Legal / Regulation
VICTORIA – Ride-hailing is on its way to British Columbia after the online services received the unanimous support of an all-party committee of the legislature on Thursday. The committee made 32 recommendations to help pave the way for introducing and regulating ride-hailing. Committee chairwoman Bowinn Ma of the NDP said the recommendations balance the importance […]
By Jason Contant | February 19, 2018
3 min read
Tech
Competition nowadays for a space on a consumer’s smartphone screen is fierce. We all hear stories of the so-called “killer apps” — they seem to be on everyone’s device, set record download numbers, and propel their creators to fame and, quite often, fortune. So, the killer question: is it realistic for an insurance organization to […]
By Atul Vohra, Regional Managing Director, Solera Canada, India and Australia | February 16, 2018
2 min read
CEOs, not chief information officers (CIOs), should be making the call on whether to report a data breach when a company falls victim to a targeted cyberattack, a former privacy commissioner told a cyber loss management seminar organized by Crawford & Company (Canada). While some companies may have their CIOs making such a determination, the […]
By David Gambrill | February 15, 2018
Restrictions imposed on how insurers price usage-based insurance pricing (UBIP) are hampering innovation in the insurance industry, the Insurance Bureau of Canada (IBC) told Canadian Underwriter Monday. Canadian Underwriter asked IBC on Monday for examples of red tape that could be cut in the industry to help increase innovation. One example is that Ontarians should […]
By Jason Contant | February 14, 2018
Discover an environmental hazard while adjusting a loss? You’d better report it.
By Chris Ciasnocha, Senior Associate, Multidisciplinary Remediation; Joelle Reid, Associate Environment; and Jeff Reitsma, Practice Lead, Multidisciplinary Remediation, 30 Forensic Engineering | February 14, 2018
HR
Ashley Holmes, a 33-year-old operations manager at Roughley Insurance Brokers in Oshawa, Ont., has three pieces of advice for other women looking to get into the insurance industry: Holmes, the Insurance Brokers Association of Ontario’s 2017 Young Broker of the Year, says existing preconceived notions can be a blow to your confidence, potentially making you […]
By Jason Contant | February 13, 2018
As insurers move away from their legacy systems and onto more flexible platforms such as Guidewire and Duck Creek, the days appear numbered for portal solutions. Real-time data exchange is now front and center as a priority for the Insurance Broker Association of Canada (IBAC), the national broker association announced Tuesday. The current work towards […]
By David Gambrill | February 13, 2018
TORONTO – General Motors Co. is bringing its Maven car-sharing business to Canada for the first time as part of the Detroit-based company’s broader strategy for navigating through a rapidly changing automotive world. Toronto will be the first city outside of the United States to offer GM’s Maven City app-driven service, which has grown rapidly […]
An Ontario brokerage has done away with the traditional alphabetized way of assigning clients to brokers. Under the alphabetized approach, sometimes referred to as the “alpha split,” a brokerage divides its clients evenly by the number of account managers it has. Account managers are responsible for the clients whose last names fall within a certain […]
By Jason Contant | February 12, 2018
Escalating collision repair costs have commended the attention of Intact Insurance, as company officials continue to express disappointment with the Toronto-based insurer’s financial results in personal auto. Company officials said they had “unsatisfactory” performance in personal auto, with the chief culprits being new vehicle technologies and more expensive vehicle parts. Intact’s combined ratio in personal […]
By Greg Meckbach | February 12, 2018
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