driving. There is an immediate roadside vehicle impoundment if the

News AppointmentsInsuranceProfessional Development

Maurice Tulloch appointed CEO of Aviva plc

March 4, 2019 by Jason Contant

Maurice Tulloch, the former president and CEO of Aviva Canada from 2009-13, has been appointed CEO of the London, U.K.-based Aviva plc, effective Monday. Tulloch joined Aviva in 1992 and was appointed to the board of Aviva plc in June

News Technology

The new, darker social engineering threat

February 28, 2019 by Jason Contant

Need another reason to convince your clients to take a look at cyber insurance? One good starting point is keeping them informed on the latest cyber threats. One such risk is a new, darker strain of social engineering called “sextortion”

News EmploymentInsuranceTechnology

This technology can help attract talent

February 28, 2019 by Greg Meckbach

Using technology like artificial intelligence can help insurers attract the right people and keep them engaged, suggests the head of a major Canadian insurer. “It’s a tough talent market right now across the leading insurance markets in the world. Canada

News InsuranceMarkets / Coverages

This global carrier could re-enter the Canadian retail insurance market

February 27, 2019 by Greg Meckbach

Seventeen years after selling its personal lines business to the insurer now known as Intact, Zurich Canada has ambitions to re-enter the “retail” space, but it remains to be seen how it would do that or what form it would

News InsuranceTechnology

This AI tool is a ‘huge priority’ for some insurers

February 27, 2019 by Greg Meckbach

Chatbots are getting better at answering questions, and many Canadian insurers are taking a serious look at the technology, a fintech analyst said Tuesday. “Quite a few of the major insurers in North America are looking to chatbots as a

News AdjustersInsurance

The advantage of recruiting non-insurance workers as claims professionals

February 26, 2019 by Greg Meckbach

For independent adjusters, the need to replace retiring workers is becoming more urgent. “A number of our front-line adjusters are very senior, very talented and experienced,” said Paul Féron senior vice president for Ontario and Manitoba at ClaimsPro LP. “In

News InsuranceTechnology

How Zurich can use AI to reduce a broker’s E&O exposure

February 25, 2019 by Greg Meckbach

A Toronto-based artificial intelligence (AI) vendor is working with Zurich Canada to reduce errors and omissions risk in commercial insurance policies. Often commercial policies have dozens of pages with several endorsements, which someone needs to read for accuracy before the

News ClaimsInsuranceMarkets / Coverages

The latest way cyber-criminals are attacking your clients

February 25, 2019 by Jason Contant

Cyber criminals are adapting their methods by using ransomware in targeted extortions, often with more severe and costly results than indiscriminate attacks. Targeted extortion is when cyber criminals set their sights on a particular, vulnerable organization and look to extort

News Insurance

How much business Sonnet writes for Economical

February 22, 2019 by Greg Meckbach

Direct writer Sonnet accounted for about 5% of Economical Insurance‘s premiums in 2018, the Waterloo, Ont. mutual reported Thursday. “While Sonnet requires additional scale to achieve profitability, we now have sufficient insights and experience to improve performance, and we have

News ClaimsInsuranceMarkets / CoveragesReinsurance

One solution for non-damage business interruption

February 21, 2019 by Jason Contant

Parametric insurance can help fill a gap in some policies by covering non-damage business interruption, a speaker said Tuesday at AXA XL’s Fast Forward LIVE event in downtown Toronto. Caused by a variety of factors, including severe weather conditions, non-damage