In the rapidly evolving landscape of automotive insurance in Canada, telematics technology is emerging as a groundbreaking innovation. By leveraging data collected from vehicles, this technology is revolutionizing how insurance companies assess risk and determine premiums, offering policyholders a
In the dynamic world of business, leaders frequently regard strategy and risk as distinct realms—strategy is often celebrated in boardrooms, while risk management is relegated to compliance teams and risk officers. This artificial separation can weaken both disciplines and ultimately hinder
As Texas faces growing exposure to hurricanes and severe weather, the Texas Windstorm Insurance Association (TWIA) Board has taken a proactive stance by approving a substantial 22% increase in the reinsurance budget for 2025. This decision was driven by a sharp rise in projected losses, considering
In a move set to reshape the landscape of cyber insurance, CyberCube, a prominent provider of cyber risk analytics, announced a groundbreaking partnership with St. Andrews Insurance Brokers, a leading retail brokerage in Canada. This collaboration involves the implementation of CyberCube’s Broking
On Monday night, the city council reluctantly approved applying for grant funding for a climate risk assessment, intending to secure up to $70,000. This funding would cover 85 percent of the project costs associated with hiring consultants to conduct the assessment. The remaining $12,500 would be
Specialist Risk Group (SRG), a notable insurance intermediary with the backing of Warburg Pincus and Temasek, has announced the acquisition of specialist insurance broker R3 in a move set to boost their portfolio significantly. This acquisition marks SRG's eleventh acquisition in 2024, following
