Insurable Interest Canadian Insurance Blog

Multi-year partnership taking steps to help shape the future and funding of human longevity innovation Toronto, ON (June 14, 2024) – Manulife and the World Economic Forum are pleased to announce the launch of the Prospering in Longevity Challenge, through UpLink, the Forum’s open innovation platform. Earlier this year, a multi-year partnership between Manulife and Uplink was announced at the Forum’s Annual Meeting in Davos and the Prospering in Longevity Challenge is the first of three innovation challenges designed to help shape the future of, and investment in, longevity innovation. Together, Manulife and the Forum invite global start-ups with innovative preventative healthcare and financial well-being solutions, and those committed to enabling people of all generations to thrive while enjoying a financially resilient and fulfilling long life, to participate in the challenge. Applicants can begin applying today through July 22, 2024. Full project details, including eligibility criteria and timelines, can be found on the challenge page. “By 2050, the global population over 65 is expected to double to 1.6 billion, bringing significant health and wealth challenges for our planet,” said Sarah Chapman, Global Chief Sustainability Officer for Manulife. “We are partnering with the World Economic Forum and UpLink because of our...

Reduce, reuse and reimagine: Co‑operators new sustainable claims process designed to improve community resilience and climate risk Toronto, ON (June 4, 2024) – Landfill anxiety is top-of-mind for many Canadians, according to a new survey from Co‑operators which shows eight in 10 Canadians (78 per cent) agree the country generates too much waste. Two-thirds (65 per cent) also believe this waste is more than can be responsibly managed. While many Canadians have already adopted good habits to reduce waste in their daily lives, over six in 10 (62 per cent) are interested in learning more about living sustainably. The onus, though, is not solely on individuals: three-quarters of Canadians (75 per cent) say it’s critically important for companies to responsibly manage their waste. The demand for corporate responsibility was most prominent among younger Canadians. Nearly half (49 per cent) of Gen Z believe that sustainability is more the responsibility of corporations than individuals, compared to less than a quarter (23 per cent) of Boomers. However, this older generation was the most likely to take individual actions that help prevent sending waste to landfill (78 per cent compared to 49 per cent for Gen Z and 57 per cent Millennials). “Canada...

ClaimsPro and WINMAR® (Canada) International, Ltd. Training Partnership London, ON (June 14, 2024) – WINMAR® (Canada) International, Ltd., is pleased to announce a training partnership initiative with ClaimsPro. ClaimsPro and WINMAR® (Canada) International, Ltd. are proud to announce a training partnership initiative for adjuster development. Nadine Dionne, Manager of Adjuster Training and Development at ClaimsPro, and Jill McMaster of WINMAR® Calgary have collaborated to create a supporting element for ClaimsPro’s National Adjuster Development Program, focused on IICRC methodologies and the principles of restoration. ClaimsPro recently created this foundational learning series specifically designed for early-career Adjusters to develop key experience and technical skills required to handle claim files accurately and efficiently, including customer service, systems and processes, and industry best practices. In addition to these rigorous areas that focus on the principles of adjusting, facilitated by ClaimsPro directly, WINMAR® (Canada) International, Ltd. will be providing ClaimsPro’s junior and intermediate adjusters with in-person, hands-on education rooted in the influences of technology and artificial intelligence in restoration. This includes psychrometrics and the science of drying, with strategies to drive efficiencies and work cycles to reduce long-tailed claims occurrences. Closing the gap between restoration experts and claims professionals, this training partnership will assist in...

A New Milestone for Stellantis Insurance: Partnership across six iconic brands – Chrysler, Dodge, Jeep®, Ram, Fiat, and Alfa Romeo – will enable more customer purchasing options through tailored insurance products San Francisco, CA (June 18, 2024) – Stellantis Financial Services US, the captive automotive finance company of Stellantis in North America, today announced a new partnership with bolt, the insurtech with the world’s largest technology-enabled insurance exchange, to support customers of Chrysler, Dodge, Jeep®, Ram, Fiat, and Alfa Romeo. bolt’s technology will enable Stellantis customers to purchase auto insurance through Stellantis brand websites and mobile apps with a panel of insurers’ products. Through this unique partnership, the automotive insurance purchasing journey will be simplified and personalized, with custom coverage options available through multiple distribution channels. The offering will scale to include usage-based choices through the use of telematics, data and analytics. “Stellantis customers today want choice, context, and simplicity when selecting their auto insurer,” said Mark Buffa, Managing Director of Insurance at Stellantis Financial Services US. “It’s important that insurance offerings keep up with customer demands. Partnering with bolt and their established insurer partners, we’re confident that customers and their vehicles will be better protected.” “We are thrilled with...