Quebec's AMF explores implications of autonomous vehicles
November 11, 2021 Philip Porado
Self-driving vehicles will change the auto liability landscape across Canada and raise data privacy concerns, said an issues paper from Quebec's financial services regulator, the Autorité des marchés financiers (AMF). The paper identifies five levels within the connected and autonomous…
News AssociationsInsuranceLegislation / Regulation
Quebec brokers concerned about regulatory 'vacuum' on web sales
January 23, 2018 by Greg Meckbach
Quebec brokers are pushing for a prohibition on buying property and casualty insurance over the Internet without some involvement from a broker or agent. Under the province's proposed Bill 141, the Act respecting the distribution of financial products and services…
News AnnouncementsAppointmentsInsuranceMarkets / CoveragesProfessional Development
P&C People: Who's doing what
November 25, 2017 David Gambrill, Editor-in-Chief
Quebec regulator names inaugural fintech director The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec's financial sector, has appointed Moad Fahmi to the new position of director of fintech and innovation. "This new function will foster the collaboration that…
News InsuranceMarkets / CoveragesTechnology
Quebec online gaming vendor facing class-action shareholders lawsuit must disclose liability insurance policies: Court
January 17, 2017 by Canadian Underwriter
A Pointe-Claire, Québec-based online gaming company, whose former chief executive officer is facing insider trading charges, has been ordered to provide its general liability, errors and omissions, and directors' and officers' liability insurance policies to shareholders who are suing the…
News InsuranceLegislation / RegulationMarkets / CoveragesTechnology
Quebec's financial services regulator creates fintech working group
June 16, 2016 by Canadian Underwriter
The Autorité des marchés financiers (AMF), Quebec's financial services regulator, has announced the creation of a financial technology (fintech) working group whose primary mandate is to analyze technological innovations in the sector and anticipate regulatory and consumer protection issues. "The…
News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology
Aviva Canada develops insurance product for Quebec ridesharing programs – if province allows them
May 4, 2016 by Canadian Underwriter
Aviva Canada announced on Wednesday that it has developed an "affordable and convenient insurance product that would bridge the insurance gap in Quebec," if the provincial government decides to allow ridesharing programs. Aviva Canada, a provider of home, automobile, leisure/lifestyle…
Quebec financial services regulator urges caution over peer-to-peer risk sharing platforms
April 20, 2016 by Canadian Underwriter
Quebec's financial services regulator is urging caution following the "recent emergence of peer-to-peer risk sharing platforms." The Autorité des marchés financiers (AMF) said in a press release on Tuesday that it has noticed that companies are offering consumers platforms where…
Should race be used as a rating factor for auto insurance?