Evolution: what changed – climate and technology
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Insurance, Climate and Technology
The way we build houses and design automobiles continues to change to provide efficient, greener and safer options for consumers. While we’ve made major strives in both areas, in the last 30 years, the energy efficiency in homes has improved four times more than the features available in cars.2 Whether it be to prevent damage to our homes or reduce risk while driving, as design and technology evolve, the insurance we need to protect the things we care about needs to as well.
From a technology perspective, the threat of cyber risk in Canada is growing. Businesses that handle or store any confidential customer or employee data should be aware that they could be a target. As an individual, technology is making it easier for thieves to steal your personal identity – but it can take months or even years to restore your good name, credit rating and legal standing.
To understand the details of what your home, auto and business insurance policy covers, review your policy or speak to your insurance broker.
Insurance Fact
Did you know? Today, a home’s total energy use is 66% less than the same house built in 1975. This includes energy used for all purposes – heating, lighting and everyday living.