Industry
RSA is now successfully transmitting live policy documents to a broker system using the Centre for Study of Insurance Operations’ (CSIO) latest XML standards, a move meant to enhance broker efficiencies and streamline workflows. Brokers currently using RSA’s EZ-Docs tool to access electronic copies of policy documents will now be able to get copies of […]
By Canadian Underwriter | August 1, 2012
1 min read
FSCO's recent report to the Ontario finance ministry suggests that evidence-based health care has taken centre stage in the province's auto insurance system.
July 31, 2012
4 min read
REGULATION OSFI proposes to change basis for calculating minimum assessments Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is proposing to change the basis on which it calculates minimum and non-minimum assessments. OSFI has suggested using “required capital” as a proxy for the amount of time and resources it devotes to […]
Responding to consumers who want to buy their insurance online, the independent broker channel is building online brokerages to offer customers convenience and advice.
By David Gambrill, Senior Editor | July 31, 2012
6 min read
The rate of auto theft continued its downward trend last year in Quebec, dropping 64% over the last decade, note new figures from the Groupement des assureurs automobiles (GAA). The theft rate (theft of whole vehicle) is 0.20% for all regions of the province, notes the 2011 Automobile Statistical Plan in Quebec. “This is a […]
By Canadian Underwriter | July 31, 2012
Malik, Giffen & Burnett Claims Consultants Inc. (MGB) has named Layne Gardner as the specialized adjusting firm’s new executive general adjuster. Gardner, who joined the firm effective July 11, brings to the position more than a decade of experience as an adjuster, the past seven years with an international independent commercial/industrial/energy firm. Licensed in all […]
ISB Canada has announced the appointment of Craig Smith to the position of vice president of sales and marketing. With almost 30 years in the insurance industry, Smith has held various senior positions at a principle insurer, as well as sales and marketing positions within the insurance vendor market. “ISB Canada is looking to expand […]
It is best not to assume that a home insurance policy offers adequate protection for a person whose home serves as both a place to live and a place to work. “If anyone, from a messenger to a customer, is hurt on your property while conducting anything related to your business, your home insurance policy […]
Statistics Canada notes that police-reported, non-violent crimes such as break-ins and auto theft declined last year. “Police reported more than 181,000 break-ins in 2011,” Statistics Canada reported in its July 24 issue of The Daily. “The rate of break-ins was 9% lower than in 2010 and 42% lower than a decade earlier.” Four out of […]
By Canadian Underwriter | July 30, 2012
Fifty-four per cent of 1,000 renters surveyed by Allstate said it would take three or more years to replace everything they lost if they didn’t have insurance, and yet only 45% of renters taking part in the poll have a renter’s insurance policy to protect their personal possessions and collectibles. Only about a third of […]
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