Why the pandemic hit these Canadian sectors particularly hard
August 16, 2022 by Jason ContantHospitality was the sector hardest hit by the pandemic in Canada, but that industry was already challenged with access to capacity prior to both the pandemic and the current hard market, Deloitte said in a recent report. The impacts of…
Why insurance should care about blockchain
August 9, 2021 Canadian Underwriter StaffA recent report from Deloitte details the benefits and threats of blockchain technology in P&C insurance, from improving underwriting and reducing fraudulent claims to challenging the status quo. “Given its ambitious potential to drive simplicity and efficiency through the establishment…
The opportunity in telematics that awaits insurers
November 9, 2020 by Adam MalikAs more connected vehicles enter the automotive space, there’s a great opportunity for insurers to offer drivers more than a score based on their driving habits. Instead, said an industry observer, carriers can offer a greater array of services and…
How directs may gain the edge when drivers purchase a car
October 13, 2020 by Adam MalikInsurers need to form stronger bonds with various ancillary organizations involved in a car purchase, so that insurance isn’t the last thing on a consumer’s mind at the end of the deal, says an industry consultant. But in seeking out…
The next revolution in telematics: An insurer partners with an automaker to collect data
October 7, 2020 by Adam MalikAn American auto insurer has partnered directly with a car manufacturer to get access to driver data and provide insurance coverage based on that information — and one Canadian expert thinks it’s a viable idea that could gain traction here.…
What brokers should consider when looking at insurtech offerings
January 22, 2020 by Greg MeckbachBrokers looking for a relatively cheap way of upping their game online should check some of the hundreds of insurtechs on the market, but it’s important to know what those insurtechs do and do not provide. If you are a…
Potential opportunity in mining insurance
December 5, 2019 by Greg MeckbachInsurers and brokers looking for new opportunities should consider covering a mining firm’s legal obligation to restore a site once the operation has closed. “In the Canadian market there is probably an emerging opportunity on this front,” Ben-Schoeman Geldenhuys, a…
How to keep Amazon and Google from eating your lunch? Think retail….
October 3, 2019 by Adam MalikRather than worrying about the insurance product you’re trying to sell, think about how you’re servicing customers instead. Mukul Ahuja, a partner at Deloitte Canada, discussed a recent study from the business advisory firm about the need to think about…
Why risk managers need to go beyond heat maps
August 15, 2019 by Greg MeckbachRisk managers using colour-coded heat maps may be pressed by their bosses for more specific information on their exposures, a new risk management expert at KPMG Canada suggests. Heat maps are a way for risk managers to report risks to…
Flying cars may appear in urban skies by 2023
December 17, 2018 Christopher Reynolds - THE CANADIAN PRESSThe flying cars depicted in science fiction classics such as “Blade Runner” and “The Fifth Element” have long been seen as flights of fancy, but their arrival is closer than you think. At least a dozen companies are prototyping or…
How to carve out more time to advise your small business clients
October 14, 2018 by Greg MeckbachSmall business clients want to spend less time filling out insurance application forms and more time getting advice from their brokers, an insurance technology expert says. “Unlike personal insurance, where there is more propensity to go direct, small business owners…
Desjardins Group part of new Canadian cybersecurity collective
September 12, 2018 by Jason ContantMONTREAL – Security-minded consumers will soon have access to a free app designed to protect their data from cybersecurity threats. The digital app, called Protection, is designed to help users detect security breaches and scamming attempts in their emails, texts…