Industry
Alongside the increasing importance of data collection is a growing concern among brokers that insurers could potentially use that very same data against the brokers who collected it. Speaking strictly on background, brokers at the 2019 Insurance Brokers Association of Ontario (IBAO) Conference in Toronto last Thursday raised questions about situations both hypothetical and real. […]
By David Gambrill | October 28, 2019
4 min read
The need for tailored offerings and coverage for multiple operations remains important in the small business insurance market, Aviva Canada told Canadian Underwriter Wednesday. There is an increasing demand for the right service, education and choice, said James Warburton, Aviva’s vice president of commercial insurance enablement, in an interview Wednesday. “Small commercial is big in […]
By Jason Contant | October 24, 2019
2 min read
Desjardins General Insurance Group’s new president and chief operating officer is Valérie Lavoie. Denis Dubois (pictured), DGIG president until recently, now heads the life insurance and wealth management side of Desjardins Group, a spokesperson told Canadian Underwriter Wednesday. Lavoie is also executive vice president of P&C insurance for Desjardins Group. Levis, Quebec-based DGIG ranked third […]
By Greg Meckbach | October 23, 2019
Malware cyber attacks are on the rise compared to one year ago, according to Chubb, with a new type of strain on the rise. The first half of 2019 has seen more ransomware attacks than 2018, catching the eye of the insurer in its third-quarter edition of its Chubb Cyber InFocus Report, where it called […]
By Adam Malik | October 23, 2019
3 min read
Gore Mutual is making a number of key changes to its executive team as part of a new strategy to grow into a digital-led national insurer, the carrier announced Wednesday. It intends to grow beyond its core markets of Ontario and British Columbia. As part of the announced changes, chief information officer Sean Christie and […]
By Jason Contant | October 23, 2019
Something good may be in store for the property and casualty insurance industry as a result of the federal election Monday night. With the re-election of the federal Liberal party, albeit a minority, the stage is set for the speedy arrival of a flood risk mitigation plan. The Liberals promised a number of items in […]
By Adam Malik | October 22, 2019
Although the National Flood Insurance Program (NFIP) in the United States has its shortcomings, a similar program could benefit Canada if steps were taken to avoid its flaws, suggested an article published in MSA’s Quarterly Outlook Report for Q2 2019. Some of the flaws include the continuous renewal of flood insurance policies despite repeated claims […]
By Jason Contant | October 18, 2019
HALIFAX – Maritimers are facing strong gusts and localized downpours today as a slow-moving low pressure system crawls through the region. Ian Hubbard, a meteorologist at Environment Canada, says it’s expected that there will be sustained winds of about 60 kilometres per hour through much of Nova Scotia, Prince Edward Island and parts of New […]
By Jason Contant | October 17, 2019
1 min read
Quebec’s financial regulator and an auto insurance group have announced the launch of a new auto policy designed for drivers who don’t own a vehicle. Regulator Autorité des marchés financiers (AMF) and Groupement des assureurs automobiles (GAA) said Monday the new policy – Quebec Auto Insurance Policy No. 2 – Insurance for drivers who do […]
By Jason Contant | October 15, 2019
Ontario’s new financial regulator wants to encourage innovation by allowing new product or distribution ideas on a trial basis. “Because if you don’t allow people to iterate… then it’s easier for them not to come in,” Mark White, CEO of the Financial Services Regulatory Authority of Ontario (FSRA), said Oct. 1 during the Insurance Institute […]
By Jason Contant | October 11, 2019
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