Topic
Markets / Coverages
McDougall Insurance discusses latest merger
January 3, 2018 by Jason ContantMcDougall Insurance & Financial is merging with Worden Insurance & Financial Services, a 13-employee brokerage operating out of Oshawa. Based in Belleville, Ont., McDougall Insurance & Financial is looking to extend its footprint in Ontario’s Durham region with its latest…
Why Canadian insurers should feel lucky after 2017
January 3, 2018 by Greg MeckbachAfter a year of massive North Atlantic hurricane losses, Canadian P&C insurers may have dodged a bullet with this year’s renewal season. Reinsurers licensed in Canada “were the main beneficiaries of the relatively quiet Canadian CAT year,” wrote Joel Baker,…
2018 Outlook: John Taylor, President, CEO, Ontario Mutual Insurance Association (OMIA)
January 3, 2018 John TaylorA lot of time and effort in 2018 will be spent reviewing this past year, which could be characterized as “the year of the water claim.” Almost all Ontario mutuals were exposed to one or more heavy rainfall events in…
Management buyout features Canadian broker tech guru
January 2, 2018 by Canadian UnderwriterPat Durepos, a well-known Canadian broker in the insurance tech space, is a key figure in a management buyout at Hubio Exchange, the Canadian division of Hubio Exchange has announced. Hubio Exchange has provided industry tech solutions to Canadian insurers…
Blame auto losses for lackluster 2017 P&C results
January 2, 2018 by Greg MeckbachDespite a “relatively benign” year in Canada for catastrophes in 2017, the industry-wide combined ratio in Canada was still fairly high at 96.8% during the first nine months of last year, with auto results partly to blame, MSA Research reported…
2018 Outlook: Heidi Sevcik, President, CEO, Gore Mutual Insurance Company
January 2, 2018 Heidi SevcikThe pace of change in the property and casualty market remains faster than ever before, increasing the need for cooperation and innovation in 2018. The increasing frequency of severe weather events emphasizes the importance of the industry and governments working…
2018 Outlook: Rowan Saunders, President, CEO, Economical Insurance
January 2, 2018 Rowan SaundersThe continued deterioration and loss trends in automobile insurance and the impact of climate change will be the two biggest trends affecting Canada’s property and casualty insurance market in 2018. Auto is a challenge in many parts of the country,…
2018 Outlook: Lynn Oldfield, President, CEO, AIG Canada
January 2, 2018 Lynn OldfieldAs chair of the board of the Insurance Institute of Canada (IIC), I see graduating insurance professionals who are educated, committed, and inspiring. Their sacrifice and determination in completing their Chartered Insurance Professional (CIP) and Fellow Chartered Insurance Professional (FCIP)…
2018 Outlook: Sean Murphy, President, Lloyd’s Canada
January 2, 2018 Sean MurphyMost people in the industry anticipate a hardening of the market in 2018, the aftermath of an historic year of natural catastrophes. Some of the first signs of rising rates in the Canadian P&C industry are already starting to emerge.…
Autonomous trucks moving quickly to commercial reality despite job threat
January 2, 2018 Ross Marowits - THE CANADIAN PRESSMONTREAL – Once thought of as a distant fantasy, autonomous trucks are moving towards commercial reality on Canadian highways as companies look to boost productivity amid a driver shortage and governments seek to reduce deadly crashes. They are not yet…
2018 Outlook: Denis Dubois, President, COO, Desjardins General Insurance Group
December 29, 2017 Denis DuboisCanada’s property and casualty insurance industry will continue to evolve rapidly in 2018 in response to accelerating technology, changing customer expectations and climate change. Technology is a double-edged sword for insurers. Vehicles are safer than ever thanks to multiple sensors…
2018 Outlook: Ulrich Kadow, Chief Agent of Canada, Allianz Global Corporate & Specialty Americas
December 29, 2017 Ulrich KadowAcross all markets, including Canada, pricing levels are generally at historic lows, which in many cases are well below technical pricing recommendations. Globally, recent natural catastrophes have highlighted the increasing frequency and potential severity of major events, potentially leading to…