Industry
The ongoing digital revolution, accelerated by the COVID-19 pandemic, will continue to have a major impact on the way brokers provide services. Canadian Underwriter’s Trusted Advisor 2021 survey found 80% of business clients and 73% of personal clients said online quoting is the most important digital service they need today. But it’s just the tip […]
By Phil Porado | November 15, 2021
3 min read
VANCOUVER – A local state of emergency has been declared in part of British Columbia’s eastern Fraser Valley where unrelenting rainfall caused flooding, mud and rock slides and the closure of highways to and from the southern Interior. Environment Canada said 225 millimetres of rain had deluged the community of Hope since the storm […]
By The Canadian Press | November 15, 2021
2 min read
truMobile eases the broker workload, improves customer accessibility Trufla Technology is a Canadian InsurTech built by brokers for brokers, a fact that justifies their biggest goal — empowering brokers. Trufla challenged the need for an innovative solution and created a tool that brought the broker experience to the next level. Emerging from that vision is […]
By Trufla Technology | November 15, 2021
CALGARY – The consequences of last summer’s searing drought are being felt on farms and ranches across the Prairies, where some livestock producers are heading into a long, cold winter with dangerously low supplies of feed and water. On his ranch near Nanton, in southern Alberta, Canadian Cattlemen’s Association president Bob Lowe said he’s fortunate […]
By Jason Contant | November 12, 2021
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 11, 2021
Old-fashioned methods by brokers for obtaining cyber insurance quotes just don’t work in today’s environment, a managing general agent told Canadian Underwriter Tuesday. “The old approach to cyber insurance was, ‘Hey, let me get you an application, you bring that to your IT team. Let’s get that filled out, bring it back to me, we’ll […]
Self-driving vehicles will change the auto liability landscape across Canada and raise data privacy concerns, said an issues paper from Quebec’s financial services regulator, the Autorité des marchés financiers (AMF). The paper identifies five levels within the connected and autonomous vehicle (CAV) spectrum – from full driver control to an entirely autonomous state that requires […]
By Phil Porado | November 11, 2021
VICTORIA – The Canadian Coast Guard says it believes that many, if not all, of the 109 containers that fell from a cargo ship off Victoria in late October have sunk. The containers were tossed from the MV Zim Kingston during a storm near the entrance to the Juan de Fuca Strait around the time […]
By The Canadian Press | November 11, 2021
1 min read
Specialty managing general agent (MGA) RAISE Underwriting in Toronto announced an agreement to acquire Mississauga-based independent MGA United Surety. The acquisition is scheduled to close January 1, 2022. RAISE CEO Matt Baynton said in a press release Nov. 4, “By combining the expertise of RAISE and United, we will be able to offer our brokers […]
By Phil Porado | November 10, 2021
Foreign entities operating in Canada through a branch will now have to notify the federal regulator of any potential changes to branch management “as well as any circumstances that could negatively impact their suitability,” attendees to a virtual industry event heard recently. “Whereas the prior guideline focused on the role and accountability of the chief […]
By Jason Contant | November 10, 2021
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