Industry
Learning how to “speak IFRS 17” will be an essential skill for insurers for both ongoing effective governance and communicating business performance to stakeholders, a partner at PwC Canada said. The changes in the upcoming insurance accounting standard can significantly impact a number of key performance indicators (KPIs) that are widely used today for managing […]
By Jason Contant | September 22, 2021
3 min read
Auto insurance is a necessary evil — drivers can’t operate a vehicle without it. And any number of factors can increase drivers’ premiums. Sometimes it’s simply the market. “The market goes up and down over time,” said Bruce Mackay, president of Mackay Insurance Brokers Inc. in Belleville, Ont. “Some things don’t change at all and […]
By Melissa Shin | September 22, 2021
2 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: Yvonne Su, Assistant Professor in the Department of Equity Studies, York University, Canada Summer 2021 saw a succession of record breaking disasters. Wildfires […]
5 min read
Unmanned aerial vehicles (UAVs) — known commonly as drones — were originally a tool solely for the military. Now they’re used regularly for civilian purposes such as photography, monitoring traffic and fighting fires, said Janarthan Sivarajah, senior new business manager, professional liability, with Toronto-based Zensurance. As with most flying objects, drones are prone to accidents. […]
By Melissa Shin | September 21, 2021
The global COVID-19 pandemic has spurred a tidal wave of people quitting their jobs in what’s being called “the Great Resignation.” What can employers do to combat this wave of resignations? Take a three-step, more data-driven approach to retention, said Ian Cook, vice president of people analytics with Vancouver-based analytics software firm Visier. First, employers […]
By Jason Contant | September 21, 2021
4 min read
MONTREAL – Police say the condition of a 77-year-old woman is uncertain after she was among nine people hit by a car outside a polling station in a Montreal suburb Monday evening. Sgt. Veronique Comtois said today the woman’s injuries weren’t life threatening but due to the victim’s age, her situation could deteriorate rapidly if […]
1 min read
Knowing the most common cybersecurity attacks can help brokers better advise their clients on risk mitigation strategies, a Canadian cyber insurance provider has said. Selling cyber policies remains a concern for many brokers, who are struggling to keep up with the increased frequency and severity of sophisticated cyberattacks and ever-evolving coverages. The more brokers understand […]
By Melissa Shin | September 20, 2021
Rising condo insurance premiums will continue at least through the first two quarters of 2022, according to LowestRates.ca’s latest Home Insurance Price Index. Condo insurance premiums are continuing to rise in Canada, sustaining a years-long increase, the rate comparison site said in a blog Wednesday. Condo rates are skyrocketing in British Columbia and Alberta in […]
By Jason Contant | September 20, 2021
Most IT teams believe that working from home has become a “ticking time bomb” that might lead to a corporate network breach, according to a recent survey from HP Inc. The HP Wolf Security Rebellions & Rejections report, released Sept. 9, found that 83% of IT teams surveyed believed that the increase in home working […]
By Jason Contant | September 17, 2021
Advising construction clients around risk management strategies and new exposures is critical as the industry continues to struggle through prolonged supply chain disruptions, the soaring costs of building materials and labour shortages amplified by the COVID-19 pandemic, a risk advisor said. “Our clients are not out of the woods yet,” said Angela McKerlich, surety and […]
By Melissa Shin | September 17, 2021
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