Tech
APIs liberate the broker channel from the inefficiencies caused by individual market solutions for data exchange.
By Rick Orr Owner, Account Executive Orr Insurance Brokers Inc. | March 7, 2018
1 min read
Nearly four in 10 (39%) of Canadians fear that their personal information has been compromised. The annual fraud survey, released on Wednesday, was commissioned by the Chartered Professional Accountants of Canada and conducted last month. Three-quarters (76%) of 1,000 Canadians polled in the study worried that Canadian businesses holding their personal data are vulnerable to […]
By Jason Contant | March 7, 2018
2 min read
Legal / Regulation
A telematics trial intended to address distracted driving in British Columbia is now underway. Insurance Corporation of British Columbia said March 2 it is “working with 139 drivers” in the province on a pilot project intended to block the use of their handheld devices while driving. The project was originally announced on Nov. 28, 2107. […]
By Greg Meckbach | March 7, 2018
HR
Risk managers concerned about insurance exclusions should consider asking their brokers to brief senior managers explaining what exactly the insurance covers and what it excludes, a Willis Towers Watson executive advises. Steve Sachs, co-chair of the Willis Towers Watson Real Estate Practice, tells risk managers after they buy a policy to “have the broker do […]
By Greg Meckbach | March 6, 2018
Successful risk managers know how to speak the language of senior executives, which is much different than the language of their peers, say two presenters scheduled to speak at next month’s RIMS conference in San Antonio. “Risk managers, when they get in front of senior management, often want to talk about things they do because […]
The Guarantee Company of North America announced Tuesday that Donna Barclay has been appointed as president and chief operating officer of The Guarantee Canada and North America Property & Casualty. Barclay has 30 years of property and casualty (P&C) insurance experience, providing senior leadership to casualty insurance teams at major global insurers and reinsurers. The […]
By Jason Contant | March 6, 2018
Global reinsurer Swiss Re is employing artificial intelligence (AI) to trace relationships between insurance contracts, all the way down to a single clause, allowing underwriters to process a submission much faster. Mike Fitzgerald, senior insurance analyst with financial consulting firm Celent, says Swiss Re has built a model using an AI tool that it calls […]
By Jason Contant | March 5, 2018
Aviva Canada auto policyholders whose vehicles get damaged in accidents can get their claims processed by taking pictures and uploading them to a mobile app, Aviva Canada announced recently. The app, AvivaExpress, was developed by Chicago-based Snapsheet and is available on the iPhone or an Android device, Snapsheet CEO Brad Weisberg wrote in a statement […]
By Greg Meckbach | March 5, 2018
FREDERICTON – Flood forecasters in New Brunswick are using new technology to track snow loads and ice movement, hoping more information leads to less damage. Jasmin Boisvert, a water services specialist with the Department of Environment and Local Government, says the province has been developing a new flow forecast model with the help of the […]
3 min read
LONDON – Bank of England Governor Mark Carney on Friday launched a withering attack on cryptocurrencies such as bitcoin and urged regulators around the world to monitor them in the same way as other financial assets. In a speech to the Scottish Economics conference in Edinburgh, Carney said a “global speculative mania” has “encouraged a […]
By Canadian Underwriter | March 2, 2018
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