Topic
Insurance
FirstOnSite Continues to Expand in Western Canada
June 22, 2012 FirstOnSite Restoration L.P.Canada’s leader in disaster restoration opens sixth BC branch in Cranbrook June, 2012– FirstOnSite Restoration, Canada’s largest independent disaster restoration company, today announced the opening of a new branch in Cranbrook, BC. In addition to providing disaster restoration services, the…
Behavioural biases can prevent investment in measures to protect against catastrophes
June 21, 2012 by Canadian UnderwriterSeveral behavioural biases prevent individuals and firms in the private sector from investing in adaptation measures that can help protect against catastrophic risks, making the case for public-private partnerships, suggests a recently released paper. Behavioural biases include budgeting based on…
Global study shows consumer support for bank branches offering insurance
June 21, 2012 by Canadian UnderwriterA new study from Cisco indicates 65% of respondents globally would favour bank branches offering an expanded portfolio of financial and advisory services, including insurance. The Cisco Internet Business Solutions Group (IBSG) Omnichannel Study: Winning Strategies for Omni-Channel Banking surveyed 5,300…
UN and insurers worldwide launch insurance principles at Rio+20 to promote sustainable development
June 21, 2012 by Canadian UnderwriterAlmost 30 insurance companies and insurance associations from different regions around the world, including Canada, have joined a UN-backed process to promote a set of Principles for Sustainable Insurance. The initiative was announced at the UN Conference on Sustainable Development,…
ACE Canada launches architects and engineers professional liability insurance
June 21, 2012 by Canadian UnderwriterACE Canada, the Canadian-based operating division of the ACE Group, has launched ACE Advantage Architects and Engineers professional liability insurance. The new product provides domestic and international coverage against perils faced by design professionals, including professional negligence, pollution incidents and…
Big Data represents big challenge for insurance industry: study
June 21, 2012 by Canadian UnderwriterThe growth of unstructured, disparate information will create problems for insurance companies that don’t have the technology infrastructure or tools to handle it, according to a recent report from consulting firm Novarica. ‘Big Data,’ defined as data sets that are…
New surety wholesaler and MGA Approved Surety Co. launches
June 20, 2012 Canadian Underwriter magazineTORONTO, ON – Don Miller, Founder and CEO, is pleased to announce the launch of Approved Surety Co., a surety wholesaler and MGA to Canadian and U.S. insurance brokerages and agencies. Approved Surety Co. has partnered with Fenchurch General Insurance…
Canadian surety wholesaler and MGA launched
June 20, 2012 by Canadian UnderwriterApproved Surety Co., a surety wholesaler and managing general agency (MGA) to Canadian and U.S. insurance brokerages and agencies, has been appointed MGA for Fenchurch General Insurance Company’s surety division. Approved Surety – which assists with securing surety facilities for…
More clients purchasing environmental insurance, but amount of limits purchased has decreased
June 20, 2012 by Canadian UnderwriterThe percentage of clients buying environmental insurance has increased in recent years, although there has been a parallel decrease in the amount of limits purchased, a recent report from Marsh Inc. indicates. “With increasing frequency, companies are requiring their contractors…
Brokers believe access to – if not participation of – intermediaries should be required during online insurance sales
June 20, 2012 by Canadian UnderwriterCanadian property and casualty insurance brokers are making a pitch to the Canadian Council of Insurance Regulators (CCIR) to ensure intermediaries play an important role in the online purchase of insurance. At a minimum, brokers are calling on the CCIR…
Direct insurers say online information provides enough ‘advice’ for buying insurance products online
June 20, 2012 by Canadian UnderwriterCORRECTION: The June 20 online edition of Canadian Underwriter incorrectly stated that CAFII supports “the idea that consumers should be able to access insurance intermediaries at all times during the online purchase process.” In fact, CAFII proposed the position to the…
Aviva Community Fund is back this fall
June 20, 2012 by Canadian UnderwriterAviva Canada is reintroducing its Aviva Community Fund competition in the fall of 2012. The program, which offers $1 million to encourage Canadians to lead, empower and support community initiatives across the country, is Aviva’s flagship charitable donation project. Launched…