Tech
State Farm Canada announced on Monday that it has released a new app that includes telematics and water detection programs, as well as easy account access. The free State Farm Canada App, available on Apple’s App Store and Google Play, allows users to manage their home and auto insurance. It includes Telematics, a mobile telematics […]
By Canadian Underwriter | June 5, 2017
2 min read
Good drivers in Alberta will now have access to an Intact Insurance driving discount program that allows them to save as much as 25% on their auto insurance premiums. The my Driving Discount program uses driving data collected by a mobile app to determine a personalized discount for customers based on their driving habits, notes […]
OTTAWA – Canada and the United States need a new cyber defence program – like their joint Norad air defence – to prevent hackers from hobbling their economies, says the former head of the U.S. National Security Agency. Retired general Keith Alexander told The Canadian Press that the two countries need a joint system to […]
By Jason Contant | June 2, 2017
3 min read
Technology company Intel Corporation is predicting that autonomous driving will cause a new “passenger economy” to emerge to support the idle time when drivers become riders, an economy that will be more than twice the size of the “sharing economy.” The findings were contained in a new study titled Accelerating the Future: The Economic Impact […]
By Canadian Underwriter | June 2, 2017
Legal / Regulation
The Licence Appeal Tribunal has been hearing disputed Ontario accident benefits claims for more than a year. Although disputes seem to be resolved more quickly than they were by the Financial Services Commission of Ontario, it remains to be seen whether or not claimants are getting access to benefits in a more timely manner.
By May Gibillini, President, InHEALTH Inc. | June 1, 2017
5 min read
Slice Labs Inc., a technology company offering what it calls “the first on-demand insurance platform in the United States,” announced on Wednesday the launch of their homeshare insurance product in 13 states. Homeshare hosts in 13 states – California, Colorado, Florida, Georgia, Illinois, Iowa, Maryland, Massachusetts, New Jersey, New York, Ohio, Texas and Washington – […]
By Canadian Underwriter | June 1, 2017
HR
Aviva Canada announced on Wednesday that it has received its first presentation of ideas from its BrokerTech LaunchPad pilot program, “a program that gives insurance brokers the opportunity to present their ideas for technologies to disrupt, transform and lead the insurance industry.” Tom Reid, Aviva Canada‘s executive director, digital brokers, told Canadian Underwriter that “while […]
More than a third of surveyed Canadian firms do not have cyber security insurance, a concerning situation made worse by an incomplete understanding of how premiums are priced and failure to do everything possible to guard against breaches, FICO notes. In all, 36% of polled Canadian security executives say their firms have no cyber security […]
Technology-focused investments are pushing business model changes across industries, and insurance is not immune to these pressures, a new study by global investment management firm Conning suggested. Released on Wednesday, the study examines the changes that are underway in personal lines and the potential impacts on the insurance business model, focusing on product development, client […]
By Canadian Underwriter | May 31, 2017
Willis Towers Watson (WTW) announced on Wednesday that it has entered into an agreement with Roost, an innovator in smart home technology, to establish a “home telematics consortium” of five to 10 insurance carriers. WTW, the global advisory, broking and solutions company, and Roost “intend to help the property insurance industry take advantage of the […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
