Tech
A focus on services-based programs, and not discounts, will be a crucial differentiator for telematics and usage-based insurance (UBI) in the United States as insurers look to increase customer adoption and market growth, research and advisory firm Novarica said in a new executive brief released on Tuesday. Telematics has been growing steadily in the U.S. […]
By Canadian Underwriter | July 13, 2016
2 min read
Researchers at the Vectra Threat Labs have discovered a critical vulnerability in Microsoft Windows that enables attackers to gain system-level control over computers via infected or fake printer drivers to spread malware. “The vulnerability stems from a Windows process that allows users to quickly search for, add and use printers at home, in the office […]
HR
The government of Alberta said on Monday that it is conducting technical consultations with industry stakeholders on the private automobile insurance system. A targeted stakeholder consultation is underway to gather evidence-based information to inform potential technical changes to regulations governing the private insurance system, Alberta Treasury Board and Finance said in a media release. The […]
By Canadian Underwriter | July 12, 2016
1 min read
Despite the total core wearable technology market growing to more than US$150 billion by 2026, independent market research company IDTechEx predicts “shake-ups in several prominent sectors, with commoditization hitting hard.” IDTechEx said in its Wearable Technology 2016-2026 report, released on Friday, that the market will be worth more than US$30 billion in 2016, with over […]
By Canadian Underwriter | July 11, 2016
Intact Financial Corporation (IFC) announced on Monday that the second Intact Service Centre has opened in Canada, this time in Ottawa. The first service centre opened in Calgary this February. With the launch of the new Intact Service Centre, Intact Insurance and belairdirect customers in Ottawa can now experience a “new simpler, faster and more […]
Legal / Regulation
The Financial Services Commission of Ontario has approved a commercial ridesharing insurance policy offered by Intact Financial Corporation (IFC) in partnership with Uber Canada. Effective July 7, 2016, IFC reports in a statement that the product will provide protection to all drivers and passengers who participate in ridesharing with Uber in the province. “Every ridesharing […]
By Canadian Underwriter | July 8, 2016
3 min read
The lion’s share of surveyed IT decision-makers at large multinational corporations may be aware that employees are being employed to gain access to information, but about half of respondents do not have a cyber security strategy to prevent such behaviour. That is just one of the findings in Taking the Offensive – Working together to […]
By Canadian Underwriter | July 5, 2016
5 min read
Cyber crime is a major disruption to business, with Deloitte Canada reporting only one in five respondents say they are prepared to effectively respond to a cyber attack.
By Angela Stelmakowich, Editor | July 3, 2016
Aviva Canada and Pembridge Insurance have become the latest insurance companies to offer personal coverage for ridesharing drivers in Alberta. On Tuesday, the government of Alberta announced a new insurance policy for transportation network companies (TNCs) licensed in the province. The new policy, called Alberta Standard Automobile Form – Transportation Network S.P.F. No. 9 (SPF […]
By Canadian Underwriter | July 2, 2016
4 min read
The December 31, 2015 deadline and the six-month extension for the federal government to provide war risk indemnity under the Aviation War Risk Liability Program, meant to provide war risk indemnity to the Canadian air industry, has passed. All Canadian air carriers and aircraft operators need to obtain war risk coverage on the commercial insurance market if required under leases and/or financing documents.
By Lisha Li, Associate, Blake, Cassels & Graydon LLP | July 1, 2016
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