Legal / Regulation
UberX drivers using personal policies while operating as a paid ride-share operative are breaking the law and need to check with their insurance providers to ensure they have appropriate coverage, suggests Shop Insurance Canada. “If a vehicle is used for any kind of business, insurance companies will expect customers to take out a commercial auto […]
By Canadian Underwriter | May 19, 2016
2 min read
HR
Big data and analytics, cloud computing, mobility solutions and tech start-up firms are among the emerging trends driving the insurance IT spending market in the United States, according to global technology research and advisory company Technavio. Technavio’s report on the insurance IT spending market in the U.S. by technology (IT services, hardware and software) and […]
3 min read
EDMONTON – The Alberta government has introduced new rules to regulate ride-hailing companies such as Uber. Transportation Minister Brian Mason says that under Bill 16, anyone who wants to drive for such a company will have to have a professional Class 4 licence. They will also have to undergo a police information check and be […]
By The Canadian Press | May 18, 2016
Driverless cars could have significant credit implications across a wide range of sectors and companies as the technology becomes more advanced and widespread in the coming years, Moody’s Investors Service said in a report released on Tuesday. Although the extensive use of self-driving vehicles is still some way off, the technology has the potential to […]
By Canadian Underwriter | May 17, 2016
The global insurance brokerage market will grow at a compound annual growth rate (CAGR) of more than 4% during the period from 2016 to 2020, according to global technology research and advisory company Technavio. The report from Technavio covers the present scenario and growth prospects of the global brokerage market for this period, the company […]
The Canadian Council of Insurance Regulators (CCIR) announced on Monday that it has published an issues paper for public consultation on electronic proof of automobile insurance (EPAI). As electronic documentation becomes more prevalent in society – be it through smart phone apps, emails, or other forms of electronic documents – many consumers and insurers would […]
The Ontario government would have the authority to make regulations mandating collision avoidance systems such as lane departure warning, in all vehicles registered starting in 2020, if a private member’s bill before the legislature is passed into law. Bill 192, the Highway Traffic Amendment Act (Keep our Roads Safer through the use of Intelligent Drive […]
By Canadian Underwriter | May 16, 2016
As one of the brokerages that was “significantly affected” by the Fort McMurray wildfires, Sharp Insurance was able to contact every single one of its clients using analytics, attendees to the Insurance Analytics Canada conference heard on Friday. “We were able to review and mobilize our team and get in touch with all of our […]
By Jason Contant | May 16, 2016
Tech
Markham, Ont.-based Pembridge Insurance Company announced on Monday that they have launched My_BRIDGE, what they are calling the first telematics program offered through the broker channel in Alberta. Pembridge said in a press release that the usage-based insurance (UBI) offering was created to help reward those drivers who exhibit safe driving behaviours with discounts on […]
Data analytics needs to be seen as a continuous journey, not just a destination, and those insurers that look forward to analytics in 10 years’ time will be the most likely to succeed, a speaker suggested on Friday at the Insurance Analytics Canada conference in Toronto. “The best firms, the most successful firms on this […]
By Jason Contant | May 15, 2016
4 min read
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.
