Canadian Underwriter

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Markets / Coverages


News InsuranceMarkets / Coverages

U.S. insurance broker profitability to persist in 2017, be supplemented by organic revenue growth: Fitch

December 2, 2016 by Canadian Underwriter

Fitch Ratings expects insurance broker earnings and revenue south of the border to likely to modestly improve in 2017 compared to the first nine months of 2016. “In 2017, Fitch expects brokers will continue to supplement organic revenue growth through

News InsuranceMarkets / CoveragesMergers and AqcuisitionsReinsuranceTechnology

Swiss Re plans to expand R&D capabilities to efficiently allocate capital into growing risk pools

December 2, 2016 by Canadian Underwriter

Swiss Re’s stronger focus on and investment in research and development (R&D) to identify risk pools, as well as its move to further leverage technology, seeks to meet the twin goals of facilitating enhanced client support and creating competitive advantage.

News InsuranceMarkets / CoveragesTechnology

Incumbent insurers need to understand the “ABCs of insurtech,” Novarica says

December 1, 2016 by Canadian Underwriter

Incumbent insurers need to understand the “ABCs” of insurtech – Analytics Arms Dealers, Beneficial Bots, Creative Carriers and Digital Distributors – to get a better grasp of the space, according to a new executive brief from Boston-based research and advisory

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

Ontario launches consultations to cut red tape in financial services sector

December 1, 2016 by Canadian Underwriter

The province of Ontario is launching consultations until the end of January 2017, asking businesses and the public to help identify and improve regulations that are “unclear, outdated, redundant or unnecessarily costly” for the financial services sector. Feedback can be

Feature CatastrophesInsuranceMarkets / Coverages

Protective Cover

December 1, 2016 Sean van Zyl, Freelance Writer

The role of capital markets in alternative risk transfer within the property and casualty insurance industry is not new. However, the development of sophisticated financial instruments continues to expand, with resilience bonds being the latest arrival in the catastrophic risk market.

Feature InsuranceMarkets / Coverages

In Touch

December 1, 2016 Canadian Underwriter

Technology is today’s shiny new thing in the property and casualty insurance industry. Unlike many passing fancies, though, technology offers great promise for enhancing efficiencies, identifying risks and cutting costs. Still, insurers need to guard against becoming distracted and straying from what needs to be their ultimate focus: improving customer experience.

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Insurers that carry out a significant acquisition outperform their peers, with the strongest outperformance in North America: study

December 1, 2016 by Canadian Underwriter

Insurance firms that carry out a significant acquisition outperform their peers, with the strongest outperformance seen in North America, followed by Europe and Asia-Pacific, according to a new study. Based on analysis from Willis Towers Watson (WTW) and the University

News CatastrophesInsuranceMarkets / Coverages

After new energy regulations, Oklahoma’s earthquake rate drops

November 30, 2016 Seth Borenstein - THE ASSOCIATED PRESS

WASHINGTON – The rate of earthquakes in Oklahoma has dropped dramatically since late May, when the state limited wastewater injections into energy wells, an Associated Press statistical analysis shows. And a new scientific study says the state is on its

News InsuranceLegalMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Lawyer explains why some federally-regulated employees cannot be dismissed without cause

November 30, 2016 by Canadian Underwriter

A Supreme Court of Canada ruling released in July has “huge ramifications” for employers in the trucking industry, while a more recent decision provides guidance on interpreting standard-form contracts, a lawyer suggested Tuesday to insurance professional in Toronto. In its

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Actuaries Climate Index launched to measure changes in extreme weather events and sea level in Canada, continental U.S.

November 30, 2016 by Canadian Underwriter

Organizations representing the actuarial profession in Canada and the United States have launched the Actuaries Climate Index (ACI), a quarterly measure of changes in extreme weather events and sea levels. The ACI, available online at ActuariesClimateIndex.org, is an educational tool

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Global aerospace insurance market to decline slightly from 2016 to 2020, new research suggests

November 30, 2016 by Canadian Underwriter

The global aerospace insurance market will decline at a compound annual growth rate of -0.37% during the period from 2016 to 2020, according to a new report from Research and Markets. The Global Aerospace Insurance Market 2016-2020 report, released on

News ConstructionInsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Saskatchewan government introduces act aimed at enhancing regulatory oversight of provincial pipelines

November 29, 2016 by Canadian Underwriter

The Government of Saskatchewan announced on Monday that it has introduced new legislation aimed at enhancing regulatory oversight of the province’s oil and gas industry. The government introduced The Pipelines Amendment Act in the Legislature, replacing The Pipelines Act, the