Canadian Underwriter

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Risk Management


News InsuranceRiskTechnology

Could smart cities be held liable for driverless car crashes?

September 27, 2018 by Jason Contant

Fully autonomous vehicles that communicate with other vehicles and city infrastructure will create a brand new exposure for insurers and municipalities. Traditionally, when there is a pedestrian bodily injury claim from a vehicle accident, there is two parties – the

News InsuranceLegislation / RegulationMarkets / Coverages

How this province is limiting the scope of cannabis risk

September 27, 2018 by Jason Contant

Ontario will soon introduce legislation defining the scope of recreational marijuana use, just weeks before the federal government is scheduled to legalize pot on Oct. 17. The governing Progressive Conservative Party is introducing a tightly-regulated regime in which municipalities will

News Risk

Air Canada pilots say near-collision a wake-up call on pilot fatigue

September 27, 2018 Ross Marowits - THE CANADIAN PRESS

TORONTO – A near-collision of an Air Canada jet at San Francisco’s airport should be a wake-up call for the federal government to adequately address pilot fatigue for overnight flights, the union representing the airline’s pilots said Wednesday. “I don’t

News InsuranceProfessional Development

Maybe men aren’t such bad multi-taskers after all

September 26, 2018 by Jason Contant

Despite popular stereotypes, women are not better multi-taskers than men, suggests a new blog from Harvard Business Review. “We cannot exclude the possibility that there are no sex differences in serial multitasking abilities, but if they exist, such differences are

News LegalRisk

Some Canadian police forces question roadside marijuana testing devices

September 26, 2018 Laura Kane - THE CANADIAN PRESS

VANCOUVER – Some Canadian police forces are hesitant to use a federally approved roadside test for marijuana impairment, raising questions about the Liberal government’s decision to give the devices the green light. Vancouver’s police department is among those that won’t

News RiskTechnology

How cyber risk managers can detect something that does not look right

September 25, 2018 by Greg Meckbach

Machine learning – which some brokers use to make chatbots – can also help companies improve cyber risk by flagging abnormal activity. Machine learning is a type of artificial intelligence, which mimics human cognition and activities, such as identifying patterns.

News InsuranceTechnology

Canadian firms fall behind in adoption of artificial intelligence: Forbes

September 25, 2018 The Canadian Press

MONTREAL – A new report says artificial intelligence deployment has not yet been a “real success” for Canadian companies, in spite of the country’s reputation as an AI hotbed. The study from Forbes Insights ranks Canada last out of 10

News Risk

Cirque du Soleil’s director of risk management receives top honours

September 24, 2018 by David Gambrill

Michel Rodrigue, Cirque du Soleil’s director of risk management and insurance, has received this year’s Donald M. Stuart award, Canada’s highest honour for risk management. Based in Montreal, Cirque du Soleil is an entertainment company that produces spectacular theatrical shows

News InsuranceReinsuranceTechnology

How blockchain can help fight insurance fraud

September 24, 2018 by Jason Contant

Blockchain for insurance has various oft-touted benefits – reduced costs and simpler and faster transactions, among them – but it can also be used to combat fraud, said David Verbeeten, a domain expert in insurance at software company ConsenSys. Verbeeten

News InsuranceRiskTechnology

Is technology creating an ‘underwriter in a box’?

September 22, 2018 by Jason Contant

We often hear how the property and casualty insurance industry is slow to adopt technology, but is it possible the industry is actually becoming overly reliant on technology? Yes, said Neil Mitchell, CEO of Player’s Health Cover and former managing

News BrokersClaimsInsuranceLegislation / RegulationRisk

How commercial insurers are addressing this D&O coverage gap

September 21, 2018 by Greg Meckbach

If your corporate client goes under and occupies polluted land, what happens if individual directors are left on the hook to clean up environmental contamination? This is the subject of “long, complex discussions” that Aon Canada brokers are having with

News InsuranceMarkets / Coverages

Legal pot sales could reach $1 billion in fourth quarter: Statistics Canada

September 21, 2018 The Canadian Press

OTTAWA – Statistics Canada forecasts Canadians could spend more than $1 billion on legal cannabis between October and December this year once marijuana for adult use is legalized on Oct. 17. The agency estimates that the amount spent on legal