Legal / Regulation
The Saskatchewan Taxi Cab Association (STCA) is calling on the province to “conduct real consultation” before allowing transportation network companies (TNCs) like Uber to operate in the province. In its Speech from the Throne on Wednesday, the provincial government said that it plans to introduce legislation so that Saskatchewan Government Insurance (SGI) can offer coverage […]
By Canadian Underwriter | October 26, 2017
3 min read
Tech
Advances in telecommunications, data storage, software and artificial intelligence is making it more difficult to use cost and distribution as a competitive advantage, Google Canada’s head of marketing suggested to Ontario insurance brokers Wednesday in Ottawa. Netflix and Instagram were among the firms that supplanted established industry players such as Blockbuster and Kodak, noted Fab […]
By Jason Contant | October 26, 2017
2 min read
Jardine Lloyd Thompson Canada Inc. and Certisync International have teamed up as part of a joint venture to help property managers and administrators in Canada and revolutionize how the industry regulates tenant insurance processes. Aimed at giving property managers greater peace of mind, JLT Canada announced Wednesday that it has signed on with InsuraSync, Certisync’s […]
By Canadian Underwriter | October 25, 2017
London-based CFC Underwriting is looking to beef up protection against the emerging risks that technology companies around the world face with the launch of a revamped insurance proposition. “The risks faced by tech businesses are changing as rapidly as technology itself and insurance policies have to evolve to reflect this,” Matthew Taylor, head of emerging […]
By Canadian Underwriter | October 24, 2017
Specialist insurer Beazley has reported a nine-fold increase in data breaches due to social engineering in the first to third quarters of this year. In the first three quarters of 2016, attacks involving social engineering – a form of attack that relies on human interaction and often involves tricking someone into breaking security protocols – […]
4 min read
Burns & Wilcox Canada has entered into an exclusive agreement with Node International to distribute comprehensive cyber liability insurance, a move the former characterizes as “fusing cyber security tactics and insurance like never before.” The agreement means the managing general agent will be the sole wholesaler of Node International’s cyber liability policy offerings. London-based Node […]
Disruption of operations is the biggest consequence of a cyberattack, followed closely by the compromise of sensitive data, according to a new survey from professional services company PwC. The 2018 Global State of Information Security Survey (GSISS), released late last week, is based on responses of more than 9,500 senior business and technology executives from […]
By Canadian Underwriter | October 23, 2017
A Canadian small business insurance provider, Front Row Insurance Brokers, has launched a fully automated system that allows small business owners to buy and download business liability insurance and office contents insurance policies online, without ever having to talk to a broker. “Every industry faces disruption through innovation, and this promises to be a game-changer […]
Andrew Weaver, the leader of the B.C. Green Party, has introduced his Ridesharing Enabling Act for the third time. Weaver previously introduced the bill twice under the previous B.C. Liberal government. The bill has been modified from previous versions to enable the Insurance Corporation of British Columbia to develop an insurance regime for ride-hailing, as […]
Covera Technologies Inc., a Montreal-based insurtech startup that uses technology to find its customers “optimal insurance rates every year,” has raised $1 million as part of its seed financing round led by Ferst Capital Partners, with participation from fintech “angel investors.” The seed round, which was preceded by a $500,000 pre-seed financing round in 2016, […]
By Canadian Underwriter | October 19, 2017
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