HR
Merger activity and technology are two major issues facing brokers looking forward into 2018, says the new Insurance Brokers Association of Ontario (IBAO) president Brian Purcell. Purcell talked to Canadian Underwriter shortly after beginning his new role as IBAO president at the start of this year. He elaborated on the two issues below: M&A […]
By Jason Contant | January 4, 2018
2 min read
Tech
Digital technologies and natural catastrophes are top of mind for senior Canadian insurance executives in our 2017 Annual CEO Outlook
January 3, 2018
1 min read
With digital innovation, customers are extracting more value from their insurance partners — and this will only continue to ramp up in 2018. Insurtech startups raised $985 million in 2017 Q2 alone; investments in startups have increased by 36% over the prior year. Insurtechs may be viewed as industry disruptors, but they are necessary allies […]
By Canadian Underwriter | January 3, 2018
Pat Durepos, a well-known Canadian broker in the insurance tech space, is a key figure in a management buyout at Hubio Exchange, the Canadian division of Hubio Exchange has announced. Hubio Exchange has provided industry tech solutions to Canadian insurers for more than 15 years. It is currently working on developing accelerator solutions to facilitate […]
By Canadian Underwriter | January 2, 2018
As chair of the board of the Insurance Institute of Canada (IIC), I see graduating insurance professionals who are educated, committed, and inspiring. Their sacrifice and determination in completing their Chartered Insurance Professional (CIP) and Fellow Chartered Insurance Professional (FCIP) designations inspires us and we can have confidence that the future of our industry is […]
MONTREAL – Once thought of as a distant fantasy, autonomous trucks are moving towards commercial reality on Canadian highways as companies look to boost productivity amid a driver shortage and governments seek to reduce deadly crashes. They are not yet driving themselves out of warehouses and down the highways, but companies of all sizes – […]
By Jason Contant | January 2, 2018
4 min read
An Ontario-based property inspection and analysis company will soon publicly launch a product that could help carriers verify the authenticity of an insured’s photos, files and forms. The Image and Document Upload System (IADUS) uses specific features to help insurance industry professionals (including claims adjusters, brokers and insurers) detect fraud. IADUS, which does not require […]
By Jason Contant | December 21, 2017
MONTREAL – The Canadian Securities Administrators has issued a warning about risks associated with products linked to cryptocurrencies as interest in the space continues to rise. The umbrella organization for Canada’s provincial and territorial securities regulators singled out futures contracts in its warning, noting that while they may be traded on regulated exchanges, their high […]
By Jason Contant | December 19, 2017
Imagine clients paying you their monthly car insurance payments through social media such as Facebook’s Instant Messenger, Google+ or Apple messaging service. It may not be as far away as you think. The most recent annual study by Payments Canada, delegated by the Canadian government to provide the country’s national payments systems, observes that “social […]
By Canadian Underwriter | December 15, 2017
Opportunities for “broker-driven” usage-based auto insurance are likely to be down the road, but brokers are telling a large Canadian mutual that their insurance customers don’t want their insurers monitoring how they use their vehicles. “Our brokers are advising us that our customers are not fans of telematics,” Wawanesa chief strategy officer Carol Jardine told […]
By Greg Meckbach | December 14, 2017
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