Category: Life Insurance

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Desjardins: Many Canadians recognize distracted driving, but few admit their mistakes

Smartphone use while driving remains a major safety issue, survey finds

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Amazon will file for insurance licence

Internet giant gets ready to target first international market with both general and life cover. Are we next?

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Marsh & McLennan in major swoop for JLT Group

Brokerage describes firm as one of its most respected competitors

How to find a life insurance agent 0

OmbudService for Life & Health Insurance reports increased volume of complaints

The OmbudService for Life & Health Insurance (OLHI) has released its annual report for the year 2017-18. Complaints increased 23.2 per cent over the previous year to reach a record high.

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InsurTechs, Ecosystems, and Consolidation

InsurTech has emerged over the past 10 years; with a rapid acceleration in the last 3 years. One feature has been a ‘no-holds-barred’ approach, where insurers, brokers, InsurTechs and others seek new insights and opportunities. In some cases, there have been collisions of different tools. However, consolidation is taking control under the monikers of ‘ecosystem’... Read more » The post...

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Majority of insurance experts expect higher cyber-related losses over the next year

Willis Re’s Silent Cyber Risk Outlook global survey London, UK (Sept. 17, 2018) – Insurance companies are expecting increased cyber-related losses across all business lines over the next 12 months, driven by increasing reliance on technology and high-profile cyber-attacks, according to the annual Silent Cyber Risk Outlook global survey from Willis Re, the reinsurance division of... Read more » The post...

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Financial Services Firms Improving Their Cyber Resilience

Accenture study finds firms are preventing more than 80 percent of cyber breaches, yet risks associated with emerging technologies (including machine learning and artificial intelligence) are prevalent and challenge existing security defenses New York, NY (Sept. 17, 2018) – Despite the volume of cyber attacks doubling in 2017, financial services firms are closing the gap... Read more » The post...

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Liberty Mutual Completes Ironshore Acquisition and Rebranding

Commercial specialty insurer Ironshore Canada to be rebranded as Liberty Mutual Canada Toronto, ON (Sept. 15, 2018) – Liberty Mutual Insurance is pleased to announce that Ironshore Canada and Liberty International Underwriters (LIU) are being rebranded as Liberty Mutual Canada. “The rebranding of our joint operation as Liberty Mutual Canada is an important milestone in... Read more » The post...

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Cost of Severe Weather Reaches $1.4 billion in Insured Damage Across Canada

Prairie storm in July added $40 million to total cost for this year Edmonton, AB (Sept. 13, 2018) – Summer storms across the Prairies continue to demonstrate the financial costs to consumers and tax payers. The July and August storms in Alberta and Saskatchewan caused more than $240 million in insured damage to homes, businesses,... Read more » The post...

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