Tech
Specialized travel insurance provider TuGo has launched an Affiliate Program, a secondary distribution channel to reach travellers who aren’t currently buying products through traditional channels such as brokers. TuGo’s CEO, Patrick Robinson, told Canadian Underwriter Monday that TuGo’s Affiliate Program (TAP) is designed for Canadian individuals and organizations who are unlicensed to sell travel insurance, […]
By Jason Contant | July 23, 2018
2 min read
Legal / Regulation
The public policy division of Travelers is recommending that a “clear risk transfer mechanism” be in place to adapt auto insurance for autonomous vehicles. “While there has not been widespread attention paid to how liability and compensation will be addressed as AVs [automated vehicles] multiply, product liability has been raised as the inevitable default option,” says a […]
By Jason Contant | July 22, 2018
When Intact started giving discounts on auto insurance to people with winter tires, the result appeared to be counter-intuitive. Motorists insured by Intact who reported having winter tires installed “were having worse loss ratios” than those driving in the winter without winter tires, Jean-François Larochelle director of Intact’s data lab, suggested Wednesday during a webinar, […]
By Greg Meckbach | July 22, 2018
The Co-operators and insurtech Slice Labs announced Wednesday a partnership to allow the insurer to launch a new digital insurance brand in Canada. The first product – underwritten by The Co-operators – will be a pay-per-use homeshare offering under the brand name duuo. That product will be for hosts using homesharing platforms such as Airbnb, HomeAway […]
By Jason Contant | July 18, 2018
Operations
Fineqia International Inc. has taken an equity allocation in Black Insurance, a Vancouver-based digital insurance startup on the blockchain .
By David Gambrill | July 12, 2018
3 min read
Don’t hold your breath waiting for the first fully autonomous car to hit the streets anytime soon. Car manufacturers have projected for years that we might have fully automated cars on the roads by 2018. But for all the hype that they bring, it may be years, if not decades, before self-driving systems are reliably able […]
By Jason Contant | July 8, 2018
While the majority of polled Canadians (86%) believe they are increasingly at risk of identity fraud, only about one-quarter have identity fraud protection, a recent survey has found. Conducted on behalf of Vancouver-based fintech company Mogo, the survey polled 1,514 adult Canadians. Eighty-six per cent believed they are increasingly at risk of identify theft and […]
By Jason Contant | July 5, 2018
German-based tech provider GFT Technologies SE (GFT) has acquired V-NEO Inc. (V-NEO), a Quebec-based IT provider to the Canadian property and casualty insurance industry. Founded in 2011, V-NEO has acted as a service partner for the P&C insurance Guidewire platform. Headquartered in Quebec City, the company employs 160 people at its three sites in Quebec, […]
By David Gambrill | July 3, 2018
How to protect your clients from running afoul of the European Union’s privacy breach law.
July 1, 2018
1 min read
In a fiercely competitive and increasingly challenging commercial lines marketplace, Opta Information Intelligence’s Commercial Perils Solution can now display an unparalleled scope of risk related insight to a particular piece of business. Allowing savvy underwriters to better manage their existing portfolio while ensuring they are growing their book profitably. The Commercial Perils Solution is the […]
By Ian Portsmouth | June 25, 2018
4 min read
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