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Sustainable claims processes save cooperative millions

By Kate McCaffery | June 14, 2024, 10:39 a.m.

Photo: Adobe Stock

Technologies drive affordability and practicality of more environmentally conscious choices.

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Auto theft claims exceed $1-billion in Ontario alone

Sonnet pulls out of Alberta auto insurance market

Sustainable claims processes save cooperative millions

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Headlines

Always Start with Wants

Hard reinsurance market fails to inspire new entrants

Canadian insurance market sees 12 per cent rise in insured flood risks

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Flash

Hard reinsurance market fails to inspire new entrants

Canadian insurance market sees 12 per cent rise in insured flood risks

Regulator warns home insurers to improve their claims handling processes

Response critical of regulator’s proposed fee model

P&C Insurance

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Insurance Bureau of Canada launches tool to help insurers and brokers provide quotes

Sonnet pulls out of Alberta auto insurance market

All-time high: 21 per cent of Marsh clients report a cyber event in 2023

Home insurance

Intact launches wildfire loss prevention and suppression services

Parents’ housing wealth strongly linked to higher property values for their children

Supervisors fined when licensee leaves client uninsured for months

Quebec flood zone map raises concerns even before its release

CO-OPERATORS

Co-operators’ mutual fund dealer begins acquiring books of business

Co-operators General doubles profits despite underwriting losses

Pension plans ramp up risk reduction transactions

Direct simplified issue offerings benefit advisors eventually

Distribution

Always Start with Wants

Reinsurer evaluates macroeconomic outlook for real estate investments

Reinsurer urges industry to learn from COVID-19 example

Reinsurer urges insurers to consider the needs of ultra-high-net-worth clients

Special risks

Family incomes down in 2022

Alberta rate filing pause fails to reduce insurance premiums

Nearly two out of three Canadians are exposed to a traumatic event in their lives

Small number of firms have replaced humans with artificial intelligence

Strategy

How to be more authoritative

Digital solutions help address barriers to health care

Cyber insurance pricing stabilizes as market continues to grow rapidly

Nearly half of workers exhausted by the end of the day

Indemnisation

Auto theft claims exceed $1-billion in Ontario alone

Car theft claims costs increase 254 per cent in five years

Natural catastrophe losses globally exceed $43-billion

National Flood Insurance Program promised again in budget

Damages

Commercial truck driver training lacking

Most Canadian homeowners do not carry sufficient coverage

Impaired driving: Surprises at the emergency room

Climatic events weighed on insurers’ results in 2023