The number of insurance claims for all commercial vehicles across Canada increased ‘significantly faster’ than the number of commercial vehicles on the road between 2016 and 2022, according to the Commercial Trucking Insurance and Education report released Tuesday.
The Insurance Bureau of Canada (IBC) commissioned MNP, one of Canada’s professional services firms, to identify the key factors impacting the cost of insurance for commercial truck operators.
The data for this study was collected between June 2023 and January 2024, and one of the key suggestions outlined by MNP and IBC is that entry-level training has to be followed by onboarding and mentorship programs, with the funding for the programs’ development and administration provided through partnerships between insurers, carriers, and…
