Industry
Just as Amazon does not make the products that it sells, brokerages don’t write coverage. But what you do have in common with Amazon is you provide consumer choice among the products you distribute, an Alberta insurtech CEO suggests. “When you compare insurance brokers to big tech firms, you realize there are a lot of […]
By Greg Meckbach | May 31, 2021
2 min read
Provincial governments should implement a database to verify the validity of a trucking carrier’s insurance as one way of helping to identify fraud in the sector, Insurance Bureau of Canada (IBC) is recommending. At the time of policy renewals, insurers may be provided with fraudulent or unverified information regarding trucking insurance policies, IBC said in […]
By Jason Contant | May 31, 2021
3 min read
The outcome of a current standoff between auto manufacturers and the automotive aftermarket industry over who owns the data generated by automated cars will have implications for the insurance industry, according to an insurance executive. “If the data is owned and controlled by the manufacturer rather than the driver, it seems like it may get […]
By Adam Malik | May 30, 2021
OTTAWA – Canada Post says more than 950,000 customers were potentially exposed in a data breach attack on one of its suppliers. The Crown agency says it was informed by Commport Communications earlier this month that the manifest data held in their systems was compromised by a malware attack. The attack affected shipping manifests for […]
By Jason Contant | May 28, 2021
1 min read
Beware of seven deadly time thieves if you want to exercise more control over your workday and manage your time better, an organization expert said during a recent risk management conference. Andrew Mellen, a professional organizer, spoke to risk managers about what gets in the way of professionals being more organized and how days typically […]
By Adam Malik | May 27, 2021
Work conditions during the COVID-19 pandemic have created the perfect storm for a “turnover tsunami,” a Hub International speaker suggested during a webinar last week. More than 53% of Canadians have received their first dose of vaccine to protect against COVID-19, meaning a return to the office later this year is now on the horizon. […]
By Jason Contant | May 27, 2021
VICTORIA – A crew of firefighters is heading to Manitoba to help with wildfires in that province. B.C.’s Forests Minister Katrine Conroy says 41 firefighters and two support staff were deployed on Wednesday. A statement from Conroy’s office says the BC Wildfire Service welcomes the chance to share firefighting resources with other jurisdictions. Precautions to […]
Allianz Holdings plc has named Colm Holmes, currently CEO of Aviva General Insurance in the United Kingdom, as its new CEO, effective at the end of November 2021. Holmes will be a familiar name to anyone who had dealings with Aviva Canada between March 2018 and June 2019, when Holmes was the CEO of Aviva […]
By David Gambrill | May 26, 2021
One cybercriminal recently mused online that hackers are incentivized to launch cyberattacks because companies have cyber insurance coverage, a theory recently debunked by cyber insurance experts. The cybercriminal’s rationale? Since insurance exists for the victims, the hackers will be paid. But there is a fatal flaw to that theory, cyber experts observed during a recent […]
By Adam Malik | May 26, 2021
As insurers and brokers increase their efforts to go digital, consumers still say they want an omni-channel and personalized experience, according to Ipsos survey results of more than 13,000 Canadian adults. “The preference to buy directly from the [insurance] company rather than using a broker is prevalent in the purchase phase, and later, the website […]
By Jason Contant | May 26, 2021
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