Tech
Business executives in Canada and the United States say economic risk (21%) is their primary concern, followed closely by cyber risk (20%) and technology risk (16%). CNA Hardy released its first global Risk and Confidence Survey Monday. While over two-thirds of business leaders expressed confidence in the ability of their businesses to grow and prosper, […]
By Jason Contant | November 19, 2018
3 min read
HR
Four insurers with “highly engaged employees” have been recognized by commercial brokerage Aon for their efforts. Allstate Insurance Company of Canada, Intact Financial Corporation (IFC), The Co-operators and Trisura Guarantee Insurance Company were platinum award recipients of the 2019 Aon Best Employers in Canada Study (Trisura, with less than 400 employees, was among the best […]
4 min read
More Insurtech products – in addition to coverage for overnight home rentals – could be coming down the pipe from the recently-launched Duuo, a speaker with Slice Labs Inc. reports. Coverage for homeowners listing their place on sites like Airbnb – dubbed Duuo by Co-operators – is just the “initial product” in Slice Labs’ partnership with […]
By Greg Meckbach | November 15, 2018
Before deciding whether to buy the latest and greatest technologies, a broker need to understand what problem that technology is actually going to solve, speakers said during a recent technology conference. “A lot of people are trying to sprinkle insurtech on to their business to revolutionize it or make it modern or relevant,” said Adam […]
By Greg Meckbach | November 13, 2018
The Canada-wide data breach law, which has been in effect for two weeks, is pushing businesses manage cyber risk more effectively, a computer security expert says. The federal Digital Privacy Act makes it mandatory for clients to disclose data breaches if they pose a “real risk of significant harm.” Passed into law in 2015, DPA […]
2 min read
Operations
A recent report from commercial brokerage Willis Towers Watson has confirmed what Canada’s largest insurer is saying: the commercial insurance market is showing signs of firming as casualty losses mount. “The seemingly ‘stealth’ firming within the casualty market comes as many observers have been focused on the property market, given the record natural catastrophe losses […]
By Jason Contant | November 13, 2018
Could vehicle collision frequency drop once fifth-generation (5G) cellular wireless technology rolls out in Canada? 5G wireless can allow vehicles talk to each other, said Peter Linder, head of 5G marketing for North America at Telefonaktiebolaget LM Ericsson. “You can start using the network for communication between cars, so for collision prevention and stuff like […]
By Greg Meckbach | November 12, 2018
Brokers moving towards a paperless office should watch how much time their staff spend scanning documents. “There is a big difference between scanning for personal use and scanning for business,” said Steve Oblin, senior marketing manager for Fujitsu Canada Inc.’s Imaging Group. In an interview this past Wednesday, Oblin offered three tips for brokers wanting […]
By Greg Meckbach | November 9, 2018
Global insurance brokerage Hub International announced this week it has acquired the assets of two western-Canadian brokerages. Hub acquired on Wednesday the assets of Tri-Line Agencies Inc., a full-service, independent brokerage headquartered in Rose Valley, Sask. Tri-Line Agencies offers personal and commercial insurance solutions, and specializes in government automobile and farming solutions. Eugene Danko, the […]
By Jason Contant | November 9, 2018
The possibility exists of a global, widescale, multi-country cyber security breach. To get a true sense of their overall exposure, Canadian property and casualty insurers should be reviewing all of the policies they sell – not just dedicated cyber policies, but also the property and liability contracts that do not explicitly exclude cyber coverage. “That’s […]
By David Gambrill | November 8, 2018
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