Industry

Canadian P&C exec predicts the next big growth opportunity

The legal expense insurance market is still in its relative infancy and could grow more than six times its size in the next decade, two industry leaders predict. The current value of the market in Canada is about $80 million, observed Barbara Haynes, CEO of ARAG Services Corporation. If one were to look at Europe […]

By Adam Malik | March 26, 2021

3 min read

The rationale for Intact expanding its commercial appetite

Mid-sized commercial clients are going to get bigger, so executives with Canada’s largest property and casualty insurer want to continue their expansion in specialty lines. “We are really scaling up our specialty lines capability here in North America,” Intact Financial Corp. CEO Charles Brindamour said during a recent virtual fireside chat with Jaeme Gloyn,  equity […]

By Greg Meckbach | March 26, 2021

3 min read

How to detect insurance fraud before the tow truck turf wars start

Early identification of potential insurance fraud schemes through automation can help prevent scenarios like the towing turf wars in Ontario from spiralling out of control, the CEO and co-founder of FRISS said Wednesday. “I think it is crucial for the industry…to detect these fraud schemes earlier, before they scale up and…get to that mess [resulting […]

By Jason Contant | March 26, 2021

3 min read

BRP to invest $300M over five years to create electric versions of its vehicles

MONTREAL – BRP Inc. announced an ambitious expansion into electric vehicles on Thursday, investing $300 million over five years as the company looks to adapt to market trends and broaden its appeal to a new set of customers. The maker of Ski-Doos and Sea-Doos plans to offer electric versions of its recreational vehicles in each […]

By Jason Contant | March 26, 2021

3 min read