Canadian Underwriter


News InsuranceMarkets / CoveragesTechnology

Electronic proof of insurance now available, even if regulations aren’t

February 22, 2018 by David Gambrill

The Centre for Study of Insurance Operations (CSIO) has launched its My Proof of Insurance eDelivery solution, enabling CSIO members to send consumers digital policy documents (including proof of auto insurance, or ‘eSlips’) for personal and commercial lines. The announcement

News ClaimsInsuranceMarkets / CoveragesTechnology

Want to offer real-time claims payments? Start planning now

February 19, 2018 by Jason Contant

Canadian insurance companies should start to plan now how they will implement ISO 20022, an international standard that supports electronic payments, the chief operating officer of Payments Canada told Canadian Underwriter Wednesday. “Your large insurance companies… ought to be thinking

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

How red tape is bringing telematics to a standstill

February 14, 2018 by Jason Contant

Restrictions imposed on how insurers price usage-based insurance pricing (UBIP) are hampering innovation in the insurance industry, the Insurance Bureau of Canada (IBC) told Canadian Underwriter Monday. Canadian Underwriter asked IBC on Monday for examples of red tape that could

News InsuranceLegislation / Regulation

Outdated laws disallow insurers from offering digital insurance solutions: IBC

February 13, 2018 by Jason Contant

Ontario’s Insurance Act and its regulations prevent insurers from doing business and communicating with their customers through digital or mobile platforms, the Insurance Bureau of Canada (IBC) noted on Monday. Canadian Underwriter asked IBC about some of the red tape

News InsuranceMarkets / CoveragesTechnology

GM brings Maven car-sharing startup to Toronto

February 13, 2018 David Paddon - THE CANADIAN PRESS

TORONTO – General Motors Co. is bringing its Maven car-sharing business to Canada for the first time as part of the Detroit-based company’s broader strategy for navigating through a rapidly changing automotive world. Toronto will be the first city outside

News InsuranceMarkets / Coverages

LCBO chooses Shopify to run online cannabis sales

February 12, 2018 The Canadian Press

TORONTO – The Ontario government has inked a deal to use Shopify Inc.’s e-commerce platform for cannabis sales online and in stores as part of its plan to be the province’s sole distributor of legal recreational marijuana. The Ontario Cannabis

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Why are electronic pink slips being held up in Ontario?

February 8, 2018 by Jason Contant

Ontario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), is still examining some of the complexities surrounding electronic proof of auto insurance (EPAI) before approving their use in the province, offering no timetable to launch EPAI in Ontario. “As

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Insurers pushing for regulatory approval of electronic pink slips

February 6, 2018 by Jason Contant

Insurers understand the need for electronic proof of auto insurance, but don’t yet have the ability to share this information electronically, Steve Kee, director of media and digital communications with the Insurance Bureau of Canada (IBC), said in an interview

News InsuranceMarkets / CoveragesTechnology

InsurTech Growth Program launched in Canada

February 6, 2018 by Jason Contant

Aviva Canada and tech scaleup company OneEleven have partnered to launch what they call the largest InsurTech Growth Program in Canada. Ryan Spinner, head of digital and innovation at Aviva Canada, told Canadian Underwriter that insurtech is rising and its

News Markets / CoveragesTechnology

Time has come for national big data strategy

February 5, 2018 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Tech leaders are challenging the federal Liberal government to get serious about reaping the rewards of one of the next big frontiers in the information revolution: big data. Canadian CEOs and academics have been pushing Ottawa for months

News InsuranceTechnology

Senators urge feds to act on privacy, security issues with automated cars

January 30, 2018 Jordan Press - THE CANADIAN PRESS

OTTAWA – The federal Liberal government needs to take the wheel when it comes to the development and testing of self-driving cars on Canadian roads – or risk getting run over by the fast-approaching high-tech revolution, a Senate committee warns.

News Insurance

Intact responds to CU poll results

January 28, 2018 by David Gambrill

Canadian Underwriter conducted a poll of its broker readers last week. Out of the 401 responses CU received, about 80% placed business with Intact. Among the survey findings, we asked brokers to record their level of agreement with the following