Tech
Before setting out on claims transformation efforts, property and casualty insurers should establish clear strategic goals and success metrics, consider the ways in which the claims process is changing and understand the potential impact of emerging technologies like medical analytics and the Internet of Things (IoT), Novarica said in a new report. Research and strategic […]
By Canadian Underwriter | November 16, 2016
2 min read
HR
Advanced analytics and other emerging technologies are revolutionizing the way governments and public service agencies are trying to address citizen demands, helping to overcome persistent challenges such as regulatory compliance, outdated legacy IT infrastructures and organizational cultures, according to a new research report from Accenture. Accenture’s report, titled Smart move: Emerging technologies make their mark on […]
4 min read
The Transportation Safety Board of Canada reiterated Tuesday a recommendation that Transport Canada and the rail industry “implement additional backup safety defences” in order to ensure train crew members recognize and follow block signals that govern train movements. On Nov. 28, 2000, TSB released a report on a collision Aug. 11, 1998 between two freight […]
WASHINGTON – The Obama administration urged tech companies to make millions of devices safe from hacking, underscoring the risks posed by an increasingly bewildering array of internet-connected products permeating daily life, covering everything from fitness trackers to computers in automobiles. In a report obtained by The Associated Press, the Homeland Security Department described runaway security […]
By Jason Contant | November 16, 2016
3 min read
Mergers and acquisitions in the reinsurance sector sometimes involve carriers acquiring managing general agents, while in Canada, M&As have involved insurers trying to “beef up certain parts of their enterprise,” analysts from A.M. Best Company Inc. suggested at a recent conference in Toronto. Alternative capital, such as catastrophe bonds, “has been driving” the reinsurance industry, […]
By Jason Contant | November 15, 2016
Providers dealing with Millennials must have a clear value proposition and understand the importance of communicating in a way that is most comfortable for their clients, David Nugent, WealthSimple’s portfolio manager and chief compliance officer, suggested Monday during an event sponsored by Advocis, the Financial Advisors Association of Canada. Phone calls to Millennials often go […]
By Angela Stelmakowich | November 15, 2016
TORONTO – Two crew members of a Porter Airlines flight en route from Ottawa to Toronto were slightly injured Monday when a plane was forced to take evasive action to avoid a mid-flight collision with what is suspected to have been a drone, the airline and safety officials said. The Dash 8 aircraft with 54 […]
By Jason Contant | November 14, 2016
More than half of P&C insurers surveyed by insurance strategic advisory firm Strategy Meets Action (SMA) are at least aware of the implications and potential of blockchain in the industry, a new report from the company has found. In particular, 33% of P&C insurers polled “are now starting to understand it” and 20% are “aware […]
By Canadian Underwriter | November 11, 2016
The Registered Insurance Brokers of Ontario (RIBO) has embarked on a major overhaul of its spot check program with the twin goals of promoting better consumer protection and improved broker risk management, says Norma Hitchlock, RIBO’s outgoing president. While the existing program – which involves visiting a brokerage every three to five years – has […]
By Jason Contant | November 10, 2016
Travelers Canada announced on Thursday that Heather Masterson has been appointed president and chief executive officer, effective immediately. Masterson succeeds Duane Sanders, “who has taken a senior leadership role in the company’s largest business segment in the United States,” Travelers Canada said in a press release. Masterson, who joined Travelers Canada in September 2015 as […]
By Canadian Underwriter | November 10, 2016
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