Industry
The implementation of Solvency II will likely be delayed from its intended Jan. 1, 2013 start date, Guy Carpenter reported. In its Oct. 20 edition of GC Capitalideas.com, Guy Carpenter noted that the results of fifth the quantitative impact study (QIS5) and a three-month Solvency II stress test launched by the European Insurance and Occupational […]
By Canadian Underwriter | October 20, 2011
2 min read
ICBC has teamed up with police forces to remind drivers to be prepared and adjust their speed when driving on wet or icy roads this fall and winter. In October, there are on average 64 crashes involving injuries or death in the Lower Mainland of B.C. due to people driving too fast for the conditions. […]
1 min read
The Citizens on Patrol Program (COPP), a crime prevention program sponsored by Manitoba Public Insurance (MPI), has expanded to include 66 active groups and 1,800 COPP volunteers dedicated to reducing crime within their communities and neighbourhoods. COPP is a grassroots program specifically designed to serve as a highly visible crime deterrent. This crime-prevention and education […]
Ontario’s insurance brokers appear to be making some headway with insurers in making sure brokers have a role in educating consumers about the use of predictive analytics in insurance underwriting.Statistical data packages that insurers use to underwrite insurance are becoming more sophisticated, allowing insurance underwriters to consider more variables when calculating premiums associated with a […]
Quebec’s insurance brokers are closely monitoring the impact of Intact Insurance’s merger with AXA Canada, which has “totally changed the market” in the province, according to the provincial broker association’s president elect.Regroupment des cabinets de courtage d’assurance du Québec (RCCAQ) president elect Catherine Mainguy gave a brief summary of several issues facing Quebec’s property and […]
Ontario brokers need to start communicating with Generation Y consumers using the means with which they prefer to communicate – text primarily, then email – or else risk losing out on communicating with a large chunk of the province’s consumer demographic.Jason Ryan Dorsey of the Centre for Generational Kinetics issued the clarion call during his […]
The Financial Services Commission of Ontario (FSCO) has provided direction for billing practices when a claimant changes health practitioners within the Minor Injury Guideline (MIG).The regulator also provided direction on the integration of extended health care benefits with the MIG.In a bulletin, FSCO explains that the first practitioner often bills for the entire block amount […]
By Canadian Underwriter | October 19, 2011
The Quarter Century Club will be funding an annual $1,000 student scholarship through the Insurance Institute’s John E. Lowes Education Fund in the name of Douglas H. Hurlbut.The Quarter Century Club is scheduled to make a cheque presentation at the Insurance Institute’s Lowes Fund Breakfast on Oct. 26.Hurlbut, a Quarter Century Club member, passed away […]
Compu-Quote’s (CQ) is introducing Sales Focused Broker (SFB), a new product designed to help brokers make the most of online leads.SFB is intended to help brokers follow-up on leads from popular social networking sites, such as Facebook, LinkedIn and Twitter, as well as their own brokerage Web sites. SFB works as follows:InsuranceHotline.com, which is fully […]
Don Ireland has joined CKR Global as a Special Investigations Unit investigator, based in Calgary, Alberta.Ireland spent 24 years with the RCMP, retiring as a corporal. He also spent 18 years with the Insurance Crime Prevention Bureau (later named the Insurance Bureau of Canada, Investigative Services). He holds training obtained through: International Association of Arson […]
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