HR
The province of Ontario is launching consultations until the end of January 2017, asking businesses and the public to help identify and improve regulations that are “unclear, outdated, redundant or unnecessarily costly” for the financial services sector. Feedback can be provided online at ontario.ca/RedTapeChallenge, a crowd-sourced platform that gives businesses and the public the chance […]
By Canadian Underwriter | December 1, 2016
2 min read
Legal / Regulation
With the size of today's container ships, damage from a fire on a single container could result in a loss of millions of dollars. And cargo that is susceptible to spontaneous combustion, especially when not properly declared, can be especially risky.
By Greg Meckbach, Associate Editor | December 1, 2016
6 min read
The Ontario Securities Commission (OSC) and the Australian Securities and Investments Commission (ASIC) have signed a new agreement under which fintech companies in Australia and Ontario “will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market.” Under the agreement, signed in […]
By Canadian Underwriter | November 4, 2016
Ontario’s license appeal tribunal – which this year started hearing auto accident benefits disputes – presents “an opportunity” for auto insurers to “redefine how they provide their services,” an insurance company lawyer said Wednesday, while the retired judge who recommended changing the dispute resolution system told the audience of a panel discussion there is “lots […]
By Jason Contant | November 2, 2016
4 min read
Calgary-based brokerage InsureMy Ltd. and United Kingdom-based telematics provider Trak Global Group announced on Wednesday a partnership through an exclusive licensing agreement enabling InsureMy to “distribute products from the Trak/Carrot [Insurance] brand to maximize distribution points throughout Canada.” Trak Global Group is the telematics provider behind the “multi-award winning” Carrot Insurance brand, launched in 2012. […]
By Canadian Underwriter | November 2, 2016
Outside Intelligence has announced the availability of a cognitive computing platform to help businesses meet the guidelines of the new International Organization for Standardization (ISO) anti-bribery standard, ISO 37001. The platform produces automated due diligence reports – which businesses can use to evaluate discovered risks that can be immediately used to make key decisions – […]
By Canadian Underwriter | October 17, 2016
Advances in wood engineered products and fabrication have made the idea of constructing timber tall buildings feasible and a genuine alternative to concrete, Eric Karsh, principal of Equilibrium Consulting Inc., suggested Thursday during the 43rd Annual Engineering Insurance Conference in downtown Toronto. Karsh cited a study Equilibrium Consulting recently did for a client, in which […]
By Angela Stelmakowich | October 7, 2016
5 min read
The increased security threat from cyber and data privacy breaches is the number one risk on the minds of executives in the global transportation industry, according to a new report released on Monday by Willis Towers Watson (WTW). Willis Towers Watson’s 2016 Transportation Risk Index was commissioned to measure the industry’s current risk environment from […]
By Canadian Underwriter | October 3, 2016
3 min read
The issues facing the broker channel – such as the regulatory environment and technology – are collective, but the channel is strong together, Robert Harrison, new president of the Insurance Brokers Association of Canada (IBAC), said during the association’s annual general meeting in Charlottetown, P.E.I. on Saturday. “Do we need change? I think we need […]
By Jason Contant | October 2, 2016
Zurich Insurance Group announced on Tuesday that it will combine its corporate and commercial businesses into a “single global business as part of its process to simplify and strengthen its organization.” The new unit, to be called Commercial Insurance, brings together corporate and commercial insurance expertise worldwide under a single umbrella. It will be headed […]
By Canadian Underwriter | September 21, 2016
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