Tech
German-based tech provider GFT Technologies SE (GFT) has acquired V-NEO Inc. (V-NEO), a Quebec-based IT provider to the Canadian property and casualty insurance industry. Founded in 2011, V-NEO has acted as a service partner for the P&C insurance Guidewire platform. Headquartered in Quebec City, the company employs 160 people at its three sites in Quebec, […]
By David Gambrill | July 3, 2018
2 min read
How to protect your clients from running afoul of the European Union’s privacy breach law.
By Ian Phillpot, Vice President, Box Canada | July 1, 2018
1 min read
Operations
Brokers looking to place product liability policies for cannabis vendors might face an uphill battle. The cannabis industry “desperately” needs access to the same coverage that insurers already provide to non-cannabis businesses in agriculture pharmaceutical or manufacturing, said Wendy Sinclair, managing director of Jones Brown Inc., in a recent interview. A bill making it legal […]
By Greg Meckbach | June 28, 2018
Students who leave home for school represent a big opportunity for brokers to provide value-added advice on a variety of insurance coverage changes, but the key is for brokers is to get in front of the students before they make that rite of passage into adulthood. “It is something the broker should be aware of […]
By David Gambrill | June 28, 2018
3 min read
When Western Financial Group acquired its first non-western Canadian brokerage last week, location obviously played a factor in its acquisition strategy. The more rural, the better, the brokerage told Canadian Underwriter Tuesday. The High River, Alta.-headquartered Western completed its acquisition of Ontario-based Axion Insurance Services on June 19. The deal allows Western Financial to add […]
By Jason Contant | June 27, 2018
In a fiercely competitive and increasingly challenging commercial lines marketplace, Opta Information Intelligence’s Commercial Perils Solution can now display an unparalleled scope of risk related insight to a particular piece of business. Allowing savvy underwriters to better manage their existing portfolio while ensuring they are growing their book profitably. The Commercial Perils Solution is the […]
By Ian Portsmouth | June 25, 2018
4 min read
Canadians’ awareness of voice-controlled, connected home devices such as Google Home or Amazon Echo is growing, but consumer interest in acquiring such a device is not keeping pace, a new study shows. Canada’s Internet Factbook 2018, released on June 20 by the Canadian Internet Registration Authority (CIRA), shows consumer awareness of voice-controlled, connected home devices […]
By Jason Contant | June 25, 2018
Insurance brokers seeking to grow their travel line of business should ask their clients if they are expecting friends or family to visit Canada in the future and, if so, whether they would be interested in purchasing “visitors to Canada” insurance on behalf of their guests. “Visitors to Canada” insurance is not a new segment […]
By David Gambrill | June 25, 2018
Brokers looking to sell cyber insurance to commercial clients should be looking to partner with non-insurance firms specializing in security and risk assessment, one Quebec-based broker advises. “Brokers need to look at not just selling insurance but partnering, and how they can provide clients with more of a turnkey solution on cyber risk,” Brian Kelly, […]
By Greg Meckbach | June 25, 2018
Robert Landry, a former president and CEO of Zurich Insurance Company’s Canadian branch, was elected Thursday to the board of directors of Symbility Solutions Inc., a claims software maker. Calgary-based Symbility held its annual shareholders meeting Thursday. The vendor’s products include Symbility Property, a claims processing and estimating software product for property and casualty Insurers. […]
By Greg Meckbach | June 22, 2018
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