Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
Each year, EY publishes our Canadian property and casualty insurance outlook, where we take the pulse of the industry and note what challenges – and opportunities – are in store for the year ahead. It’s fair to say the industry…
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Full disclosure here. I worked with Justice Douglas Cunningham on his review of Ontario’s Dispute Resolution System (DRS) and fully support his recommendations. In the process of coming up with his recommendations, Justice Cunningham listened to a lot of users…
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It is unfortunate that insurance is continually being influenced by politics. It is frequently used by a party to gain votes prior to an election or simply to stay in power. Currently the Liberal Party (Liberals) in Ontario needs the…
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On February 1st, three amendment to the SABS became effective. These changes were met with criticism by some stakeholders because the Ontario government chose not to consult on the amendments before introducing them. The reaction of stakeholders was predictable with respect to…
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Rapid advances in technology have brought a new level of convenience to customers. Communication channels such as e-mail, mobile web and social media are now in active use for conducting insurance business. More than ever, brokers will need to market…
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The Ontario government has introduced new legislation “Fighting Fraud and Reducing Insurance Rates Act” to reduce auto insurance costs, fight fraud and protect consumers. IBC welcomes the proposed legislation, which reflects several recommendations from the property and casualty insurance industry.…
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I previously reported that based on HCAI data that it appears the minor injury definition was holding up. However, that doesn’t mean claimants are remaining in the Minor Injury Guideline (MIG). I would like to continue to examine data related…
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I assisted Justice Douglas Cunningham carry out his review of the Ontario auto insurance dispute resolution system (DRS). His report was recently submitted to the government and included 28 recommendations which if implemented would remove the system from Financial Services…
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Charles Sousa, Ontario Minister of Finance, just released the report of the Honourable J. Douglas Cunningham on the Automobile Insurance Dispute Resolution System (DRS) in Ontario. Although his review was for the purpose of speeding up claims settlements and reducing costs, it would appear…
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In December 2013, the IBC published the first set of standard HCAI reports. The document provides over 60 pages of aggregate data collected by HCAI going back to 2011 up to the first half of 2013. HCAI was made mandatory…
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