Industry
Insurance companies are used to collecting data, but they need to do a better job of using data around race and gender to build diversity and inclusion in their senior ranks, speakers said Tuesday at KPMG’s 2020 Insurance Conference. Insurers may collect data on gender, but the intersectionality around race and gender data (for women […]
By Jason Contant | November 25, 2020
3 min read
HAPPY VALLEY-GOOSE BAY, N.L. – A two-day snowstorm that began Monday has buried central Labrador under a record-setting blanket of snow. Environment Canada meteorologist David Neil said today the 75 centimetres of snow covering Happy Valley-Goose Bay is the second-largest two-day snowfall ever recorded in the town. The record stands at 91 cm, recorded over […]
By The Canadian Press | November 25, 2020
1 min read
External attacks on companies result in the most expensive cyber insurance losses, but internal failures like employee mistakes and technical problems are the most frequent generator of claims by number (albeit with a lower financial impact), a new report says. Allianz Global Corporate & Specialty (AGCS) analyzed more than 1,700 cyber claims worth US$770 million […]
By Jason Contant | November 24, 2020
The global COVID-19 pandemic has changed the way people work and learn but similar to how brokerages and insurance companies continued to operate in a new environment, learning and growth opportunities shouldn’t have to stop, said the leader of an insurer during a webinar. It may be tough to think about learning and career growth […]
By Adam Malik | November 24, 2020
HAPPY VALLEY-GOOSE BAY, N.L. – People in parts of Labrador are facing a few tough shifts of snow shovelling. As a blizzard rips across much of Labrador today, Environment Canada meteorologist David Neil says Happy Valley-Goose Bay was leading the count this morning, with 63 centimetres of snow at the airport. From his post at […]
By The Canadian Press | November 24, 2020
Artificial intelligence is being used now to support human staff with text messaging being a prime example, an Ontario mutual CEO says. “We are seeing a reduction in cycle times that we have now eliminated that dreaded phone tag that really sucks the life out of the customer experience,” Irene Bianchi, CEO of Peel Mutual […]
By Greg Meckbach | November 23, 2020
An Alberta auto insurance advisory committee has recommended the province move to a pure no-fault system delivered by private insurers, a change that the Insurance Bureau of Canada (IBC) does not feel would be in the best interest of drivers. One of the recommendations of the advisory committee’s report was the move to a pure […]
By Jason Contant | November 23, 2020
4 min read
With the global COVID-19 pandemic affecting specific sectors harder than others, brokers may see the value in the diversification of their offerings so as to not have their business depend on the success of one sector, says one broker leader. However, another argues, a broker being a specialist in a specific area means they are […]
By Adam Malik | November 23, 2020
TORONTO – Loblaw Companies Ltd. has signed a partnership deal with technology company Gatik to test autonomous delivery vehicles in Toronto starting in January. Under the multi-year agreement, Gatik will transport goods from an automated picking facility to retail locations across the Greater Toronto Area. The company will operate five vehicles for Loblaw up to […]
By The Canadian Press | November 23, 2020
In the Canadian entertainment industry, time is money, and so when the global pandemic forced time to stand still, it hit the entertainment industry with the force of a catastrophic event. When COVID-19 hit, Crawford & Company’s adjuster and film and entertainment subject matter expert Frederick Amirizian received the same amount of claims in one […]
By David Gambrill | November 20, 2020
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