Strength in Numbers
November 3, 2017 Emily Atkins, EditorTech trends influencing claims adjusting in Canada
Auto reform an opportunity for brokers to review clients’ personal situations: IBAO president-elect
October 31, 2017 Greg Meckbach, Associate EditorA set of changes to auto accident benefits coverage is a “perfect example” of an opportunity for brokers to contact their clients and review insurance needs, the president-elect of the Insurance Brokers Association of Ontario suggested at the organization’s recent…
Analyzing near misses can help with capacity management, capital calibration: RMS, Lloyd’s
October 23, 2017 by Canadian UnderwriterInsurers and reinsurers can benefit by considering how near misses – such as an incident three months ago when an Air Canada Airbus A320 nearly landed on a taxiway with four passenger jets – might have become major disasters, Risk…
Automated online office insurance “could make brokers redundant”: B.C. brokerage
October 23, 2017 by Canadian UnderwriterA Canadian small business insurance provider, Front Row Insurance Brokers, has launched a fully automated system that allows small business owners to buy and download business liability insurance and office contents insurance policies online, without ever having to talk to…
New high-speed transportation technology Hyperloop both “feasible and insurable”: Munich Re
October 17, 2017 by Canadian UnderwriterHyperloop technology – a form of transport in which passengers and goods travel in capsules at high speeds – is both “feasible and insurable in the medium term,” according to a new report from Munich Re. The Hyperloop Transportation Technologies…
Former Governor General Johnston to help Fairfax Financial with government relations outside Canada
October 17, 2017 by Canadian UnderwriterDavid Johnston, until recently Governor General of Canada, has been hired by Fairfax Financial Holdings Ltd., the Toronto-based corporate parent of several property and casualty insurers, as a global advisor, Fairfax said Tuesday. Johnston was replaced Oct. 2 as Governor…
BlackBerry QNX self-driving car hits the road in the first Canadian street test
October 13, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – A BlackBerry QNX-equipped self-driving car hit the road in suburban Ottawa Thursday in what was billed as the first on-street test of an autonomous vehicle in Canada. The grey Lincoln MKZ pulled away with Ottawa Mayor Jim Watson,…
Product innovation extending the reach of commercial insurance: Swiss Re sigma study
October 11, 2017 by Canadian UnderwriterProduct development and innovation around data and data analytics has expanded the scope of insurance solutions to a wider range of threats and perils, and made risk transfer more efficient, Swiss Re said in its latest sigma study. Released on…
Bermuda’s global insurers, reinsurers could fund at least US$25 billion of insured losses from hurricanes
October 11, 2017 by Canadian UnderwriterBermuda market firms may fund at least a quarter of the estimated US$100 billion in aggregate insured losses from hurricanes Harvey, Irma and Maria, suggest preliminary aggregated loss estimates from the Association of Bermuda Insurers & Reinsurers (ABIR). “Based on…
B.C. researchers develop “earthquake-resistant” concrete
October 10, 2017 The Canadian Press (CPSTF)VANCOUVER – Researchers in British Columbia have developed a spray-on concrete they say will protect schools from even the strongest earthquakes and cut the cost of seismic retrofits in half. The new material will be used in the next few…
Late payments a ‘threat to the viability’ of small construction business: MPP
October 5, 2017 by Canadian UnderwriterSmall businesses in the construction industry face “undue risk” of not being paid in a timely manner, a member of the opposition Progressive Conservative party suggested to the Ontario legislature Tuesday. With late payments to construction contractors, “the issue is…
Leaf Forward launches “Canada’s first cannabis business accelerator”
October 4, 2017 by Canadian UnderwriterLeaf Forward – which describes itself as “Canada’s first cannabis business accelerator” – reported on Wednesday that it has launched successfully, hosting two founders classes, where 12 cannabis start-ups participated in a full day of “intensive mentoring” with industry leaders.…