Legal / Regulation
The insurance industry as a whole needs to focus more on long-term issues, Neville Henderson, the assistant superintendent of the insurance supervision sector of the Office of the Superintendent of Financial Institutions (OSFI), suggested on Wednesday. Speaking at KPMG’s 25th Annual Insurance Conference at the Metro Toronto Convention Centre, Henderson told attendees that the industry […]
By Jason Contant | December 9, 2016
3 min read
Tech
Northbridge General Insurance Corporation is writing an auto policy for RideCo, which provides what RideCo calls “personalized, express transit service” in the Kitchener-Waterloo, Ontario area, Northbridge Insurance announced Thursday. “The Northbridge Insurance policy is issued to RideCo, with both RideCo, RideCo drivers and vehicle owners as named insureds,” wrote a spokesperson for Northbridge, owned by […]
By Canadian Underwriter | December 8, 2016
2 min read
Online insurance company belairdirect has launched a new home insurance “quick quote” tool aimed at reducing the amount of time customers typically spend obtaining such a quote. Belairdirect said in a press release on Thursday that tool, “accessible through any web browser or smartphone, can generate an accurate quote in a matter of minutes by […]
British Columbia’s Ministry of Transportation and Infrastructure is advising drivers in Metro Vancouver that “work is well underway” to prepare the Alex Fraser and Port Mann bridges for a snowfall expected later Thursday. On Tuesday, the Canadian Press reported that transportation minister Todd Stone said that “more needs to be done” to prevent chunks of […]
HR
The continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an absence of mid-sized players, where there is a move to smaller, regional niche players and […]
By Jason Contant | December 7, 2016
Large-format lithium-ion batteries, such as those used in electric cars, tend to ignite more quickly in a warehouse fire and generally present a higher hazard than small-format batteries used in smartphones and laptops, according to new research. FM Global, one of the world’s largest commercial property insurers, released the results of its newly conducted research […]
By Canadian Underwriter | December 7, 2016
The biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution, according to a new executive brief from Boston-based research and advisory firm Novarica. Released on Tuesday, the report, titled Five Potential Changes in 2017 for Insurance, details the areas where insurers see “real change” is likely next […]
By Canadian Underwriter | December 6, 2016
Aviva Canada has announced the 13 grand prize winners of the Aviva Community Fund (ACF) competition. The 13 grand prize winners will share $1 million in funding from ACF and will also have access to a number of free services from CanadaHelps.org – a partnership announced earlier this year to increase the impact of Aviva […]
Archway Insurance, one of Atlantic Canada’s largest insurance brokerages, announced on Tuesday that it will purchase Alliance Assurance effective Dec. 31. Alliance is one of the largest brokerages in New Brunswick, with nine locations serving communities across the province, Archway said in a press release. Archway reported that the Alliance offices will continue to operate […]
OTTAWA – Publicity about near-misses between drones and passenger aircraft might give terrorists ideas about how to take down a plane, a federal intelligence report warns. The Transport Canada report obtained by The Canadian Press also suggests small unmanned aerial vehicles, or UAVs, could easily be used for advance surveillance of targets. The report tempers […]
By Jason Contant | December 5, 2016
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