Operations
Hub International’s recent acquisition of a brokerage in Quebec is part of its plan to built a “best-in-class” employee benefits platform for Canada, a spokesperson for the Chicago-based global brokerage told Canadian Underwriter Monday. On May 7, Hub International acquired the shares of Les Avantages Sociaux Delta Inc., operating as the dElta Group. With offices […]
By Jason Contant | May 15, 2018
2 min read
TORONTO – Ontario’s chiefs of police are again sounding alarm bells about the impending legalization of recreational cannabis, saying federal funding for police operations may not go far enough to cover increased costs. At a news conference held by the Ontario Association of Chiefs of Police in Toronto on Tuesday, Ontario Provincial Police Chief Supt. […]
Tech
Blockchain, the technology behind Bitcoin, does not have a foothold in insurance yet, but it will no doubt disrupt some industries, speakers said last week at a financial industry conference. Blockchain promises “massively new business models,” Andrew Maxwell, director of the Bergeron Entrepreneurs in Science and Technology program at York University, said May 10 at […]
By Greg Meckbach | May 14, 2018
Brokers in Ontario are concerned that if auto insurance in the province remains unsustainable, companies may start to leave the market. Traci Boland, chairwoman of the Insurance Brokers Association of Ontario (IBAO), spoke to Canadian Underwriter Thursday about trends in Ontario auto (as well as home and commercial lines). She said that companies are filing […]
By Jason Contant | May 11, 2018
Legal / Regulation
Managing the risk posed by the “dark web” is made all the more difficult by some people’s mistrust of police, a former top Royal Canadian Mounted Police officer suggested Thursday. “Cyber crime requires a different approach than just the preventative hardening of cyber security systems,” former RCMP Commissioner Bob Paulson told Payments Canada Summit attendees […]
By Greg Meckbach | May 11, 2018
3 min read
Data maintenance will help keep your business running at top speed and efficiency
By Brenda Rose, Vice President, Partner, Firstbrook Cassie & Anderson Ltd. | May 11, 2018
HR
Insurers that invest in artificial intelligence (AI) and human-machine collaboration at the same rate as “top-performing” businesses could, over the next five years, boost their revenues 17% and their employment 7% on average, according to new research by professional services company Accenture. Released on Wednesday, the report Future Workforce Survey – Insurance: Realizing the Full […]
By Jason Contant | May 10, 2018
Brokers will soon be able to learn Vyne, Economical Insurance’s Guidewire-based computer system, touted as a way of administering insurance policies with less manual intervention. “Soon we will roll be rolling out full training to 22,000 brokers across the country,” Rowan Saunders, CEO of Economical Insurance, said of Vyne on Monday. Vyne “simplifies workflows” and […]
By Greg Meckbach | May 10, 2018
Management
OTTAWA – Lawmakers delving into the Facebook data scandal are hearing experts call for substantial regulatory upgrades to protect the privacy of Canadians – as well as warn of democratic and economic risks posed by foreign companies motivated by “surveillance capitalism.” Speaking today before a parliamentary committee, Jim Balsillie urged policy-makers to shield citizens by […]
By The Canadian Press | May 10, 2018
Hub International has acquired the shares of a Quebec benefits brokerage, a move designed to strengthen benefits and retirement offerings throughout Canada. The Chicago-based global insurance brokerage reported on May 7 that it acquired the shares of Les Avantages Sociaux Delta Inc., operating as the dElta Group. With offices in the greater Montreal area, the […]
By Jason Contant | May 9, 2018
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