Industry
While the vast majority (94%) of Canadian insurance professionals surveyed believe that artificial intelligence (AI) will transform the insurance industry, the jury is still out on whether carriers are receiving a return on investment from analytics yet. Insurance Nexus released Tuesday the results of what it is calling “Canada’s first insurance analytics and AI survey,” […]
By Jason Contant | June 12, 2018
2 min read
Neil Parkinson, former national leader of KPMG Canada’s insurance industry practice, has been elected to the board of directors of Genworth MI Canada Inc., Genworth announced last Wednesday. Investors holding 99.61% of Genworth’s shares voted for Parkinson, Genworth reported in a press release announcing the results of its annual general meeting, held Wednesday. Genworth provides […]
By Greg Meckbach | June 12, 2018
1 min read
A Canadian fish oil supplement supplier, a business that hopes to enter the medical marijuana industry, is warning of the risks posed by the “rapidly-evolving” cannabis industry and uncertainty over Health Canada’s license approval process. Health, safety and environmental regulations “are subject to change and development,” Neptune Technologies & Bioressources Inc. said in its management […]
By Greg Meckbach | June 8, 2018
3 min read
FREDERICTON – New Brunswick flood victims may not be able to rebuild their homes – or only rebuild after significant mitigation efforts like raising them. The destructive, record-setting spring floods along the Saint John River and other waterways have prompted measures aimed at preventing similar damage next time. Ryan Donaghy of the Department of Environment […]
By Jason Contant | June 5, 2018
Federal government officials are pondering a flood insurance system similar to Britain’s two-year old Flood Re, an Insurance Bureau of Canada official suggested Thursday. Federal public safety minister Ralph Goodale “asked IBC to lead a working that will deliver recommendations by November” on insuring Canadian homes that have a high risk of flood, IBC vice […]
By Greg Meckbach | June 4, 2018
VANCOUVER – Marijuana businesses are growing in size and scope as Canada moves toward legalization of recreational pot, creating an increasingly daunting job for those tasked with enforcing the rules. In Vancouver’s bustling downtown, sleek, modern posters with fashionable fonts and simple images are plastered on lamp posts. It’s not until you take a closer […]
By Jason Contant | June 4, 2018
4 min read
Some advice on how to “future-proof” the insurance needs of Canada’s very agile small and medium sized businesses.
By Mazdak Moini, Vice President, Commercial Lines, Aviva Canada | June 2, 2018
Veronica Scotti, president and CEO of Swiss Re Canada, has been appointed chairperson of global partnerships for the reinsurer. Scotti has been Swiss Re Canada CEO since 2015, when she replaced Sharon Ludlow. Scotti joined Swiss Re in London, England with the acquisition in 1999 of investment bank Fox Pitt Kelton. Before joining Swiss Re, […]
By Greg Meckbach | June 1, 2018
Apparent attempts to extort two major Canadian banks highlight the increasing threat and variety of cyberattacks against major companies. Attacks against BMO and CIBC-owned Simplii – that compromised the information of up to a combined 90,000 Canadians – made public Monday, appear to be the latest in a number of high-profile ransom attacks. The attacks […]
By Jason Contant | June 1, 2018
OTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday, but noted the Canadian economy was a little stronger than expected in the first quarter, raising expectations that rate hikes are coming later this year The central bank held steady its target for the overnight rate – a key financial […]
By Canadian Underwriter | May 30, 2018
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