Canadian Underwriter

Features

Feature InsuranceTechnology

Starting Block

February 1, 2017 Angela Stelmakowich, Editor

The buzz around blockchain is growing louder. An almost consensus-like agreement that it could benefit the insurance industry, though, must be balanced by what can only be described as an incomplete understanding of its workings and potential. That said, understanding is growing in step with an apparent openness to partner and explore.

Feature Commercial LinesTechnology

Planning Ahead

February 1, 2017 Daren Hanson, Vice President, Sales and Business Development, TeraGo

Global connectedness means companies, including those in Canada, need a robust data recovery plan to protect data critical to their business operations. Still, many companies do not even have such plans in place.

Feature Technology

Welcoming Host

February 1, 2017 Satya Sarangi, President and Chief Executive Officer, TmaxSoft Canada

Mainframes have proved essential over the decades for insurers needing to run core applications. But are these once-reliable units becoming a hindrance to innovation? Is modernization of mainframes essential for the global insurance industry?

Feature AssociationsInsurance

New Found Claim

January 2, 2017 Greg Meckbach, Associate Editor

As president of the Canadian Insurance Claims Managers Association, claims specialist Alex Lethbridge wants to raise awareness of the inter-company arbitration agreement.

Feature Professional Development

Career Mapping

January 2, 2017 Peter Hohman, President and Chief Executive Officer, Insurance Institute of Canada

Survey data indicates that more than three in four employees think there are good opportunities in the property and casualty industry, but more than one in four p&c professionals who left their jobs went into a different industry.

Feature Insurance

Risk and Disruption

January 2, 2017 Angela Stelmakowich, Editor; and Jason Contant, Online Editor

The threat of extortion-driven cyber attacks is “a massive issue now” for insurance companies, while insurers’ own risk and solvency assessments have been “quite well done,” speakers told attendees of KPMG’s recent insurance issues conference.

Feature CatastrophesPersonal LinesReinsurance

Flood Money

January 2, 2017 Greg Meckbach, Associate Editor

While the federal government continues to “explore options” for a national approach to flood insurance, a major reinsurer warns coverage is unaffordable to many high-risk properties.

Feature Commercial LinesLegalLegislation / RegulationTechnology

Breach Notification

January 2, 2017 Greg Meckbach, Associate Editor

Federal regulations requiring organizations to notify individuals of data breaches that could potentially expose them to harm will probably be in place this year and could cause an increase in class-action lawsuits, lawyers familiar with privacy laws suggest. The Digital

Feature Earnings / RatingsInsurancePersonal LinesTechnology

Homeward Bound

January 2, 2017 Daniel Shum, Partner and National Insurance Leader, Deloitte

A recent survey of first-time homeowners indicates widespread frustration with insurers, including too many underwriting questions, lack of information in plain English and an inability to complete insurance transactions online.

Greg Meckbach, Associate Editor
Feature Commercial Lines

Breaching the Topic

January 1, 2017 Greg Meckbach, Associate Editor

Cyber insurers could ask prospective clients for a list of all types of sensitive personal information in the possession of the organization

Feature Commercial LinesInsuranceLegal

Broken Vessels

January 1, 2017 Greg Meckbach, Associate Editor

The explosion that destroyed the AMOS-6 satellite will “heavily hit the London market,” a reinsurance executive predicts, while a marine underwriting official reports about a third of Canada’s $321-million marine insurance market, in 2015, was from yacht and $55 million was from hull.

Feature Commercial LinesLegal

Personal Liability

January 1, 2017 Christopher Mutcheson, Head of Directors and Officers and Financial Institutions, Financial Lines Canada, Allianz Global Corporate & Specialty

As insurers carve back language excluding pollution clean-up in directors’ and officers’ (D&O) liability policies and regulators impose administrative monetary penalties on corporate directors, D&O programs may be hit with new claims in 2017.