Keyword
Canadian Catastrophe Conference
Flooded with new exposure
December 2, 2019 David Gambrill, Editor-in-ChiefLaura Twidle, managing director at Catastrophe Indices and Quantification Inc. (CatIQ), adds a new twist on why the P&C industry is inundated with flood claims. Hint: It’s not just climate change
Canada lacks ‘commercially widely available wildfire models,’ Aviva Canada reinsurance VP warns
May 2, 2017 Greg Meckbach, Associate EditorInsurers have no “meaningful way of modelling wildfire” losses, a senior executive for Swiss Re Ltd. recently suggested to industry professionals. “If you look at it globally speaking, usually about half of the total insured losses globally are unmodelled perils,”…
Canadian industry underwriting income down 81% in 2016: MSA
April 18, 2017 by Canadian UnderwriterThe Canadian property and casualty insurance industry had underwriting income of $484 million in 2016, down 81% from $2.554 billion in 2015, while reinsurers’ combined ratio deteriorated 30.4 points year over year, MSA Research Inc. suggested in a report released…
Wildfire has ‘very very different pattern’ of impacted areas: CatIQ Catastrophe Conference speaker
February 8, 2017 Greg Meckbach, Associate EditorWhen determining accumulation of risk, wildfire presents an “additional complexity” for insurers and reinsurers, a speaker suggested at a recent conference. “Wildfire is a really complex peril,” said Manuel Chirouze, managing director, natural hazards and geoscience for the Americas at…
Burlington, Airdrie city officials share lessons from 2014 weather disasters
February 2, 2017 Greg Meckbach, Associate EditorA rain storm in Burlington, Ont. during the summer of 2014 prompted officials from the upper tier of municipal government to take measures to address flood risk on homeowners’ properties, a speaker told insurance professionals at a conference Thursday. On…
Looking Ahead
September 2, 2016 Greg Meckbach, Associate EditorWith property and casualty reinsurance prices showing few signs that downward pressure is ending any time soon, traditional reinsurance looks to be a real bargain for carriers hoping to protect their balance sheets and prepare themselves for future catastrophes. Forward-looking carriers are also recognizing that cost-effective reinsurance can help secure their future profitability.
Prepare for Anything
April 1, 2016 Greg Meckbach, Associate Editor and Jason Contant, Online EditorCanadians are well-aware of events that can produce insured losses, including storms and cold weather. But the possible influence of other less-familiar perils, like earthquakes and cyber cats, should also be on the radar.