The “connected world” is the focus of InsureMy Ltd., a Calgary brokerage specializing in telematics and headed by Hugh McTavish.
Digital technology is poised to transform the property and casualty insurance industry both here at home and abroad. Canadian carriers that take steps today to address trends will move from having a digital consumer strategy to having an overall business strategy that is digital.
As a bread delivery driver in the 1950s, Larry Gilbertson’s career choices were wide open. Interested in many things, the six-decades insurance veteran availed himself of quite a few of those choices.
In today’s data-rich environment, property and casualty insurers have an unprecedented opportunity to move beyond a one-size-fits-all approach, and tailor newer, more profitable offerings based on each customer’s usage and needs. The key to future profits may lie buried in the data that insurers already have.
1 Bob Fitzgerald [1] has been appointed chief executive officer of SCM Insurance Services, succeeding founder and chief executive officer Larry Shumka, who will become the firm’s first-ever executive chairman. Most recently president of SCM Insurance Services’ adjusting and claims…
Insurers in Alberta and British Columbia are obligated to provide notice of limitation periods to claimants. But a recent ruling out of Alberta makes reasonably clear that insurers in the province are not under an obligation to provide notice of limitation periods for claims with which they became aware prior to July 2012.
The Internet of Things is a bridge between the old economy of bricks, mortar and physical objects and the new economy of mobile devices, data networks and analytic engines. It is estimated that billions of “things” will be linked to the Internet within the next five years through sensors located in cars, homes and businesses. How will this connectivity and data affect insurance companies, brokers and consumers?
1 The Canadian Independent Adjusters’ Association (CIAA) has announced that Albert Poon [1a] has replaced David Porter [1b] as CIAA president. Poon, who had been CIAA’s 1st vice president, is director of operations at Cunningham Lindsey Canada Claims Services Ltd.…
A recent KPMG survey on risks and opportunities in the Canadian insurance sector shows both some familiar patterns and some surprises. Management of both, however, is necessary to ensure the insurance industry evolves as rapidly as the risk environment it faces.
A 2014 ruling by the Court of Appeal for Ontario, which considers the province’s “pay first, dispute later” regime for insurance, demonstrates the importance of substance over convenience in determining what contracts fall within the ambit of this regime.
One goal for Ted Harman – who keeps himself busy running a brokerage in Montreal while also serving local, provincial and national organizations – is to make it easier for brokers to send data from their computer systems to those of insurers.
1 Aviva Insurance Company of Canada has announced that Sharon Ludlow [1] is the company’s new president, effective June 17. Ludlow’s last position was as president and chief executive officer of Swiss Re in Canada. In the newly created role…