35% of Canadian business leaders say they operate in a high-risk environment, up from 20% last year 12% of business leaders said they are less resilient to risks impacting their business than a year ago, rising to almost a third (32%) for business interruption risks specifically 29% of Canadian firms feel unprepared to deal with... Read more » The post Canadian operating risk concern almost doubles as recession, climate and cybersecurity fears loom appeared first on Insurance-Canada.ca ..read more

New data shines a light on the affordability crisis in Canada; vast majority of Canadians say the Canadian economy is on the brink of a recession, if not already in one Toronto, ON (Nov. 22, 2023) – Manulife Bank has released its semi-annual Financial Healthy Survey, finding that the Canadian economy, which has been in... Read more » The post Economic Volatility Taking a Toll on Canadians: Manulife Bank Financial Health Survey appeared first on Insurance-Canada.ca ..read more

New York, NY (Nov. 21, 2023) – Marsh McLennan and its business Oliver Wyman, a global leader in management consulting, are pleased to announce the launch of a new Generative AI tool for colleagues. The tool, called LenAI, was developed by Marsh McLennan’s Dublin Innovation Center in collaboration with Oliver Wyman Digital and is available... Read more » The post Marsh McLennan Develops New Generative AI Tool appeared first on Insurance-Canada.ca ..read more

Spruce Grove, AB (Nov. 20, 2023) – Accident Support Services International Ltd. (ASSI), facilitators of Collision Reporting Centres, is pleased to announce the opening of its newest Collision Reporting Centre (CRC) in partnership with the City of Spruce Grove and the Parkland Royal Canadian Mounted Police (RCMP) detachment. The Spruce Grove CRC opened Friday November... Read more » The post ASSI Expands Partnership with RCMP in Spruce Grove, Alberta appeared first on Insurance-Canada.ca ..read more

New York, NY (Nov. 20, 2023) – Oyster, a modern insurance platform for commerce, is pleased to announce that it has launched a new rental insurance product. This offers the first usage-based rental insurance program in the U.S., providing rental shops and marketplaces with theft and damage coverage for their rental bikes, ebikes, kayaks, and... Read more » The post Oyster Launches Usage-based Rental Insurance appeared first on Insurance-Canada.ca ..read more

AI at the center of CLAIMS — by Stephen Applebaum and Alan Demers — Exactly one year ago today, ChatGPT was officially introduced, sending the business world, pundits and laypersons alike into a frenzy. It’s truly an understatement considering how many aspects of work, life and business are projected to be at risk or at... Read more » The post AI: At the Center of Claims appeared first on Insurance-Canada.ca ..read more

Q&A with Gary Hirst, CEO, CHES Special Risk Toronto, ON (Nov. 15, 2023) – Gary Hirst, CEO and President of CHES Special Risk, a leading Managing General Agent (MGA), delves into the burgeoning phenomenon of Brokers increasingly forging strategic alliances with MGAs. Hirst, recognized for his industry experience and forward-thinking approach, provides valuable insights into... Read more » The post Exploring the Rapid Growth of Broker-MGA Partnerships in the Insurance Sector appeared first on Insurance-Canada.ca ..read more

Even with this disconnect, cybersecurity spending and hiring are on the rise: OpenText Cybersecurity 2023 Global Ransomware Survey Waterloo, ON (Nov. 15, 2023) – OpenText™ has released the results of its annual 2023 OpenText Cybersecurity Global Ransomware Survey. Findings show a similarity in how small-to-medium sized businesses (SMBs) and enterprises (more than 1,000 employees) think... Read more » The post Companies Still (Wrongly) Believe They Aren’t Targets for Ransomware Attacks: OpenText appeared first on Insurance-Canada.ca ..read more

Addition of franchise owners Derek VanGeffen and Matty Dominski further strengthens Hudson’s leadership Burlington, ON (May 24, 2023) – Hudson Restoration, a leading boutique restoration firm, is excited to announce that London, Ontario will soon be home to a new Hudson Restoration franchise. This location is the second franchise under the restoration company’s expansion umbrella,... Read more » The post Hudson Restoration Announces New Franchise In London, Ontario appeared first on Insurance-Canada.ca ..read more

“Legal Life Events: When They Happen, They Hurt!” Toronto, ON (Nov. 14, 2023) – ARAG Legal Solution Inc., the Canadian Legal Expense Insurance (LEI) market leader, is excited to announce the release of its latest whitepaper, titled “Legal Life Events: When They Happen, They Hurt!” Based on a comprehensive online survey of 2,500 Canadians who... Read more » The post Whitepaper Launched to Enlighten the Insurance Industry Why Legal Risks Need to be Addressed appeared first on Insurance-Canada.ca ..read more