Cyber ECHO brings greater stability to the excess cyber insurance market, Marsh says

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InsureMy Ushers in a New Era of Road Safety with the New Driver Intelligence Pilot Program

InsureMy Ltd., a Calgary based, full service insurance brokerage firm, today announced the piloting of their innovative young drivers program, New Drivers Intelligence (“NDI”). With a full launch across Alberta and Ontario anticipated in early 2016, Canadian parents will soon have access to real-time driving data, direct from their vehicles, allowing for greater coaching opportunities between parents and new drivers.

Helping teens develop good driving habits means improved safety for all…

Through the use of a simply installed plug-in telematics device, InsureMy’s NDI system allows both parents and teens to track and monitor their driving behaviour. With the ability to collect and review information direct from the vehicle about drive time, speed, braking, cornering and more, NDI gives parents peace of mind when putting new drivers on the road, knowing they have the resources to coach their kids even when they can’t be at their side. All while giving teens the independence they seek, building confidence and setting them up for a future of responsible driving.

Industry data points to significant reduction in dangerous driving incidents…

Recognizing the need to make a positive impact on the lives of parents and teens across the country, InsureMy brings global driver safety technology to the Canadian driving landscape.  Established young driver programs in the UK report a massive improvement in young driver statistics with 2014 results revealing a 21% reduction in dangerous driving incidents and a 40% drop in crash risk for drivers with a telematics policy.

“…InsureMy puts family driving safety first,” states Hugh McTavish, President of InsureMy Ltd.

“Customers shouldn’t have to experience a claim to know that their insurance dollars are well spent. That’s why InsureMy puts family driving safety first,” said McTavish.  “In fact, it’s incumbent on our industry in general to take the kind of action we’re taking to effect positive change and promote safety for all drivers – it’s good for our customers. InsureMy’s NDI is a first step in that direction,” McTavish concluded.

To put an InsureMy policy to work for you, or for further information on the complete line of InsureMy products, contact Gord Mansfield at 1-844-410-1896.

About InsureMy Ltd.:
InsureMy is a full service insurance brokerage firm, emerging as a market leader in the management and delivery of telematics based insurance products. Empowering customers to manage costs, regulate driving performance, and minimize their environmental impact by leveraging technological advances in the collection and practical application of telematics data.

SOURCE InsureMy Ltd.

For further information: Gord Mansfield, Director, National Sales, Phone: 1-844-410-1896, Email: Gord.Mansfield@InsureMy.ca

Economical appoints Alice Keung as chief information officer

"Our new look is very distinct and will help to further differentiate our brand in the marketplace," said Economical's President and CEO Karen Gavan

WATERLOO, ON – Karen Gavan, president and chief executive officer of Economical Insurance, today announced the appointment of Alice Keung as senior vice-president and chief information officer (CIO). Ms. Keung joined Economical on November 17, 2015 as interim CIO and has been instrumental in leading the company’s IT organization since that time.

Twice named to the Top 100 Most Powerful Women in Canada, Ms. Keung has more than 25 years of experience directing large-scale project implementations and negotiating with external business partners.

“I am delighted to have Alice on our senior executive team,” said Gavan. “She is highly skilled at leading major business technology transformations and building high performance teams. I value her leadership as we implement our new policy administration system, leverage leading-edge technology and drive innovation in our business model.”

About Economical Insurance
Founded in 1871, Economical Insurance is one of Canada’s leading property and casualty insurers, with approximately $2.0 billion in annualized premium volume and $5.3 billion in assets as at September 30, 2015. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical Insurance conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Family Insurance Solutions, Federation Insurance and Economical Financial.

SOURCE Economical Insurance

For further information, contact:
Doug Maybee
Economical Insurance
(T)519.570.8249
(C)519.404.0989
doug.maybee@economical.com

Economical appoints Elaine Lajeunesse as chief risk officer

Karen Gavan, president and chief executive officer of Economical Insurance, is pleased to announce the appointment of Elaine Lajeunesse as senior vice-president and chief risk officer (CRO) effective January 25, 2016. Ms. Lajeunesse has more than 25 years of experience as a risk management professional and actuary in the Canadian insurance industry.

As CRO, Ms. Lajeunesse will report directly to Economical’s president and chief executive officer and serve on the executive committee. She will chair the management risk committee and provide day-to-day leadership to the enterprise risk management function, assuming accountability for developing and directing comprehensive processes for identifying, monitoring, and reducing risks that could impede the achievement of Economical’s objectives and goals.

Ms. Lajeunesse brings to her new role a deep understanding of insurance operations. Prior to joining Economical, Elaine was vice-president and chief risk officer, insurance, at BMO Financial Group. She also held executive leadership roles in actuarial services at Markel Insurance Company of Canada and at XL Reinsurance.

She earned a bachelor of actuarial science from Laval University, and holds a Certified Financial Analyst designation. She is also a Fellow of the Canadian Institute of Actuaries and a Fellow of the Casualty Actuarial Society.

About Economical Insurance

Founded in 1871, Economical Insurance is one of Canada’s leading property and casualty insurers, with approximately $2.0 billion in annualized premium volume and $5.3 billion in assets as at September 30, 2015. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical Insurance conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Family Insurance Solutions, Federation Insurance and Economical Financial.

SOURCE Economical Insurance

Insurance Brokers Association of Ontario Elects New President

The Insurance Brokers Association of Ontario (IBAO) is proud to announce that Mr. Michael Brattman has been elected as IBAO’s 72nd President. Michael was officially inducted at the recent IBAO Convention held at the Ottawa Convention Centre in Ottawa, ON, and formally assumed his role as President on January 1, 2015.

Michael is a partner and Vice President of Personal Insurance at Erb and Erb Insurance Brokers Ltd. in Kitchener-Waterloo and has over 25 years of experience in the insurance industry on both the company and brokerage side.

In addition to IBAO, Michael is also involved with a number of other industry associations and committees including the Insurance Brokers Association of Canada (IBAC) and the Facility Association. He has both his RIBO and life licences as well as a Chartered Insurance Professional (CIP) designation – obtaining the second highest marks in Canada when he completed this designation. He holds his Honours BA from Huron University College at the University of Western Ontario.

“It is a privilege to serve as President of this Provincial association,” says Michael Brattman. “IBAO is working hard to address important issues like insurance fraud, auto benefits, telematics and severe weather. More than ever, clients should work with a professional broker who will help them understand how these issues impact them. I am proud to represent our 12,000+ members and their clients, when collaborating with the Provincial and Federal Government as well as insurance companies, in finding solutions to industry issues.”

As President of IBAO, Michael’s duties will include implementing strategies for the national insurance broker brand and working with politicians, particularly on the subjects of insurance fraud and how to meet the future challenges of the insurance industry.

“It is an honour to welcome Michael as our new President,” said IBAO Chairman Chris Floyd. “His wealth of knowledge of the industry is remarkable and his thoughtful insight has brought immeasurable value and perspective to the Board of Directors. Michael is focused, dedicated and inquisitive. We look forward to the exciting year ahead with Michael at the helm of our association.”

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