Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
It is very common to hear a backwater valve being called a backflow valve, backflow preventer or backflow prevention device and vice versa, but the two are nowhere near being the same thing. Using an incorrect term while giving a homeowner…
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Residual risks will always be around (no technology is failsafe, and there is always the human factor), but will this be enough to support more than 10,000 insurers globally?
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The policy platforms for the major parties in the Ontario provincial elections are out. Here is what you can expect from each of the parties with respect to auto insurance if they should win the election.
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Data standards drive efficiency in the broker distribution channel, but what happens when standards start to take the wheel themselves? Driverless vehicles are currently being developed by companies such as General Motors, Daimler AG, Nissan and Google, and could be…
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A study was recently released by Ron Actuarial Intelligence reviewing he effectiveness of a Forward Collision Warning (FCW) system and a Lane Departure Warning (LDW) system on bodily injury claim costs in Israel.
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My view always used to be that the most compelling use for mobile/apps for insurance is currently in the support of advisors, agents, brokers and other intermediaries, i.e. not for end customers at all.
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In a 2-1 split, the Court of Appeal for Ontario has allowed an insurer’s appeal of a priority dispute case deciding whether any insurer of any kind, or only “motor vehicle liability insurers”, are obliged to pay accident benefits pending…
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From a societal perspective, flooding is the most common natural hazard. This is true both worldwide and in Canada, where roughly 40 per cent of losses in the Canadian Disaster Database are from floods. From a homeowners (and home insurers)…
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With a little help from Brad Pitt on the way, arguably it was Michael Lewis who first introduced ‘big data’ into the public consciousness with the publication of his book Moneyball more than a decade ago. His account of how a baseball club assembled a competitive and ultimately successful team despite its weak financial situation revealed to a global audience the power of analytical, evidence-based metric approaches in developing winning strategies.
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In four weeks, we will be publishing our next IBM Institute for Business Value study. This time, we extensively interviewed 80 insurers, leaders and non-leaders, in four different market types (high and low growth, high and low maturity) to find out what leaders did differently, Continue reading
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In Niedermeyer v. Charlton, 2014 BCCA 165, the British Columbia Court of Appeal, by a 2-1 majority, reversed the summary trial decision that had found a Release and Waiver Agreement barred the plaintiff from suing for injuries sustained in a motor…
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When Ontario’s Lieutenant Governor David Onley granted Premier Kathleen Wynne’s request to dissolve the legislature, it wasn’t only the proposed budget that was put to the sword. Work also stopped on a key piece of legislation designed to reduce automobile…
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The 2014 Ontario Budget outlined a number of commitments, however many are initiatives that have been previously been announced.
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The Insurance Brokers Association of Ontario (IBAO) has come out in favour of Bill 171, the Fighting Fraud and Reducing Automobile Insurance Rates Act. The IBAO’s position, as quoted in their press release, is that unless Bill 171 is passed…
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