Canadian Underwriter

Topic
Professional Development

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More than 40% of data science tasks will be automated by 2020: Gartner

January 16, 2017 by Canadian Underwriter

More than 40% of data science tasks will be automated by 2020, resulting in increased productivity and broader usage of data and analytics by “citizen data scientists,” according to Gartner, Inc. Gartner, a Stamford, Conn.-based information technology research and advisory

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SGS Canada Inc., Canadian Food and Wine Institute partner to enhance food and beverage safety, risk reduction

January 16, 2017 by Canadian Underwriter

SGS Canada Inc. and the Canadian Food & Wine Institute (CFWI) at Niagara College have partnered on a new offering that will target risk reduction and provide students the tools needed to demonstrate true risk-based diligence. The Food Safety Program

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Canadian Institute for Cybersecurity opens at the University of New Brunswick

January 16, 2017 by Canadian Underwriter

The University of New Brunswick (UNB) announced on Monday that the Canadian Institute for Cybersecurity (CIC) – an “innovative hub for research, training and industry collaboration” – opened at the university on Monday. With more than $4.5 million in funding

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News Commercial LinesInsurancePersonal LinesProfessional Development

The Co-operators acquires brokerage Denny’s Insurance of Acton, Ont.

January 16, 2017 by Canadian Underwriter

Co-operators General Insurance Company announced on Monday that its wholly-owned subsidiary has purchased personal and commercial lines brokerage Denny’s Insurance. Current clients of Denny’s Insurance, located in Acton, Ont., will be notified of the change in ownership and their existing

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News Commercial LinesEarnings / RatingsInsuranceProfessional DevelopmentTechnology

U.S. professional liability market to remain robust in 2017, with competitive level for D&O and E&O businesses remaining heightened: A.M. Best

January 13, 2017 by Canadian Underwriter

The professional liability sector of the United States property and casualty insurance market will continue to be robust in 2017, with the competitive level for directors and officers (D&O) and errors and omissions (E&O) businesses specifically remaining heightened, A.M. Best

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News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Worldwide IT spending forecast to grow 2.7% in 2017: Gartner

January 13, 2017 by Canadian Underwriter

Worldwide spending on information technology is projected to total US$3.5 trillion in 2017, a 2.7% increase from 2016, according to Gartner, Inc. Gartner, a Stamford, Conn.-based IT research and advisory company, noted in a statement on Thursday that the growth

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Canadian Underwriter, DMTI Spatial webinar on Feb. 15 to explore analytics, location intelligence in insurance

January 12, 2017 by Canadian Underwriter

Canadian Underwriter magazine and DMTI Spatial are offering a webinar Feb. 15th on advanced analytics and location intelligence. The webinar, scheduled at 10:00 a.m. Eastern time, is titled Adapting to Digital Disruptions: How Advanced Analytics and Location Intelligence Helps the

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News Commercial LinesInsuranceMarkets / CoveragesProfessional Development

Berkshire Hathaway Specialty Insurance enters marine insurance market in Canada

January 10, 2017 by Canadian Underwriter

Berkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it is introducing inland and ocean marine insurance in Canada. John Evans, vice president of marine with BHSI, said in a press release that with Gord Rider, who was named senior

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Internet of Things spending to reach US$1.29 trillion by 2020, insurance industry to see fast spending growth: report

January 5, 2017 by Canadian Underwriter

Worldwide spending on the Internet of Things (IoT) was forecast to reach US$737 billion in 2016 and grow at a compound annual growth rate (CAGR) of 15.6% from 2015-2020 to US$1.29 trillion, according to the International Data Corporation (IDC). The

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News InsuranceMarkets / CoveragesProfessional Development

Crawford & Company finalizes majority acquisition of WeGoLook

January 5, 2017 by Canadian Underwriter

Crawford & Company announced on Thursday that it has finalized its majority acquisition of WeGoLook LLC, an online and mobile collaborative economy platform headquartered in Oklahoma City. Crawford & Company, an independent provider of claims management solutions to insurance companies

Mergers and acquisitions
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Hub International acquires Saskatchewan brokerage “association” Mainline Insurance Brokers Inc.

January 4, 2017 by Canadian Underwriter

Global insurance brokerage Hub International announced on Wednesday that it has acquired Canadian-based Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. (together as Mainline). Terms of the acquisition were

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News InsuranceProfessional DevelopmentTechnology

Brokerage tech adoption increases by 12% across Canada: CSIO

January 4, 2017 by Canadian Underwriter

Brokerage adoption of nine key technologies has risen by 12% across Canada to a new high of 69%, according to the Centre for Study of Insurance Operations (CSIO). The announcement on Wednesday kicks off the second year of CSIO’s Technology