HR
The board of directors of Peace Hills Insurance announced on Wednesday the appointment of Kathy Boychuk as incoming president and chief, effective March 2017. “It’s been great to be back but I do look forward to returning to my retirement,” said current Peace Hills president and CEO Diane Brickner in a press release. “I am […]
By Canadian Underwriter | November 10, 2016
2 min read
Vancouver-based Vertical Insurance Group Ltd., owners of Shaw Sabey, Metrix, Core, Magnes, LMG and other retail insurance brokerage businesses, has announced the acquisition of the majority interest in the capital of brokerage Axis Insurance Managers Inc., also of Vancouver. Alex Meier, Vertical Group president, will take the position of president at Axis Management. The acquisition […]
By Canadian Underwriter | November 9, 2016
The Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Pembridge Insurance Company and Pafco Insurance Company of Markham, Ont. have both obtained CSIO certification for Personal Lines eDocs. “We are pleased to now offer our brokers access to their Pembridge/Pafco broker declarations electronically through eDocs, after achieving CSIO certification for this initiative,” said […]
Tech
The Boiler Inspection and Insurance Company of Canada (HSB BI&I) has launched a new comprehensive equipment breakdown insurance package – All Systems Go Plus, with new TechAdvantage coverages, designed for small businesses in Canada. Launched last week, the All Systems Go with TechAdvantage enhancements provides unlimited coverage for direct damage, business interruption/extra expense, spoilage and […]
By Canadian Underwriter | November 7, 2016
Technology innovation will provide the biggest growth opportunities for (re)insurers in the year ahead, according to Guy Carpenter’s annual Market Pulse Survey, released on Monday. Now in its fifth year, the survey polled 107 insurance and reinsurance professionals during the 2016 Property Casualty Insurers Association of America’s annual meeting in Dallas, Tex. on Oct. 23 […]
OTTAWA – Transport Canada has identified a brake safety issue with certain Ford F-150 models and is deciding whether Ford of Canada will be ordered to issue a recall notice. Transport Minister Marc Garneau said the government agency contacted Ford and is disappointed that the automaker disagrees with its assessment. Ford said the American National […]
By The Canadian Press | November 7, 2016
1 min read
Insurers in Canada need to prepare for the new federal breach notification law, the back-end details of which could be ready within the next 12 months. Although the rule-making phase is not yet complete, a big change in direction is not anticipated, with the information provided to date likely offering a solid blueprint for the final rules.
By Eduard Goodman, Chief Privacy Officer, IDT911 | November 6, 2016
6 min read
Ed, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer, will provide clients, partners and underwriters with an in-depth insight into cybercrime and cybersecurity risks, Ed […]
By Canadian Underwriter | November 4, 2016
Legal / Regulation
The Ontario Securities Commission (OSC) and the Australian Securities and Investments Commission (ASIC) have signed a new agreement under which fintech companies in Australia and Ontario “will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market.” Under the agreement, signed in […]
The factors influencing customer loyalty are changing, demanding that insurers rethink and realign how their businesses meet customer expectations, notes a new thought leadership report released Thursday by Majesco. A significant gap exists between consumer needs and expectations and what they are provided, suggests The Rise of the New Insurance Customers: Shifting Views and Expectations… […]
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