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PHILADELPHIA – RIMS, the risk management society, has announced that Alex’s Lemonade Stand Foundation (ALSF) is the beneficiary of the society’s 2017 Community Service Day Project, sponsored by ESIS. The project, which this year focuses on combating childhood cancer, is part of RIMS 2017 Annual Conference & Exhibition. The annual four-day event is being held […]
By Canadian Underwriter | April 23, 2017
2 min read
Allianz SE announced on Friday that it has recently made a “strategic investment” in Lemonade Insurance Company, a New York-licensed renters and homeowners insurer powered by artificial intelligence and behavioural economics. “The partnership ties in neatly with our digitization focus,” Allianz said in a statement. “After all, insurance technology – or insurtech for short – […]
By Canadian Underwriter | April 22, 2017
The Centre for Study of Insurance Operations (CSIO) has announced that Optimum General Inc. has obtained CSIO certification for commercial lines eDocs. Optimum is now CSIO eDocs-certified for both of its lines of business, as the company obtained certification for personal lines eDocs in 2015, CSIO reported in a press release on Thursday. “Optimum is […]
By Canadian Underwriter | April 20, 2017
Canadian property and casualty managing general agency (MGA) Can-Sure Underwriting and Beacon Underwriting announced on Tuesday that Cameron Copeland will assume the role of president. Copeland assumed the role effective April 15, succeeding Can-Sure founder Jeff Hart, who has “decided to step away from the industry to spend more time with his family and pursue […]
By Canadian Underwriter | April 18, 2017
The Centre for Study of Insurance Operations held its annual general meeting Thursday, acclaiming the president of the Insurance Brokers Association of Ontario as a new board member and announcing the use of its eDocs standard was up about 45% in 2016 from the year before. In 2013, CSIO announced that eDocs would be its […]
By Jason Contant | April 16, 2017
3 min read
The Insurance Brokers Association of Manitoba (IBAM) announced on Thursday that CEO Dave Schioler will be stepping down effective April 11, 2018. Noting that he still has much to do at IBAM during what will now be a transition year, Schioler said in a press release that “he has been presented with a couple of […]
By Canadian Underwriter | April 15, 2017
Fully online insurance company Sonnet is the “first step in a multi-step journey” and the learnings from that process will be applied back to other parts of Economical Insurance’s business, Economical senior vice president and chief marketing officer Michael Shostak said last week. “Everything we did with Sonnet, whether it was the customer insights or […]
By Canadian Underwriter | April 10, 2017
The sharing economy is not fully served by the insurance industry right now, but the opportunity is there, Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction, said on Thursday at the CIP Society Symposium 2017. Kovacs, who is also a research consultant for the Insurance Institute of Canada (IIC) and […]
By Jason Contant | April 9, 2017
4 min read
One Alberta brokerage and two Ontario brokerages announced on Tuesday that they will join BrokerLink, one of the largest Canadian property and casualty insurance brokerages. Alberta-based Full Circle Insurance Ltd. and Ontario brokerages Fairview Insurance Brokers Inc. and Steven Kaluski Insurance Brokers Ltd. announced they would join on Tuesday, BrokerLink reported in a press release. […]
By Canadian Underwriter | April 5, 2017
Analytics is the single greatest disruptor to the Canadian insurance industry today, according to 65% of executives polled for a recent survey by Insurance Nexus, a division of FC Business Intelligence. Insurance Nexus reported on Tuesday that it recently surveyed more than 100 insurance executives from across Canada to get a benchmark of “what is […]
By Canadian Underwriter | April 4, 2017
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