Operations
Insurance companies are looking for truck fleets to use telematics data to develop individual driver scorecard programs.
By David Gambrill | November 17, 2022
3 min read
Employees were told during a 9 a.m. meeting, Pacific Time, according to the source, at which time the CEO spoke of a restructuring that would eliminate positions company-wide. The company acknowledged the staffing reductions (but did not confirm the 25% number) in a statement released Tuesday. “We have made some changes today to our team […]
By David Gambrill | November 16, 2022
2 min read
Tech
Aon reports softer market conditions in Canada’s D&O insurance market, with ample capacity and price decreases in 2023 Q3.
By David Gambrill | November 14, 2022
Canadian auto parts makers say the supply picture is improving and helping boost their bottom line, but disruptions continue to weigh on operations and profits. Magna International Inc. said Friday the picture has improved significantly from last year as global third-quarter auto production rose 24 per cent. The rebound helped the company’s sales rise 17 […]
By Jason Contant | November 8, 2022
Ontario’s privacy commissioner calls for businesses to consider an insurance policy that covers costs of responding to a ransomware attack.
By David Gambrill | October 31, 2022
Much like Amazon, P&C insurance brokers offer consumers distribution, choice and data, a broker executive observed at the Insurance Brokers Association of Ontario (IBAO) convention in Toronto last Thursday. In the same way, brokers offer insureds three things that underpin the offerings of big tech firms like Google, Facebook, Uber and Airbnb, said Sherif […]
By Alyssa DiSabatino | October 24, 2022
“Many EVs come with advanced safety systems that make them less likely to be involved in a collision, which can drive rates down."
By Jason Contant | October 18, 2022
99% of agencies have a management system and a large majority (62%) underutilize their system's ability to produce useful insights and data
By Alyssa DiSabatino | October 18, 2022
Legal / Regulation
Regulators and governments can work with the insurance industry to develop the cyber product through data sharing and consumer education, said Celyeste Power, IBC’s executive vice president of strategic initiatives and advocacy during a Canadian Underwriter webinar. “We think governments and regulators do play an important role in this,” said Power. “There’s a big role on data […]
By Alyssa DiSabatino | October 14, 2022
The Manitoba government needs to better protect its information systems from internal misuse and outside attacks, the auditor general says.
By Jason Contant | October 14, 2022
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