HR
The Plug and Play Tech Center, a Silicon Valley global technology accelerator and venture fund, announced that it has partnered with the world’s largest reinsurer – Munich Re – to create what it is calling the first ever accelerator program for startups focused on insurance technology and innovation. In partnership with founding anchor partner Munich […]
By Canadian Underwriter | May 2, 2016
3 min read
John Sharoun, recipient of The CIP Society's 2016 Greater Toronto Area Fellow of Distinction Award, knows making an effort can produce solid results.
By Angela Stelmakowich, Editor | May 1, 2016
6 min read
Tech
The consolidation trend continues in the property and casualty market in Canada, as carriers seek new product lines and distribution channels. But a sound integration plan, including technology, legal and actuarial processes, is just as important as selecting an acquisition target.
By Janice Deganis, Canadian Insurance Leader; and Ron Stokes, Canadian Financial Services Transactions Leader, EY | May 1, 2016
5 min read
Suppose that, because the name Bruce Springsteen appears nine times in this editorial (twice in the lede), an Internet search engine misidentifies Bruce Springsteen, rather than self-driving cars, as a key topic. Search engines are now pertinent to traffic safety because Google Inc. is advocating for self-driving cars without steering wheels or pedals. Ontario is […]
By Greg Meckbach, Associate Editor | May 1, 2016
Legal / Regulation
Driver distraction and fatigue are believed to be the root causes of many large auto losses. Even when drivers have their eyes on the road, the mere act of talking on a hands-free wireless device can adversely affect both field of vision and the ability to concentrate on the task of driving, one risk management expert cautions. While hours of service regulations stipulate the amount of rest that commercial drivers must have, one sleep expert warns that sleeping at the right time is just as important as getting the right amount of sleep.
13 min read
Allowing both discounts and surcharges for all telematics programs are among the changes that could help ensure telematics has a bright future in Canada, Donald Light, director of Celent’s North America property casualty practice, suggested Thursday at Insurance Telematics Canada 2016 in Toronto. Right now, there are some things “inhibiting, to some degree, the growth […]
By Jason Contant | April 30, 2016
The Financial Services Commission of Ontario (FSCO) has drawn a line in the sand when it comes to using telematics data for claims management, but it is not a given that line will always be in place, Blair Currie, vice president of Canadian business development for Intelligent Mechatronic Systems Inc. (IMS), suggested Thursday during an […]
By Jason Contant | April 29, 2016
4 min read
Global IT spending in insurance will grow to US$184.9 billion this year, according to a report released on Thursday by Celent, a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. The report, titled IT Spending in Insurance: A Global Perspective, estimated that continued growth will increase to US$208.1 […]
By Canadian Underwriter | April 28, 2016
2 min read
Just 27% of the 330 respondents taking part in a recent online survey monitor business partners at least quarterly or more often, note findings from the 2016 Anti-Corruption Survey Report, released this week. Findings in the report from Dow Jones Risk and Compliance, in association with MetricStream Research, are based on responses to a survey […]
The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced on Wednesday the introduction of TechAdvantage – a product the company is calling the “first equipment breakdown insurance product covering undetectable physical damage to microelectronics.” TechAdvantage expands equipment breakdown and business interruption coverage beyond evidence of physical damage to circuit […]
By Canadian Underwriter | April 27, 2016
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