Industry
Telematics technology, or usage-based insurance (UBI), gives auto insurance carriers an opportunity to change drivers’ behaviour and offer additional services such as diagnostics, according to executives from carriers offering or planning to offer the technology. Industrial Alliance Home and Auto Insurance Inc. of Quebec City introduced its Mobiliz program, aimed primarily at drivers aged 16 […]
By Canadian Underwriter | March 19, 2014
4 min read
BERLIN – German insurance company Allianz says it has made initial payments in connection with the missing Malaysian Airlines plane. Allianz’s global head of communication Hugo Kidston confirmed Wednesday that the Munich-based insurer and ”other co-reinsurers of Malaysia Airlines aviation hull and liability policy have made initial payments.” Kidston said the payments were in line […]
1 min read
The “digital insurer” must provide cross-channel excellence, which demands not only understanding the customer, but also presenting the same face to that customer regardless of the channel or situation, Scott Laiken, managing director of insurance strategy and transformation at Accenture, suggested Monday. “Digital business is about customer experience. It’s not about being the cheapest provider […]
3 min read
Aviva Canada has obtained certification for eDocs, the Centre for the Study of Insurance Operations said Tuesday. “After launching a national eDocs program a year ago in both languages, we are proud to receive the CSIO endorsement,” Robert Merizzi, CIO for Aviva Canada said in a press release from CSIO. “The certification reflects our team’s […]
By Canadian Underwriter | March 18, 2014
WINNIPEG – The Manitoba and federal governments are promising $42 million for flood protection measures. The province says $27 million is to go to enhance anti-flood infrastructure in Brandon. The remaining $15 million is to be used to convert temporary protection measures into permanent ones in seven communities. Shelly Glover, Manitoba’s senior federal cabinet minister, […]
By The Canadian Press | March 18, 2014
A personal lines insurer in the United States has launched a new video appraisal service for auto insurance claims, which policyholders can use through the company’s mobile app for the iPhone or Android smartphones. The service from Esurance, the direct-to-consumer personal insurance company owned by Allstate, allows consumers to video chat in real-time with an […]
By Canadian Underwriter | March 17, 2014
The Guarantee Company of North America has partnered with Brovada Technologies to launch a new eDocs Solution for personal lines brokers. The offering is designed to save brokers time by allowing for easy download of policy documents to a broker management system (BMS). The solution will also enable streamlined workflows and increase ease of doing […]
2 min read
The Co-operators announced Monday it is introducing a program in Ontario that employs usage-based insurance (UBI) technology to allow for more customized auto insurance and lower premiums for safe drivers. The en-route Auto Program – which uses UBI technology developed by Intelligent Mechatronic Systems (IMS), a provider of connected car technology – will be available […]
Reinsurance provider Hannover Rück SE could spend about €30 million on claims arising from missing Malaysia Airlines Flight MH370, published reports indicate. Reuters Friday quoted Ulrich Wallin, chief executive officer of Hannover Re, as saying the Hannover, Germany-based carrier expects to “see a hit” of about €30 million. “Hannover Re has suggested its own net […]
By Canadian Underwriter | March 14, 2014
United States president Barack Obama is set to sign into law a bill relieving homeowners living in flood-prone neighbourhoods from big increases in their insurance bills. The legislation, which cleared Congress on Thursday, reverses much of a 2012 overhaul of the government’s much-criticized National Flood Insurance Program (NFIP) after angry homeowners facing sharp premium hikes […]
5 min read
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