Canadian Underwriter

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Professional Development


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Staying the same not a sustainable approach to attracting young professionals to insurance

November 23, 2016 by Angela Stelmakowich

The traditional insurance world must change with the times – reflecting shifting demographics and fostering diversity – if it is to build on the progress made with regard to attracting more young professionals to the field. “The traditional (insurance) world

News InsuranceProfessional Development

Insurance Institute of Canada presents awards to Silvy Wright and Ted Teterenko

November 23, 2016 by Canadian Underwriter

The Insurance Institute of Canada (IIC) has awarded Silvy Wright, president and CEO of Northbridge Financial Corporation, an Honorary Chartered Insurance Professional (HCIP) designation and presented IIC volunteer Ted Teterenko with an Award of Merit. In awarding Wright (pictured right)

News Commercial LinesInsuranceProfessional DevelopmentTechnology

Blockchain technology a source of both disruption and opportunity for insurers: Novarica

November 21, 2016 by Canadian Underwriter

Blockchain technology will be a source of both disruption and opportunity for insurers, according to a new report from Boston-based research and advisory firm Novarica. In its latest executive brief, released on Monday, Novarica predicted that the technology would have

News InsuranceLegalProfessional DevelopmentTechnology

Alberta ministry contacting clients after personal information “unaccountable” for 24 hours

November 21, 2016 by Canadian Underwriter

Alberta Human Services (AHS) said on Friday that it is contacting 86 Alberta Supports clients whose personal information was unaccountable for a 24-hour period. AHS said in a press release on Friday that as part of service delivery training for

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Two-thirds of global organizations not prepared to recover from cyberattacks: IBM and Ponemon Institute study

November 18, 2016 by Canadian Underwriter

Two-thirds (66%) of respondents to a study conducted by the Ponemon Institute have reported that their organization is not prepared to recover from cyberattacks. Resilient, an IBM Company and sponsor of the report, and the Ponemon Institute, revealed the results

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Capgemini launches global fintech initiative

November 17, 2016 by Canadian Underwriter

Capgemini has announced that it is launching a global fintech initiative “to fast track fintech engagements with its global financial services clients.” Capgemini – a provider of consulting, technology and outsourcing services – announced the initiative on Wednesday, saying in

News InsuranceLegalProfessional DevelopmentTechnology

U.S. mergers and acquisitions activity expected to remain steady in 2017: KPMG

November 17, 2016 by Canadian Underwriter

Merger and acquisition (M&A) activity in the United States is expected to remain steady in 2017 compared to the deal levels of 2016, according to a recent survey by audit, tax and advisory firm KPMG LLP. Of the 94 respondents

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Advanced analytics and other emerging technologies revolutionizing public sector agencies: Accenture

November 16, 2016 by Canadian Underwriter

Advanced analytics and other emerging technologies are revolutionizing the way governments and public service agencies are trying to address citizen demands, helping to overcome persistent challenges such as regulatory compliance, outdated legacy IT infrastructures and organizational cultures, according to a new

News InsuranceMarkets / CoveragesProfessional DevelopmentReinsurance

Canadian insurers ‘in a tough time for investments,’ A.M. Best analysts warn

November 15, 2016 Greg Meckbach, Associate Editor

Mergers and acquisitions in the reinsurance sector sometimes involve carriers acquiring managing general agents, while in Canada, M&As have involved insurers trying to “beef up certain parts of their enterprise,” analysts from A.M. Best Company Inc. suggested at a recent

News Climate ChangeInsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

IBC applauds Ontario government’s decision to move forward with creation of new financial services regulator

November 15, 2016 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is applauding the Ontario government’s decision to move forward with the creation of a new financial services regulator. On Monday, the government of Ontario announced in its 2016 Ontario Economic Outlook and Fiscal Review

News InsuranceMarkets / CoveragesProfessional Development

RIBO overhauls spot check program to include consideration of conduct requirements, expectations: Hitchlock

November 10, 2016 Angela Stelmakowich, Editor

The Registered Insurance Brokers of Ontario (RIBO) has embarked on a major overhaul of its spot check program with the twin goals of promoting better consumer protection and improved broker risk management, says Norma Hitchlock, RIBO’s outgoing president. While the

News Commercial LinesInsurancePersonal LinesProfessional Development

Heather Masterson appointed president and CEO of Travelers Canada

November 10, 2016 by Canadian Underwriter

Travelers Canada announced on Thursday that Heather Masterson has been appointed president and chief executive officer, effective immediately. Masterson succeeds Duane Sanders, “who has taken a senior leadership role in the company’s largest business segment in the United States,” Travelers