Daily News

Zurich Canada launches drone insurance package

Property and casualty insurer Zurich Canada announced on Wednesday that it has launched a new drone insurance product.
Apr 1, 2015 9:10PM

Big four European reinsurers "continue to be well capitalized," A.M. Best reports

Europe's four largest reinsurers, as well as the Lloyd's market, posted "very strong underwriting results" in 2014, but they continue to face pressure from alternative sources of capital, A.M. Best Company Inc. suggested a report released...
Apr 1, 2015 4:34PM

CAA launches new risk management solution for high net worth members in Ontario

CAA Insurance Company (Ontario) announced on Wednesday that it is unveiling CAA Distinct – a comprehensive risk management solution for high net worth members in Ontario.
Apr 1, 2015 4:00PM

ACE Group announces high net worth personal insurance capabilities through ACE Private Risk Services

ACE Group announced on Monday the launch of its high net worth personal insurance capabilities in Canada through ACE Private Risk Services, which will offer insurance solutions for Canadians as well as Americans and other foreign citizens with...
Apr 1, 2015 3:58PM

Claims transformation bigger than modernization: SMA report

Insurers are in a position to transform business models but need to understand the importance of efforts around claims, the moment of truth for insurers, where they deliver on their promises to policyholders in terms of customer service and...
Apr 1, 2015 1:42PM

IBM service would let insurers 'extract insight from connected vehicles,' alert clients of hailstorms

IBM Corp. announced this week it will introduce a computing service "that helps insurance companies extract insight from connected vehicles" and that The Weather Company's professional unit will integrate its data with IBM's analytics and cloud...
Apr 1, 2015 10:40AM

Record of flood events may help predict future climate change, college professor says

A college professor in the United States has created a 2,200-year-long record of flood events he says may also help predict future climate change.
Apr 1, 2015 9:53AM

FSCO issues warning on ride-sharing programs

Ontario’s financial regulator has released an infographic to its website warning about the insurance risks related to ride-sharing programs.
Mar 31, 2015 4:20PM

Extreme weather events can quickly change a good year to a bad one

Frequent extreme weather events are a new wild card that demand acknowledgment and preparation, Gregor Robinson, senior vice president of policy and chief economist for the Insurance Bureau of Canada (IBC), suggested Tuesday during Swiss...
Mar 31, 2015 3:33PM

Lower oil prices may have positive effect on demand for p&c insurance products: IBC

The recent slide in the price of oil will influence the Canadian economy over the next two years, but there may be a silver lining for the property and casualty industry in that the lower gas prices expected to follow could lead to an uptick in...
Mar 31, 2015 2:38PM

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