Tech
BMW Group, Intel and Mobileye (an Intel company) announced earlier this week that they have signed a memorandum of understanding with the intention for Fiat Chrysler Automobiles (FCA) to be the first automaker to join them in developing a “world-leading, state-of-the-art autonomous driving platform for global deployment.” The platform will be scalable for Level 3 […]
By Canadian Underwriter | August 18, 2017
3 min read
Artificial intelligence (AI) everywhere, “transparently immersive experiences” and digital platforms are the three distinct megatrends that will enable businesses to survive and thrive in the digital economy over the next five to 10 years, Gartner, Inc. has reported. The Stamford, Conn.-based research and advisory company released its Hype Cycle for Emerging Technologies, 2017 report on […]
By Canadian Underwriter | August 15, 2017
Protectionist trade sentiments south of the border top the list of challenges facing the Canadian economy, a concern identified by almost a quarter of the 516 business leaders taking part in a new survey released Tuesday by Chartered Professional Accountants of Canada. Protectionist trade sentiments in the U.S. was identified as the number one challenge […]
The Allstate Insurance Company of Canada announced on Monday that it is expanding its usage-based insurance (UBI) program Drivewise in Nova Scotia “after experiencing great success in the provinces of Alberta and Ontario.” Drivewise rewards those who exhibit safe driving behaviours with lower auto insurance premiums, Allstate Canada said in a press release, adding that […]
The Centre for Study of Insurance Operations (CSIO) announced on Monday a video explaining digital proof of auto insurance (eSlips) to consumers and said it expects the solution by year-end. In June, the association announced what it called “an industry solution for the digital delivery of proof of auto insurance cards, or eSlips.” The product, […]
By Canadian Underwriter | August 14, 2017
2 min read
VANCOUVER – A popular ride-hailing company wants to get the lay of the land as it gears up to hit the streets of Metro Vancouver by the end of the year. Uber Canada is launching an urban mapping program this week. Twenty-five vehicles will travel around the region gathering images and data about things like […]
By Jason Contant | August 10, 2017
1 min read
HR
Chicago, Ill.-based Hub International Limited announced on Monday that Hub Quebec has purchased “certain assets” from Patrice Varin, through a corporation held by him. Terms of the acquisition were not disclosed. Varin will join Hub Quebec, bringing with him a commercial line book of business focused on offering bonds and surety-related products, Hub noted in […]
By Canadian Underwriter | August 8, 2017
The volume of completed mergers and acquisitions (M&A) worldwide in the insurance industry continued its downward trend, with 170 deals in the first six months of 2017 compared to 186 in the preceding period, according to a new report from international law firm Clyde & Co. Activity is now down 24% from its recent high […]
By Canadian Underwriter | August 4, 2017
4 min read
The premium renewal rate change for most standard commercial lines products in the United States remained in positive territory for July, with workers’ compensation representing the only standout, notes the latest IVANS Index. The majority of standard commercial lines products – namely Auto, Business Owner’s Policy (BOP), General Liability, Property and Umbrella – saw positive […]
By Canadian Underwriter | August 3, 2017
Legal / Regulation
Waterloo, Ont.-based Economical Insurance announced on Wednesday that it has launched EXPERT Cyber, coverage that is available to commercial policies for Canadian businesses in the event of a data breach. “Cybersecurity is a growing area of concern for businesses of all sizes,” Fabian Richenberger, executive vice president of commercial insurance at Economical, said in a […]
By Canadian Underwriter | August 2, 2017
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