HR
Early registration for the “cyber-safe” .insurance domain name opened on Wednesday via Instra Corporation, the corporate domain name retailer subsidiary of London, United Kingdom-based CentralNic plc. The protected domain space for the insurance industry “promises enhanced security for tens of thousands of insurance companies around the world, providing they can clear the authentication process that […]
By Canadian Underwriter | May 5, 2016
2 min read
Legal / Regulation
TORONTO – Uber is voicing its thanks after Toronto city council gave the ride-hailing service the green light to operate legally in the city. In a message to those who use its app, Uber said Toronto Mayor John Tory and city council have voted to “embrace ride sharing.” After hours of debate on Tuesday, city […]
By The Canadian Press | May 4, 2016
1 min read
Aviva Canada announced on Wednesday that it has developed an “affordable and convenient insurance product that would bridge the insurance gap in Quebec,” if the provincial government decides to allow ridesharing programs. Aviva Canada, a provider of home, automobile, leisure/lifestyle and business insurance, said in a press release that the coverage is independent of ridesharing […]
By Canadian Underwriter | May 4, 2016
Tech
The multi-billion pound motor insurance industry in the United Kingdom faces a period of radical restructuring as a result of the advent of autonomously driving (AD) cars, with the number of crashes set to dramatically drop and insurance premiums set to plummet, a panel discussion organized by Volvo Cars and Thatcham Research Centre heard on […]
By Canadian Underwriter | May 3, 2016
Insurers that lead in digital shopping channels also lead in premium growth, according to the J.D. Power 2016 U.S. Insurance Shopping Study, released on Friday. Now in its 10th year, the study measures auto insurance shopping, purchase behavior and purchase experience satisfaction among customers who recently purchased insurance. Satisfaction is measured in three factors (in […]
3 min read
SAN DIEGO – It’s not only drones and driverless cars that may become the norm someday -ocean-faring ships might also run without captains or crews. The Pentagon on Monday showed off the world’s largest unmanned surface vessel, a self-driving 132-foot ship able to travel up to 10,000 nautical miles on its own to hunt for […]
By Jason Contant | May 3, 2016
Autonomous vehicles will “shrink” the auto insurance industry but could also increase liability risk for municipalities, speakers suggested at a recent conference in Toronto. “Over time, this is going to transform mobility and what cities look like,” said Stephen Buckley, general manager of transportation services for the City of Toronto, of autonomous vehicles. “It’s going […]
A Canada-wide regulation mandating disclosure of privacy breaches might not be in place until late 2017, an official with the Office of the Privacy Commissioner of Canada suggested Friday. In June, 2015, the Digital Privacy Act was passed into law. Originally tabled as Bill S-4, the bill would give courts the power to “assess penalties […]
By Jason Contant | May 2, 2016
The loss of confidential information can be crucial to understanding the interactions between cyber and crime coverage, attendees to the NetDiligence Cyber Risk Summit heard on Friday. Matthew Davies, assistant vice president of Chubb Insurance Company of Canada, said that one major difference between crime and cyber policies is that the former doesn’t address the […]
A transition is occurring in which the focus is not so much on commercial vehicles as on services, including those related to telematics, that are increasingly becoming available, Sandeep Kar, global automotive practice leader for Frost & Sullivan, suggested Friday at Insurance Telematics Canada 2016 in Toronto. “Bricks and mortar is giving way to bricks […]
By Angela Stelmakowich | May 2, 2016
4 min read
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