Industry
Usage-based insurance (UBI) empowers the customer and takes a lot of the complexity out of the insurance product, a speaker said Wednesday during KPMG’s 30th annual insurance conference. “Personally, I love the idea of usage-based insurance and telematics,” Celyeste Power, chief strategy officer with Insurance Bureau of Canada, said during the Reimagining Customer Experience panel at the conference. “It […]
By Jason Contant | November 19, 2021
2 min read
Editor’s Note: In honour and celebration of Women and Insurance Cancer Crusade (WICC)’s 25th anniversary, Canadian Underwriter will be publishing each Friday a personal story of someone who has been touched by WICC’s fundraising activities in support of cancer care and research. In this second part of the series, there will be five stories. Canada’s […]
By Jason Contant | November 18, 2021
3 min read
While the traditional view of claims is that it sits towards the back of the value chain, that is changing, a speaker said Wednesday during KPMG’s 30th annual insurance conference. The evolving role of claims was one of four macro (or high-level) trends discussed during the Reimagining Operations session at the virtual conference. Paul Jones, […]
ST. JOHN’S, N.L. – The cyberattack on Newfoundland and Labrador’s health-care system is yet another urgent signal that Canada needs better rules around protecting personal health information from hackers and needs a unified response plan when health-care services are under siege, experts say. Lives are at stake and action is needed now, said Paul-Emile Cloutier, […]
4 min read
Canada’s property and casualty insurance industry was already facing the oft-mentioned ‘war for talent,’ and now it has to contend with a newer talent crunch: The ‘Great Resignation.’ The widespread trend of a large number of workers leaving their jobs during the COVID-19 pandemic has made the search for P&C talent that much more difficult. […]
Brokers are struggling to support their transportation clients as a new border-crossing vaccine mandate adds to driver shortages and supply chain concerns for an industry that’s already grappling with a host of prolonged concerns, a broker has said. The recent U.S. move to open the Canada-U.S. border to both essential and nonessential travelers includes a […]
By Phil Porado | November 18, 2021
OTTAWA – Statistics Canada says the annual pace of inflation in October rose to 4.7 per cent as the consumer price index posted its largest year-over-year gain since February 2003. The increase compared with a year-over-year increase in the consumer price index of 4.4 per cent in September. The agency said Wednesday that factors contributing […]
By Jason Contant | November 17, 2021
BrokerLink has announced the acquisition of three new brokerages in Canada — one in Alberta and two in Ontario. The Intact Financial Corporation subsidiary said Monday it had acquired Alberta-based Blue Circle Insurance Brokers Ltd., as well as Ontario-based Stevenson Insurance Brokers Limited and McVey Bros. Insurance Brokers Ltd., effective Nov. 1. “These acquisitions enable […]
By Jason Contant | November 16, 2021
AGASSIZ, B.C. – Melanie Forsythe’s drive home from Vancouver to Hope, B.C., had her making at least five detours as torrential rain washed out a bridge, closed roads and trapped her overnight between two mudslides before a helicopter landed on a highway and whisked her to safety. Forsythe, who was with her boyfriend Shawn Ramsay […]
By The Canadian Press | November 16, 2021
5 min read
Canada’s association for managing general agents (MGAs) has unveiled a regulatory regime that will codify minimum business operating standards for these P&C intermediaries in Canada. The Canadian Association of Managing General Agents (CAMGA) announced the voluntary measures and membership requirements Tuesday. CAMGA managing director Steve Masnyk told Canadian Underwriter in an interview last week that […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
