Tech
Providers dealing with Millennials must have a clear value proposition and understand the importance of communicating in a way that is most comfortable for their clients, David Nugent, WealthSimple’s portfolio manager and chief compliance officer, suggested Monday during an event sponsored by Advocis, the Financial Advisors Association of Canada. Phone calls to Millennials often go […]
By Angela Stelmakowich | November 15, 2016
4 min read
TORONTO – Two crew members of a Porter Airlines flight en route from Ottawa to Toronto were slightly injured Monday when a plane was forced to take evasive action to avoid a mid-flight collision with what is suspected to have been a drone, the airline and safety officials said. The Dash 8 aircraft with 54 […]
By Jason Contant | November 14, 2016
2 min read
More than half of P&C insurers surveyed by insurance strategic advisory firm Strategy Meets Action (SMA) are at least aware of the implications and potential of blockchain in the industry, a new report from the company has found. In particular, 33% of P&C insurers polled “are now starting to understand it” and 20% are “aware […]
By Canadian Underwriter | November 11, 2016
3 min read
HR
The Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Pembridge Insurance Company and Pafco Insurance Company of Markham, Ont. have both obtained CSIO certification for Personal Lines eDocs. “We are pleased to now offer our brokers access to their Pembridge/Pafco broker declarations electronically through eDocs, after achieving CSIO certification for this initiative,” said […]
By Canadian Underwriter | November 9, 2016
The Boiler Inspection and Insurance Company of Canada (HSB BI&I) has launched a new comprehensive equipment breakdown insurance package – All Systems Go Plus, with new TechAdvantage coverages, designed for small businesses in Canada. Launched last week, the All Systems Go with TechAdvantage enhancements provides unlimited coverage for direct damage, business interruption/extra expense, spoilage and […]
By Canadian Underwriter | November 7, 2016
Technology innovation will provide the biggest growth opportunities for (re)insurers in the year ahead, according to Guy Carpenter’s annual Market Pulse Survey, released on Monday. Now in its fifth year, the survey polled 107 insurance and reinsurance professionals during the 2016 Property Casualty Insurers Association of America’s annual meeting in Dallas, Tex. on Oct. 23 […]
OTTAWA – Transport Canada has identified a brake safety issue with certain Ford F-150 models and is deciding whether Ford of Canada will be ordered to issue a recall notice. Transport Minister Marc Garneau said the government agency contacted Ford and is disappointed that the automaker disagrees with its assessment. Ford said the American National […]
By Jason Contant | November 7, 2016
1 min read
Insurers in Canada need to prepare for the new federal breach notification law, the back-end details of which could be ready within the next 12 months. Although the rule-making phase is not yet complete, a big change in direction is not anticipated, with the information provided to date likely offering a solid blueprint for the final rules.
November 6, 2016
6 min read
Ed, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer, will provide clients, partners and underwriters with an in-depth insight into cybercrime and cybersecurity risks, Ed […]
By Canadian Underwriter | November 4, 2016
Legal / Regulation
The Ontario Securities Commission (OSC) and the Australian Securities and Investments Commission (ASIC) have signed a new agreement under which fintech companies in Australia and Ontario “will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market.” Under the agreement, signed in […]
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