Risk
Technology offers great promise, but the reliance that people now have on their phones has had the unfortunate effect of contributing to distracted driving, now a leading cause of vehicle collisions.
April 30, 2015
5 min read
Telematics could offer an opportunity to identify customer-specific insurance needs and provide advice, which, it is hoped, could build loyalty that will be there as additional offerings and services unfold.
3 min read
1 Liberty International Underwriters Canada announced in April the appointment of Garth Pepper [1a] as president, replacing Mike Molony [1b], who is retiring and has served as LIU Canada president since 1999. Pepper most recently was senior vice president of LIU Canada, a position he has held since 2008. Prior to joining LIU Canada, Pepper […]
4 min read
CANADIAN MARKET Zurich Canada launches drone insurance package Zurich Canada has launched a new drone insurance product that it maintains “closes an important coverage gap” for companies already making use of drones. Developed in partnership with Global Aerospace Underwriting Managers Limited in the United Kingdom, the package will help customers across a range of industries take […]
6 min read
As ever, insurance brokers across the country are grappling with a wide variety of issues. Some issues are ongoing while some are emerging; some are regional while others are country-wide. The one constant is the need for brokers to continue to act as trusted advisors and to provide sound advice so that customers know the risks, understand coverage and have access to a wide choice of products.
March 31, 2015
13 min read
Cyber criminals have perpetrated - and continue to perpetrate - on banks around the world a spin on the classic bait-and-switch manoeuvre. The new form of phishing has already proved very costly and should serve as a caution that all industries, not just financial institutions, need to develop cyber resilience to avoid getting hooked in.
In today's data-rich environment, property and casualty insurers have an unprecedented opportunity to move beyond a one-size-fits-all approach, and tailor newer, more profitable offerings based on each customer's usage and needs. The key to future profits may lie buried in the data that insurers already have.
With the increase in water-related events, insurers have responded in a number of ways, including by introducing higher premiums and exclusions. Consumers must take steps to ensure they are prepared and to seek out advice that will help them mitigate losses should an adverse event occur.
A 2012 report from RIMS, the risk management society, notes that "while nothing is more abundant than data, nothing is more uncertain than the security of that data." Three years on and concerns around the rapid acceleration in the number and types of attacks has grown even more pressing.
7 min read
For those in the property and casualty insurance industry, be it broker, company or vendor, it is an oft-asked question that, once answered, is simply asked once again: What do customers want? In Canada’s ever-changing p&c environment – a place where data is king, analytics is queen and customer demand reigns supreme – it is […]
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