Topic
Markets / Coverages
Protective Cover
December 1, 2016 Sean van Zyl, Freelance WriterThe 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.
In Touch
December 1, 2016 Canadian UnderwriterTechnology 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.
Insurers that carry out a significant acquisition outperform their peers, with the strongest outperformance in North America: study
December 1, 2016 by Canadian UnderwriterInsurance 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…
After new energy regulations, Oklahoma’s earthquake rate drops
November 30, 2016 Seth Borenstein - THE ASSOCIATED PRESSWASHINGTON – 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…
Lawyer explains why some federally-regulated employees cannot be dismissed without cause
November 30, 2016 by Canadian UnderwriterA 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…
Actuaries Climate Index launched to measure changes in extreme weather events and sea level in Canada, continental U.S.
November 30, 2016 by Canadian UnderwriterOrganizations 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…
Global aerospace insurance market to decline slightly from 2016 to 2020, new research suggests
November 30, 2016 by Canadian UnderwriterThe 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…
Saskatchewan government introduces act aimed at enhancing regulatory oversight of provincial pipelines
November 29, 2016 by Canadian UnderwriterThe 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…
Runway end safe areas should meet international standards: TSB
November 29, 2016 by Canadian UnderwriterTransportation Safety Board of Canada reiterated this week its warning of a lack of runway end safety areas in Canada that meet international standards. In December, 2007, TSB recommended that Transport Canada require all runways, with a length of greater…
Saskatchewan reaches deal with Ottawa on future of coal-fired power plants
November 28, 2016 The Canadian PressREGINA – Saskatchewan says it has reached a deal with Ottawa that will allow the province to keep using coal-fired power plants in what it calls “a responsible manner” beyond 2030. The agreement will allow the province to meet federal…
Extreme weather events can be modelled as “independent” by global reinsurers, Lloyd’s and Met Office study confirms
November 28, 2016 by Canadian UnderwriterExtreme weather events can be modelled as “independent” by global reinsurers when assessing many of their key aggregate risks around the world, confirmed a new report from Lloyd’s, the world’s only specialist insurance and reinsurance market, and the Met Office,…
Government of Canada to develop clean fuel standard
November 28, 2016 by Canadian UnderwriterThe Government of Canada announced on Friday that it will consult with provinces and territories, Indigenous peoples, industries and non-governmental organizations to develop a clean fuel standard. The standard would require reductions in the carbon footprints of the fuels supplied…