Industry

Expectations and relevancy: What’s at risk for the P&C industry

If the property and casualty insurance industry doesn’t “come to grips” with meeting client needs, the industry is at risk of losing relevancy in the marketplace, warned an industry consultant. Phil Cook, who is also chairman of Omega Insurance Holdings, told a recent Insurance Institute of Ontario webinar that there’s a whole new host of […]

By Adam Malik | September 30, 2020

3 min read

Cybersecurity poll finds 84% rethink engaging with businesses hit by data breach

TORONTO – A large majority of Canadians are reluctant to do business with companies that suffer a data breach, according to a new study released Monday by KPMG. The report also says about one-quarter of the people surveyed for the report have had their login credentials stolen from a trusted site. The consulting firm’s report […]

By Jason Contant | September 30, 2020

2 min read

The collision industry is looking to certify shops. Will that impact auto premiums?

A push to certify Ontario collision repair shops could impact insurance rates and see premiums come down, says one automotive expert. Whether or not it does, such a move will still positively affect the insurance industry, adds an Insurance Bureau of Canada leader. A recent webinar hosted by the Automotive Insurance Industries Association of Canada […]

By Adam Malik | September 29, 2020

3 min read

Alberta’s disaster risk assessment plan in poor shape: auditor

EDMONTON – Alberta’s auditor general says the province does a poor job of anticipating and preparing for disasters. In a report released this morning, Doug Wylie says Alberta doesn’t have a consistent plan for evaluating the risk the province faces from disasters such as floods or wildfires. He says the government began preparing one in […]

By Jason Contant | September 29, 2020

1 min read