Industry
COVID-19 has accelerated insurance carriers’ plans towards digital transformation, but Canada’s insurers are in their “infancy” when it comes to meeting policyholders’ growing demands for texting with their carriers, says a former insurance executive. Speaking at the Reuters virtual Future of Insurance Canada event Monday, Barbara Bellissimo said while many Canadian insurers do have texting […]
By Melissa Shin | August 25, 2021
2 min read
VANCOUVER – Emergency Management BC says about 3,700 properties were on evacuation order on Wednesday, down from nearly 8,200 a week ago. A news release says nearly 11,300 properties were on evacuation alert – which means people must be ready to leave on short notice – also down from more than 23,000 last week. The […]
By Jason Contant | August 25, 2021
1 min read
The insurance industry needs to move forward and simplify intellectual property (IP) coverage for the small- and medium-sized enterprise (SME) market, a specialist insurance provider said. IP insurance typically involves long, complicated proposal forms, a fee charged to get a proper quotation, and a lot of legwork and time, said Maddi Brown, intellectual property practice […]
By Jason Contant | August 24, 2021
3 min read
Hub International Limited announced Tuesday it has signed a purchase agreement to acquire the Aviva Canada subsidiary that provides new home warranty in British Columbia and Alberta. The terms of the acquisition of National Home Warranty Group Inc. were not disclosed. “Our investment in National Home Warranty rounds out Hub’s capabilities in Western Canada to […]
VANCOUVER – The BC Wildfire Service says cooler and below seasonal average temperatures have helped crews fight the blazes. Fire information officer Taylor Colman says crews are seeing between three and five fires start each day compared with about 40 in July. She says most of the wildfires of note – including White Rock Lake […]
Brokers must secure their client data to protect their trusted advisor status, a cyber insurance provider has warned. “What many brokers fail to realize is that when customers engage them as a trusted risk advisor, it implies they’re also trusting them with their data,” said Vishal Kundi, CEO and co-founder of Toronto-based BOXX Insurance, told […]
By Melissa Shin | August 23, 2021
While the COVID-19 pandemic has accelerated P&C’s digitization investments, the need for human connection within digital insurance should not be overlooked, a digital identity firm says. “As the insurance industry accelerates its pace towards digitization, we must keep in mind that insurance is a trust product,” said Mary Ellen Power, vice president of marketing at […]
By Melissa Shin | August 20, 2021
With provinces across Canada lifting mobility restrictions, one survey by InsuranceHotline.com shows that 23% of Canadians are ready for a getaway — perhaps to the cabin near trees, beaches and the lake. But some cottagers may be in for a rude welcome when they arrive, according to claims patterns observed by Aviva Canada. “Where are […]
By Jason Contant | August 19, 2021
If your clients are taking a test on auto insurance, it’s likely they would barely pass, the results of a recent Ratehub.ca survey reveal. Rate comparison site Ratehub.ca reported last week the results of a poll of more than 1,300 Canadians with auto insurance. The poll looked at common misconceptions around how car insurance works, […]
As Canada emerges from the COVID-19 pandemic, independent brokers will place strategic alliances with insurers at the top of their expectations list, members of the Canadian Broker Network (CBN) said. “The pandemic has significantly increased the awareness and consideration for many independent brokers to sell, and certainly enhanced our partnerships with carriers through these challenging […]
By Melissa Shin | August 19, 2021
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