Tech
Blockchain is going to put pressure on broker commissions and fundamentally change the way the broker channel does business over the next three to five years, says a past Marsh Canada national executive and management committee member. Blockchain will reduce the amount of friction a broker faces during the process of matching capital with insurable […]
By David Gambrill | April 11, 2018
3 min read
The direct insurance costs associated with distracted driving in Manitoba are estimated to be at least $70 million per year, the province’s government auto insurer reported recently. Manitoba Public Insurance (MPI) spokesperson Brian Smiley told Canadian Underwriter that direct insurance costs include those related to bodily injury, physical damage of vehicles, and various other benefits that […]
By Jason Contant | April 10, 2018
2 min read
Applied Systems’ new “translation services” will provide broker data distribution as effectively as direct distribution and enable the broker channel to better compete, the software provider said Friday. Jeff Purdy, senior vice president of international operations with Applied, talked to Canadian Underwriter Friday about Applied’s new “translation services.” The software provides a way to move […]
By Jason Contant | April 9, 2018
HR
Broker management system (BMS) integration with the back-end systems of Wawanesa Mutual Insurance Company is a top priority for the company’s new president of Canadian P&C operations. Carol Jardine told Canadian Underwriter that a lot of the groundwork has been laid over the past two years to create new technologies through the application of the […]
By Jason Contant | April 7, 2018
Carol Jardine has been appointed president of Winnipeg-based Wawanesa Mutual Insurance Company’s Canadian property and casualty (P&C) operation. Wawanesa CEO Jeff Goy made the announcement Thursday. Before her appointment, Jardine was senior vice president and chief strategy officer, a position she assumed when joining the company in 2016. In addition to her leadership role at […]
Starting today, Canadians won’t have to be near a television or radio to receive emergency alerts. Life-threatening emergencies will now be broadcast on compatible mobile phones. As of today, the National Public Alerting System – commonly called Alert Ready – will include wireless networks, in addition to traditional broadcast channels. In the case of a […]
By The Canadian Press | April 7, 2018
1 min read
An engineer with “extensive mergers and acquisitions experience” is up for election to Intact Financial Corp.’s board of directors, the property and casualty insurer announced recently. William Young, chairman of the board of Aurora, Ont.-based auto parts maker Magna International Inc., has been nominated to serve as an independent director on the board of Toronto-based […]
By Greg Meckbach | April 5, 2018
Passive or behavioural biometrics may be a way for your client or company to render useless the information lost in a data breach. This technology monitors the user’s inherent behaviour, “making it impossible for hackers to replicate or steal,” says Lisa Baergen, marketing director of NuData Security, a Mastercard Company based in Vancouver. Leveraging a […]
By Jason Contant | April 5, 2018
Brokers need to reinvent how they provide face-to-face advice to their clients, changing their physical office model to reflect a more modern approach inspired by a quick and easy online experience. “Brokers need to start thinking about it in terms of retail,” Paul Jackson, chief marketing and distribution officer at Gore Mutual Insurance Company, told […]
By David Gambrill | April 5, 2018
Applied Systems announced Wednesday the launch of its insurer “translation services,” allowing Canadian insurers to translate and distribute policy-related data directly into [broker] management systems. The translation services provide the connectivity technology required to easily move data between insurer and brokerage systems across the insurance lifecycle – including quoting, binding, servicing, and ultimately renewal. Jeff […]
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