Tech
The insurance industry in Canada is getting close to consensus on connectivity between insurance brokers and carriers, an Applied Systems executive said Tuesday at the company’s Executive Symposium in downtown Toronto. “I truly believe that we are fairly close to having an agreement and consensus in the industry on the fundamental importance of standardization and […]
By Jason Contant | May 2, 2018
2 min read
A breach of customer payment card information involving Saks Fifth Avenue has taken a cyber risk lawyer by surprise. In July 2017, “malware began running on certain point of sale systems at potentially all Saks Fifth Avenue, Saks OFF 5TH and Lord & Taylor locations in North America,” the retailers’ Canadian corporate parent, Hudson’s Bay […]
By Greg Meckbach | May 2, 2018
The Ontario Chamber of Commerce (OCC) is the latest organization to call on the provincial government to allow insurers to offer an electronic proof of auto insurance (EPAI) and other insurance documents. In a resolution passed during OCC’s annual general meeting in late April, the Hamilton Chamber of Commerce called on Ontario to join Nova […]
By Jason Contant | May 1, 2018
3 min read
Opportunity exists to automate tasks, allowing you to generate new business by working smarter and not harder. Here are some quick and easy ways to use technology to your advantage
By Greg Meckbach, Associate Editor | May 1, 2018
1 min read
Operations
The van attack that killed 10 people and wounded 14 in Toronto Monday highlights the importance of brokers giving proper coverage advice to fleet owners, an insurance defence lawyer says. Eric Grossman, founding partner of Zarek Taylor Grossman Hanrahan LLP, spoke to Canadian Underwriter one week after a man drove a rental van along Yonge […]
By Greg Meckbach | April 30, 2018
Ontario brokers have garnered the support of at least 16 insurance companies and “all key broker technology vendors” to participate in a study on data connectivity. The study includes discussion about an Application Programming Interface (API) tech model that would connect brokerages with carriers. The Insurance Brokers Association of Ontario (IBAO) announced earlier this year […]
By David Gambrill | April 30, 2018
OTTAWA – Millions of cellphones, tablets and other portable devices will sound off across the country next week to test Canada’s new public emergency alert system. The country’s broadcast and telecom regulator says the tests will be carried out next Monday in Ontario and Quebec and on Wednesday in the rest of the country. Test […]
By The Canadian Press | April 30, 2018
Legal / Regulation
Only one province in Canada officially accepts electronic proof of auto insurance right now, but industry scuttlebutt suggests police are already accepting them in some quarters, and Ontario will soon be in line to accept the electronic slips. “Word on the street” is that some police officers in Ontario are already accepting electronic proof of […]
By Greg Meckbach | April 27, 2018
Saskatchewan Government Insurance (SGI) has purchased a 15% stake in a Calgary-based online brokerage, a move designed to help the insurer develop real-time data exchange capabilities to sell products online. “This is an investment in a brokerage, not an acquisition,” SGI president and CEO Andrew Cartmell told Canadian Underwriter Friday. “We are always exploring partnerships […]
By Jason Contant | April 27, 2018
Canada’s insurers are developing a framework for insuring automated vehicles that is designed for handling auto claims quickly, regardless of whether tort liability arises from human error or a manufacturing defect in the automated vehicle. “We all know the automated vehicle revolution is coming with major ramifications for auto insurance,” David McGown, senior vice president […]
By David Gambrill | April 26, 2018
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