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Professional Development


News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Fintech firms can ‘get to market quickly,’ ICTC speaker warns

February 28, 2017 Greg Meckbach, Associate Editor

Competitors outside the property & casualty industry are trying to “bite away” at the P&C market, while fintech is starting to “emerge in spaces where banking isn’t,” a senior executive with a major insurer told industry professionals Tuesday. “Over the

News CatastrophesInsuranceProfessional DevelopmentTechnology

Tech and talent crunch among six major forces shaping Canadian P&C insurance in 2017: EY

February 28, 2017 by Canadian Underwriter

A “potent combination” of technological change, talent pressure, customer expectations and cyber risks is forcing Canada’s property and casualty (P&C) insurers to embrace innovation more urgently than ever in 2017, according to a new report from EY. EY’s 2017 P&C

News AppointmentsInsuranceLegislation / RegulationProfessional Development

Court appoints committees to represent Economical mutual and non-mutual policyholders

February 24, 2017 by Canadian Underwriter

An Ontario court has appointed two committees to negotiate the allocation of benefits from a demutualization of Economical Insurance, the Waterloo, Ont.-based insurance carrier announced Friday. No federally regulated P&C insurers have demutualized yet. Canada did not have regulations allowing

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Global insurance CEOs concerned about skills shortages and related pace of technological change: PwC survey

February 22, 2017 by Canadian Underwriter

Insurance CEOs have the biggest concerns in the financial services industry over skills shortages and the related pace of technological change, according to a new survey from PwC. The survey, titled Ahead of the curve: Confronting the big talent challenges

News InsuranceMarkets / CoveragesProfessional Development

Canadian Reports and US-Reports merge to create risk solutions company Afirm

February 22, 2017 by Canadian Underwriter

H.W. Kaufman Financial Group announced on Wednesday that it has “strategically” combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm. The merger will continue their global presence and allow a single source for loss control inspection, premium

News Commercial LinesInsuranceProfessional DevelopmentTechnology

Most Canadian IT professionals report some security solutions “outdated and inadequate”: study

February 14, 2017 by Canadian Underwriter

Most IT professionals in Canada (73%) feel strongly that some of their security solutions are outdated and inadequate, according to the Canadian results of a global study released last week. The Need for a New IT Security Architecture: Global Study

News InsuranceProfessional Development

RMS appoints Mike Pritula as president, effective March 1

February 14, 2017 by Canadian Underwriter

Risk Management Solutions, Inc. (RMS) announced on Tuesday that it has appointed industry veteran Mike Pritula as president, effective March 1. Pritula will lead RMS’ client service and market development, advancing the company’s role in delivering value to enable its

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentTechnology

CEOs “particularly” anxious about data breaches: PwC survey

February 13, 2017 by Canadian Underwriter

Nearly one in four chief executive officers surveyed by PriceWaterhouseCoopers “strongly agree” that how their firms manage people’s data will “differentiate” their companies. “CEOs are particularly anxious that breaches in data security and ethics, and IT outages and disruptions could

News Commercial LinesInsuranceProfessional DevelopmentTechnology

IBM’s famed Watson computer ‘gets a job’ fighting cybercrime threat

February 13, 2017 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – A year after IBM began teaching its Watson computer system to fight cybercrime, the company is making the platform available for use. “Now he gets a job and makes us some money,” quipped Caleb Barlow, vice-president of IBM

News AssociationsInsuranceProfessional Development

Insurance Brokers Association of Canada appoints former MP Peter Braid as new CEO

February 13, 2017 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) has announced the appointment of its new CEO, Peter Braid, effective Feb. 27. IBAC chairperson Lorne Perry announced the appointment in a press release on Feb. 10. Braid is a former Member of

News InsuranceProfessional DevelopmentTechnology

IBAO, Insurance Institute of Ontario hosting live webcast on driverless cars

February 7, 2017 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) and the Insurance Institute of Ontario announced on Tuesday that they will be hosting a live webcast on the insurance implications of automated vehicles on Feb. 16. The webcast, which will run from

News InsuranceMarkets / CoveragesProfessional DevelopmentReinsuranceTechnology

Hannover Re, Generali Group and SCOR join blockchain insurance industry initiative B3i

February 6, 2017 by Canadian Underwriter

Hannover Re, Generali Group and SCOR announced on Monday that they have joined the blockchain insurance industry initiative B3i, bringing the total number of insurers and reinsurers in the initiative to 15. Members of the B3i initiative will explore the