Legal / Regulation
VICTORIA – Vancouver is poised to join most major cities in Canada in offering ride-hailing services with the long-awaited approval Thursday of licences for companies Uber and Lyft to operate in British Columbia’s Lower Mainland and Whistler. The independent Passenger Transportation Board said the next steps for Uber and Lyft before getting vehicles on the […]
By Jason Contant | January 24, 2020
4 min read
Tech
Cyber insurers need to get a firmer handle on cyber claims response to be able to add value to their policies, a specialist insurer said recently. James Burns, cyber product leader with London, U.K.-based CFC Underwriting, said that the industry has seen lots of innovation in the area of wordings and what the actual coverage […]
By Jason Contant | January 23, 2020
3 min read
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Victoria Lemieux, Associate Professor, Archival Science and Founder & Co-Lead of Blockchain@UBC, University of British Columbia Just before the new year, approximately 15 million Canadians […]
5 min read
Brokers looking for a relatively cheap way of upping their game online should check some of the hundreds of insurtechs on the market, but it’s important to know what those insurtechs do and do not provide. If you are a broker shopping for technology offered by insurtechs, you have something on the order of 1,000 […]
By Greg Meckbach | January 22, 2020
2 min read
Silent cyber has long been a thorn in the side of some insurers, and it doesn’t look like the issue will be resolved any time soon. Part of the issue is that the cyber market doesn’t exist to cater to traditional assets being compromised by new technologies, said James Burns, cyber product leader with CFC […]
By Jason Contant | January 20, 2020
LONDON – Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences.” Sundar Pichai’s comments come as lawmakers and governments seriously consider putting limits on how artificial intelligence is used. “There is no question in my mind that artificial […]
Technology could make it easier to start up new managing general agents – which is good news for some and bad news for others, panelists suggested during a recent webinar. “If you [as an MGA] are sitting there thinking, ‘Oh I do this through my 30 years of expertise and the relationships I have built […]
By Greg Meckbach | January 17, 2020
As society becomes more accustomed to paying its bills using modern electronic methods, how should brokers respond? “For the new consumer, they are so used to paying in many many different ways. We should be allowing customers to engage on their terms. Not on our terms,” said Danish Yusuf, co-founder and CEO of commercial brokerage […]
By Greg Meckbach | January 13, 2020
Online insurer Sonnet Insurance has launched a group insurance offering, already signing on Deloitte to offer a group home and auto discount to its employees across Canada in the near future. “As Sonnet considered various approaches to scaling a profitable insurance business, we looked at group insurance to see if we could enter the space,” […]
By Jason Contant | December 26, 2019
The risk landscape for Canadian businesses continues to evolve rapidly, but that doesn’t mean companies have to be caught unprepared. These evolving risks include everything from technology and cybersecurity to shifting regulatory considerations, reputational risk, employee liability, data and privacy protection and environmental considerations, Phil Baker, head of specialist insurer Beazley Canada, told Canadian Underwriter […]
By Jason Contant | December 20, 2019
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.
