Industry
As the world gets more and more virtual, don’t forget how to be human, an insurer executive urged during a recent webinar. Technology should be used to enhance the industry’s relationship with clients, rather than act as a replacement, explained Erin Fischer, senior vice president, chief claims and regional insurance operations officer at Wawanesa. Much […]
By Adam Malik | June 1, 2021
3 min read
Many insurers and reinsurers are considering or actively transitioning away from insuring fossil fuel companies as pressure mounts from investors and clients over environmental, social and governance (ESG) practices. “But pressure from end investors isn’t the whole story,” Tom Johansmeyer, head of Property Claim Services (PCS), a Verisk business, wrote in a recent Harvard Business […]
By Jason Contant | June 1, 2021
4 min read
RSA Canada CEO Martin Thompson is leaving the company, says the insurer’s new owner, Intact Financial Corp. Intact and Danish insurer Tryg A/S announced Tuesday they have completed their acquisition of London-based RSA PLC. As part of the deal, Toronto-based Intact acquires RSA Canada as well as some of RSA’s international operations. “Martin Thompson announced […]
By Greg Meckbach | June 1, 2021
HALIFAX – Lisa Drader-Murphy opened her first store in 1997 with $250 in the bank. Over more than two decades, the Canadian fashion designer built her luxury clothing brand debt-free by reinvesting her earnings back into the business. “I was raised with old-fashioned values,” she said from her home in Falmouth, a village in rural […]
Just as Amazon does not make the products that it sells, brokerages don’t write coverage. But what you do have in common with Amazon is you provide consumer choice among the products you distribute, an Alberta insurtech CEO suggests. “When you compare insurance brokers to big tech firms, you realize there are a lot of […]
By Greg Meckbach | May 31, 2021
2 min read
Provincial governments should implement a database to verify the validity of a trucking carrier’s insurance as one way of helping to identify fraud in the sector, Insurance Bureau of Canada (IBC) is recommending. At the time of policy renewals, insurers may be provided with fraudulent or unverified information regarding trucking insurance policies, IBC said in […]
By Jason Contant | May 31, 2021
The outcome of a current standoff between auto manufacturers and the automotive aftermarket industry over who owns the data generated by automated cars will have implications for the insurance industry, according to an insurance executive. “If the data is owned and controlled by the manufacturer rather than the driver, it seems like it may get […]
By Adam Malik | May 30, 2021
OTTAWA – Canada Post says more than 950,000 customers were potentially exposed in a data breach attack on one of its suppliers. The Crown agency says it was informed by Commport Communications earlier this month that the manifest data held in their systems was compromised by a malware attack. The attack affected shipping manifests for […]
By The Canadian Press | May 28, 2021
1 min read
Beware of seven deadly time thieves if you want to exercise more control over your workday and manage your time better, an organization expert said during a recent risk management conference. Andrew Mellen, a professional organizer, spoke to risk managers about what gets in the way of professionals being more organized and how days typically […]
By Adam Malik | May 27, 2021
Work conditions during the COVID-19 pandemic have created the perfect storm for a “turnover tsunami,” a Hub International speaker suggested during a webinar last week. More than 53% of Canadians have received their first dose of vaccine to protect against COVID-19, meaning a return to the office later this year is now on the horizon. […]
By Jason Contant | May 27, 2021
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