What you will be insuring in 10 years (hint: not so much auto)
May 27, 2019 by Adam MalikExpect to write less auto coverage with the rise of autonomous vehicles in 10 years’ time, and more coverage related to climate change, property lines, and emerging risks. Thanks to the progress expected of autonomous vehicles, auto insurance will plateau,…
Paid 3 Ways Small Businesses Can Stay Compliant Under Federal Privacy Laws
May 27, 2019 David Smagata, DASHow can small businesses stay compliant under PIPEDA? The Office of the Privacy Commissioner of Canada has published various online resources for both individuals and businesses to help better understand their obligations under the Personal Information Protection and Electronic Document…
This brokerage is the latest to get into employee benefits
May 24, 2019 by Jason ContantA family-owned brokerage in New Brunswick has become the latest brokerage to get into the employee benefits space. Personal and commercial lines brokerage Vienneau Insurance announced earlier this week that it has expanded its commercial insurance offering by acquiring the…
Almost 3,800 businesses in three regions at risk from flooding: StatCan
May 24, 2019 THE CANADIAN PRESSOTTAWA – Statistics Canada says almost 3,800 business locations were at risk of being affected by spring flooding in three of the hardest hit regions of the country. About 1,500 were potentially affected as of the end of April in…
New cyber insurance platform offers quotes using single piece of data
May 23, 2019 by Jason ContantWhile online quote and bind systems have historically been cumbersome, one specialist insurer will soon offer a cyber insurance platform with single-question quoting capabilities. Using a single piece of client data, brokers will be able generate a cyber insurance quote…
Being offline ‘is a huge red flag’
May 22, 2019 by Adam MalikFinding a business is much simpler these days. Rather the fishing around for the yellow pages, dropping it with a loud thud on a desk and flipping through the pages, people opt for a much simpler approach – Google. Anyone…
These risks call for better models
May 22, 2019 by Greg MeckbachCommercial clients need better tools to help risk managers predict their financial exposure to climate change and geopolitical factors, Canadian risk managers say. The risk from climate change “will be pervasive and have a massive impact and it’s something that…
Why your clients may not be covered when there’s an active wildfire
May 21, 2019 by Jason ContantWith wildfire season already underway in Alberta and British Columbia, brokers will be looking at how insurance can help their clients mitigate any losses. But brokers and clients alike may not know that the ability to bind coverage could be…
How this type of client is reducing fraud risk
May 17, 2019 by Greg MeckbachBiometrics and two-factor authentication will become more popular tactics for mitigating cyber crime risk, a British Columbia credit union executive predicts. “I feel like I do a lot of biometrics,” said Marilyn Mauritz, chief transformation and governance officer at Vancouver-based…
Job hunters are changing the rules around work
May 17, 2019 by Adam MalikEmployers are being expected to offer flexible working options. And job seekers are more than happy to turn down an offer if they aren’t included. IWG, which operates virtual offices around the world, recently released its annual global study which…
Paid IoT Solutions and Claims Reductions
May 17, 2019 Eddy SolutionsAt just after 10 am on an average Thursday morning, a 20-floor apartment building in downtown Toronto experienced a leak in their riser stack between the 5th and 6th floor. The leak was detected by an IoT sensor system, which…
How career prospects are looking in risk management
May 16, 2019 by Greg MeckbachAre you one of those brokers who’s thinking of changing jobs so that you’re buying commercial insurance instead of selling it? “There is a shortage of supply [of risk managers], so if anybody is looking for a fast way to…