Industry
Attracting talent and putting legacy data to good use are two of the ways insurtech can help the industry, a claims professional says. Chris Hampshire, vice president of carrier practice at claims services provider Gallagher Bassett Services Inc., was asked during a recent episode of A.M. Best TV whether insurtech can make the industry more […]
By Greg Meckbach | July 9, 2019
2 min read
VICTORIA – The journey to bring ride-hailing to British Columbia came closer to a destination Monday as the provincial government announced it will start accepting applications in September for companies to enter the market. Safety, insurance and penalty rules and regulations were updated, but still to come this summer are rules covering fares that drivers […]
3 min read
As the economy goes, so does the insurance industry. But what happens where things aren’t necessarily taking off, but not falling by the wayside either? Business leaders are increasingly hopeful about the economy. A recent quarterly survey released by the Chartered Professional Accountants of Canada found that 31% of leaders are optimistic, up from 22% […]
By Adam Malik | July 8, 2019
If your client ships goods to someone who turns out to be a fraudster and never gets paid as a result, is this covered by all-risks commercial insurance? Lloyd’s Underwriters tried to argue one such loss is excluded, but the Ontario Superior Court of Justice disagreed. In Heart Zap Services Inc. v. Lloyd’s Underwriters, released […]
By Greg Meckbach | July 8, 2019
4 min read
Corporate sales culture is dominated by “urgent” meetings, phone calls and email messages; so many of them, in fact, that it’s hard to get any work done. Your employers require you to produce outputs, be they financial/claims reports, summaries, policy documents, pitches to broker clients, advertising campaigns, funding proposals, etc. But how do you carve […]
By David Gambrill | July 8, 2019
Hub International Ltd. has reached fifth place worldwide on A.M. Best Company Inc.‘s ranking of brokerages. Hub was formed in 1998 through the merger of 11 Canadian brokerages and has since moved its head office to Chicago. It acquired 13 brokerages in Canada in 2018, A.M. Best reported in “Top Global Insurance Brokers,” an article […]
By Greg Meckbach | July 5, 2019
Expect the low-interest-rate environment to continue for at least two more years, Swiss Re warned Thursday. “Insurers will continue to operate in a low-interest-rate environment for the next two years at least, meaning that industry profitability will remain under pressure,” Swiss Re predicted in World Insurance: The Great Pivot East Continues, a sigma report released […]
CALGARY – The owner of a Calgary gas station is dead after emergency authorities say it appears he was accidentally run over by a vehicle in the station’s car wash. The 64-year-old man was pronounced dead at a Centex outlet in the city’s southwest around 1 p.m. Wednesday. Police believe a driver intended to pull […]
By The Canadian Press | July 5, 2019
1 min read
Artificial intelligence and machine learning are changing the landscape for pre-fill data in Canada — literally. “Through artificial intelligence and deep learning techniques… we’re able to train computers to recognize that this is a two-storey structure, not a one-storey structure or a bungalow or a ranch bungalow,” Greg McCutcheon, president of Opta Information Intelligence, said […]
By Jason Contant | July 4, 2019
A raging forest fire in northwestern Ontario has prompted the full evacuation of the First Nation community of Keewaywin, authorities said on Thursday. More than 200 residents considered vulnerable had already been flown this week to Sioux Lookout, Ont., as the fire moved closer, while roughly 200 more were being sent to another city Thursday. […]
By Greg Meckbach | July 4, 2019
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