Editor’s Note: This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. The authors are Kerry Black, assistant professor and Canada research chair of integrated knowledge, engineering and sustainable…
Canada’s well-worn roads are getting more dangerous. Nearly half of Canadian drivers (46%) in a recent online survey say the nation’s roads are less safe today than they were a year ago. The study, conducted by Travelers Canada from Jan.…
Alberta’s long-awaited reports on auto insurance reform have waded into the controversial topic of public versus private auto insurance. A government-commissioned actuarial report by Oliver Wyman concludes B.C.- or Manitoba-style public auto insurance would lead to more significant premium savings…
A large majority (81%) of brokers believe it’s a myth that there’s a lack of diverse talent available to hire or promote. Yet, when asked about key hiring challenges facing their organizations, lack of skilled diverse talent tops the list,…
For the past 30 years, Canadian P&C insurers, brokers and law enforcement have trusted Accident Support Services International (ASSI) to help them effectively manage minor vehicle collisions. Today, ASSI is just as well known for their efforts in curbing Canada’s…
Underwriters have tightened their underwriting controls to better price for cyber risk from its 2021 high, but claims frequency in 2023 has nevertheless increased 13% since the previous year, cyber insurer Coalition reports. Claims severity across the board also increased…
Where would you like to leave things? It’s a critical question for Canada’s property and casualty (P&C) brokers, especially given the seniority of brokers represented in Canadian Underwriter’s 2024 annual National Broker Survey. More than 200 brokers nationwide shared views…
Environment Minister Steven Guilbeault is looking for options to protect a southern Ontario First Nation from repeated exposure to benzene from a nearby chemical plant, as the plant issues a new warning about air pollution. Leaders from Aamjiwnaang First Nation…
Editor’s note: An earlier version of this article incorrectly stated that the 2016 Fort McMurray wildfire cost nearly $6 billion in insured damage, citing 2016 loss totals for that year from Insurance Bureau of Canada. However, the $6 billion total…
Could virtual reality mentors help train recruits in the property and casualty insurance industry? It may sound futuristic, but early iterations of virtual reality and AI-based learning are already being used to help onboard new hires in the industry, panellists…
Alberta’s new 3.7% cap on auto insurance rate increases for good drivers may wind up hurting the province’s well-mannered motorists more than it helps them, industry sources tell Canadian Underwriter. “Your carrier probably wants to reward you for [being a…
Ches Special Risk has launched Canada’s first Shariah-compliant insurance product under the name Ethical Insurance. The product conducts insurance transactions based on principles of Islamic finance — also known as Takaful — and excludes investments or coverage of industries that…