HR
The Insurance Brokers Association of Ontario’s (IBAO) executive committee announced on Wednesday that Jim Murphy has moved on from his role as CEO of IBAO, effective immediately. “This is an important time for IBAO,” Michael Brattman, IBAO chair, said in a brief statement. “The broker channel faces several exciting developments, including innovation, product reform and […]
By Canadian Underwriter | June 1, 2016
1 min read
The Insurance Brokers Association of Canada (IBAC) is accepting nominations for the 2016 Dale Rempel Award of Excellence, which recognizes an individual who has demonstrated commitment and support of education and life-long learning for those working in the property and casualty industry. Named after the late Dale Rempel – a passionate believer in broker professional […]
By Canadian Underwriter | May 31, 2016
2 min read
Operations
Customers who purchase a travel insurance plan included in a new limited program from Allianz Global Assistance Canada will be able to pay for emergency medical help while travelling without paying out of pocket. A first in Canada, the solution will “allow for payment of eligible outpatient medical expenses in real-time, eliminating any out-of-pocket expenses […]
Intact Insurance announced on Monday that it has created a new national team dedicated to growing its commercial lines specialty solutions business, which will “accelerate its plans to become the Canadian leader in specialty lines and surety.” To support this growth, Intact Insurance will be hiring about 150 insurance professionals across Canada over the next […]
By Canadian Underwriter | May 30, 2016
A single financial services regulatory approach does not mean a one-size-fits-all approach at all, a speaker stressed last week at the Canadian Insurance Financial Forum at the Allstream Centre in Toronto. Lawrence Ritchie, a partner at Osler, Hoskin & Harcourt LLP, is one member of an Expert Advisory Panel tasked with reviewing and recommending changes […]
By Jason Contant | May 30, 2016
4 min read
Tech
DETROIT – Eight automakers are recalling more than 12 million vehicles in the U.S. to replace potentially dangerous Takata air bag inflators. Documents detailing recalls by Honda, Fiat Chrysler, Toyota, Mazda, Nissan, Subaru, Ferrari and Mitsubishi were posted Friday by the National Highway Traffic Safety Administration. They’re part of a massive expansion of Takata air […]
By Canadian Underwriter | May 27, 2016
Legal / Regulation
The rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five to 10 years for automated vehicles, speakers suggested Wednesday at a conference in Toronto. “The […]
By Jason Contant | May 25, 2016
5 min read
A new survey out of the United States shows wide agreement that business intelligence (BI) data can provide a company with a competitive edge, but ongoing challenges remain about how best to get and use that information. Washington, D.C.-based B2B research firm Clutch reports 86% of the 291 polled respondents – those who use BI […]
By Canadian Underwriter | May 24, 2016
3 min read
Transitioning to public cloud is a slow-moving process for most businesses, according to a new study by Softchoice, a North American IT solutions and managed services provider. Released on Tuesday, the study, titled The State of Cloud Readiness: Transformation and Strategic Adoption Measured, found that while progress is at hand, about 61% of surveyed organizations […]
By Canadian Underwriter | May 20, 2016
Insurer websites are not keeping up with customer expectations, with just over half (55%) of those polled saying they “definitely will” return to the site for their servicing needs, according to the J.D. Power 2016 Insurance Digital Evaluation Study, released on Thursday. Now in its fifth year, the study, previously known as the J.D. Power […]
By Canadian Underwriter | May 19, 2016
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