Tech
Waterloo, Ont.-based Ignite Insurance and Ignite Holdings announced on Monday that aha insurance – the online auto and home insurance service – “is available today for the auto insurance market and, coming soon, the home insurance market in Ontario.” aha insurance provides a fully digital platform, enabling Ontarians seeking insurance the ability to get a […]
By Canadian Underwriter | September 26, 2017
2 min read
Legal / Regulation
Autonomous vehicle (AV) technology will require a reassessment of liability and the uncertainty surrounding liability may even slow the introduction of AV technology, a speaker suggested on Monday at the RIMS Canada Conference. Jim Kidd, project manager at the City of Toronto’s insurance and risk management section, was speaking about the topic during a session […]
By Jason Contant | September 26, 2017
4 min read
Newfoundland and Labrador is undertaking an automobile insurance review meant to chart the way forward for the province. Whatever the final destination, brokers will be along for the ride to help ensure customers are protected, regulatory changes foster a healthy and sustainable system, and consumer education is enhanced.
By Kent Rowe, President, Insurance Brokers Association of Newfoundland and Labrador | September 26, 2017
6 min read
HR
RIMS Ontario Chapter (ORIMS) has presented the Donald M. Stuart Award to Tony Lackey, director of risk and insurance services for Carleton University in Ottawa. Lackey was presented the award at the RIMS Canada Conference, RIMS said in a press release on Monday. The award has been bestowed annually since 1979 by ORIMS to celebrate […]
3 min read
American International Group, Inc. (AIG) announced on Monday that it will transition to General Insurance and Life & Retirement segments, as well as a new “standalone, technology-enabled platform.” AIG said in a statement that it is planning to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments and […]
By Canadian Underwriter | September 25, 2017
Legislation under consideration by the House of Commons “would increase the flexibility” of federal law to address automated and connected technologies used in vehicles, a member of parliament suggested Wednesday. “Shifts in the global technology landscape are placing a growing reliance on vehicle safety innovation while transforming business practices and consumer demands,” said Brenda Shanahan, […]
By Canadian Underwriter | September 22, 2017
Replacing legacy information technology can be a daunting and expensive task, often representing a multi-year, multi-million-dollar project for an insurer. Opting to maintain, tweak or overhaul a legacy system all pose challenges, something carriers wanting to satisfy brokers and customers need to know
By Greg Meckbach, Associate Editor | September 22, 2017
10 min read
More than 900 data breaches led to nearly two billion records being compromised worldwide in the first half of 2017, digital security company Gemalto said in a new report. In the first six months of this year, 918 data breaches led to 1.9 billion data records being compromised, a “staggering” 164% increase from the number […]
True, it is all about data these days. That said, determining how best to employ the ever-growing store of internal and external data is necessary to gain forward-looking insights. For Canada’s property and casualty insurance market, knowing what to do with data to meet customer needs and demands will likely prove the end-game.
By Jason Contant, Online Editor; and Greg Meckbach, Associate Editor | September 21, 2017
1 min read
Nearly four in five polled Canadians (78%) in Newfoundland and Labrador, Ontario and Alberta said they want to see a technology solution that would stop distracted driving by disabling texting and other functions while the driver is behind the wheel, a new opinion poll from Aviva Canada has found. Results of the online poll of […]
By Canadian Underwriter | September 21, 2017
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