Industry
With a new cyberattack focused specifically on the insurance industry, a cyber expert is urging insurance companies need to up their security game in order to protect themselves and their customers. Otherwise, insurers could be on the hook for a major breach, warned Matt Cullina, Sontiq’s head of global insurance business. Sontiq acquired CyberScout at […]
By Adam Malik | April 26, 2021
3 min read
CALGARY – A report says Alberta should lower regulatory barriers that discourage businesses from reusing abandoned oil and gas wells. The Canada West Foundation and Energy Futures Lab say that could include allowing companies to sell off defunct energy infrastructure without completely cleaning it up. The study says that could make it easier for industries […]
By Jason Contant | April 26, 2021
1 min read
Increased use of video-based telematics in the commercial fleet space, as well as the evolution of car subscription services, are just two ways in which the Canadian insurance market could change over the next few years. Panellists discussed their predictions for the personal and commercial lines markets Friday at the virtual InsurTech North conference, hosted […]
By Jason Contant | April 23, 2021
EDMONTON – Alberta has introduced a bill that would give legal protection to health workers, including long-term care-home operators, facing lawsuits over COVID-19. Richard Gotfried, a United Conservative backbencher, says the proposed legislation offers protection but is not a free pass in the courts to those who have been demonstrably derelict. “This (bill) is not […]
Leaders at property and casualty insurance organizations need to make sure they are taking care of themselves during the ongoing pandemic crisis, because if they’re not, they won’t be of much help to their staff, panellists said during a recent webinar. The well-being of senior executives and managers can’t be ignored, said Sonia Boyle, chief […]
By Adam Malik | April 22, 2021
Endorsements to auto policies as a result of changing driving habits from COVID-19 are resulting in average premium rate renewal decreases across most of the country, according to Applied Systems’ latest rating index report. Personal property rates, on the other hand, appear to be on the increase. In Canada’s personal auto lines, all provinces except […]
By Jason Contant | April 22, 2021
2 min read
VANCOUVER – An interim public alarm system is being installed on the Cleveland Dam and along the Capilano River in North Vancouver to prevent future deaths from a sudden release of water. Five people fishing on the river last October were swept away during an accidental release of water from the reservoir that supplies Metro […]
While many Canadian employees wish to return to a hybrid office — some adamantly so, according to a recent survey by human resources firm Robert Half — some believe the “fear of missing out” on the opportunity to socialize with colleagues in the workplace may make the future office look a lot more like the […]
By David Gambrill | April 21, 2021
4 min read
Small and medium-sized brokerages are increasingly getting into the digital game, while larger brokerages are acquiring or partnering with insurtech-focused companies, according to an industry observer. “At Smythe Advisory, we are increasingly seeing innovative use of technology that is either self-developed or provided by third-party platforms, amongst small to medium-sized brokerages,” the British Columbia-based P&C […]
By Jason Contant | April 21, 2021
OTTAWA – The Bank of Canada is keeping its key interest rate target on hold as it raises its outlook for economic growth this year. The key rate remains at 0.25 per cent where it has held steady for more than a year. The decision came as the Bank of Canada raised its prediction for […]
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.
