Keyword
Intact Financial Corporation
Personal auto premiums for Q3 up 5% for Intact, personal property premiums up by 8%
November 2, 2016 by Canadian UnderwriterIntact Financial Corporation (IFC) has reported that personal auto premiums for the third quarter of 2016 ending Sept. 30 grew by 5%, while personal property premiums grew by 8% from the prior-year quarter. IFC said in its financial results released…
Intact estimates $170 million in cat losses for third quarter of 2016
October 4, 2016 by Canadian UnderwriterIntact Financial Corporation (IFC) has announced estimated catastrophe losses, net of reinsurance, of approximately $170 million on a pre-tax basis for the third quarter of 2016. The estimate equates to about $124 million or $0.95 per share for the quarter,…
Need to shift from focus on task to focus on customer: NICC speaker
September 30, 2016 Angela Stelmakowich, EditorVANCOUVER – Attempts to become truly customer-centric will not be realized until insurers can shift away from an entrenched focus on task that erects barriers to more meaningful customer engagement, Barry Pokroy, leader of Farber Financial Group’s Circle & Square…
Intact reports $127 million loss from Fort McMurray wildfire, combined ratio up to 99.2% in Q2
July 27, 2016 by Canadian UnderwriterIntact Financial Corporation (IFC) reported a $127 million impact in its second quarter financial results from the Fort McMurray wildfire, bringing its combined ratio to 99.2% for the quarter, including 8.8. points of Fort McMurray catastrophe losses. “We delivered $114…
Intact Service Centre opens in Ottawa, two more planned for Toronto and Montreal
July 11, 2016 by Canadian UnderwriterIntact Financial Corporation (IFC) announced on Monday that the second Intact Service Centre has opened in Canada, this time in Ottawa. The first service centre opened in Calgary this February. With the launch of the new Intact Service Centre, Intact…
Intact’s commercial ridesharing insurance policy gets green light in Ontario
July 8, 2016 by Canadian UnderwriterThe Financial Services Commission of Ontario has approved a commercial ridesharing insurance policy offered by Intact Financial Corporation (IFC) in partnership with Uber Canada. Effective July 7, 2016, IFC reports in a statement that the product will provide protection to…
Aon supports Alberta’s move to give the green light to ridesharing insurance
July 6, 2016 by Canadian UnderwriterAon Risk Solutions is offering tailor-made personal line insurance policies that recognize ridesharing to the hundreds of Uber drivers who require coverage in Alberta. There are no restrictions related to driver age, years licensed or the amount of weekly ridesharing…
Aviva Canada, Pembridge Insurance offer personal coverage for ridesharing drivers in Alberta
July 2, 2016 by Canadian UnderwriterAviva Canada and Pembridge Insurance have become the latest insurance companies to offer personal coverage for ridesharing drivers in Alberta. On Tuesday, the government of Alberta announced a new insurance policy for transportation network companies (TNCs) licensed in the province.…
Alberta’s new insurance policy for TNCs a first for a Canadian province, policy available July 1
June 30, 2016 by Canadian UnderwriterA new insurance policy for transportation network companies (TNCs) is available to insurance firms licensed in Alberta as of July 1, in line with the provincial government’s recently announced TNC framework geared at promoting fairness and road safety. The insurance…
Intact Insurance creates national team to grow commercial specialty solutions
May 30, 2016 by Canadian UnderwriterIntact Insurance announced on Monday that it has created a new national team dedicated to growing its commercial lines specialty solutions business, which will “accelerate its plans to become the Canadian leader in specialty lines and surety.” To support this…
Fort McMurray wildfire to cost The Co-operators an estimated $70 million to $90 million
May 24, 2016 by Canadian UnderwriterThe Co-operators General Insurance Company has estimated that the Fort McMurray wildfire will cost it between $70 million and $90 million. While access to the affected area remains restricted, The Co-operators’ preliminary estimate indicated that the after-tax cost of the…
Intact’s assessment of insured damages from Fort McMurray wildfire estimated at $1 to $1.20 per share
May 9, 2016 by Canadian UnderwriterIntact Financial Corporation’s (IFC) assessment of its insured damages from the Fort McMurray wildfire using satellite imagery and its exposure geocoding technology ranges from $1 to $1.20 per share, the insurer said on Monday. The assessment range, while early, is…