HR
The traditional insurance world must change with the times – reflecting shifting demographics and fostering diversity – if it is to build on the progress made with regard to attracting more young professionals to the field. “The traditional (insurance) world is not going to be sustainable 10, 15 years down the road,” Heather Masterson, president […]
By Angela Stelmakowich | November 23, 2016
4 min read
The Insurance Institute of Canada (IIC) has awarded Silvy Wright, president and CEO of Northbridge Financial Corporation, an Honorary Chartered Insurance Professional (HCIP) designation and presented IIC volunteer Ted Teterenko with an Award of Merit. In awarding Wright (pictured right) the designation, the IIC said in a press release on Wednesday that it is recognizing […]
By Canadian Underwriter | November 23, 2016
Tech
Canada needs a law requiring on-board cab voice and video recordings in locomotives, the Transportation Safety Board of Canada suggested Tuesday. “On-board voice and video recorders on locomotives would help advance railway safety,” TSB stated in a tweet, reiterating an issue released on its “watch list.” That watch list, released Oct. 31, is one of […]
3 min read
The global usage-based insurance (UBI) market is expected to garner US$123 billion by 2022, growing at a compound annual growth rate of 36.4% from 2016 to 2022, according to a new report from Allied Market Research (AMR). According to the report, the short title of which is Usage-Based Insurance Market by Service Type, North America […]
2 min read
Insurance carriers will expand their coverage of unmanned aircraft systems, or drones, while the absence, in the United States, of airworthiness certification requirements imposes a “considerable amount of diligence” on property and liability insurers covering drones, Global Aerospace Inc. suggested in a recent white paper. Some insurers “offer comprehensive coverage for physical damage to owned, […]
By Canadian Underwriter | November 22, 2016
Blockchain technology will be a source of both disruption and opportunity for insurers, according to a new report from Boston-based research and advisory firm Novarica. In its latest executive brief, released on Monday, Novarica predicted that the technology would have a “significant long-term impact on insurers across the board.” When Novarica published its 2015 report […]
By Canadian Underwriter | November 21, 2016
Saskatchewan Government Insurance (SGI) announced on Monday that 335 impaired drivers were stopped during the province-wide focus on impaired driving in October. The blitz involving SGI and law enforcement officers included 335 offences related to impaired driving, including 314 Criminal Code of Canada charges (impaired driving, blood alcohol content (BAC) over .08 or refusing a […]
Tech company Veniam has signed its first-ever collaboration agreement in Asia with info-communications provider StarHub to create a connected vehicle mesh network in Singapore by transforming thousands of connected vehicles into mobile Wi-Fi hotspots. Veniam’s aim “is to connect thousands of buses, taxis and autonomous vehicles to operate as a vehicle mesh network, thereby expanding […]
Capgemini has announced that it is launching a global fintech initiative “to fast track fintech engagements with its global financial services clients.” Capgemini – a provider of consulting, technology and outsourcing services – announced the initiative on Wednesday, saying in a statement that it will “bring together its domain and integration expertise to scan, select, […]
By Canadian Underwriter | November 17, 2016
Nearly seven in 10 Canadian drivers are adopting the use of winter tires, according to a new survey by Leger for the Tire and Rubber Association of Canada (TRAC). Outside of Quebec, where use of winter tires is the law, 68% of Canadian drivers now use winter tires, TRAC said in a press release on Wednesday. The results […]
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.
