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Markets / Coverages
Credit outlook for the North America insurance industry mostly stable: Standard & Poor’s
July 21, 2015 by Canadian UnderwriterA resilient economy in the United States is shielding North American credit conditions from increasing risks, while the credit outlook for the insurance industry being stable, notes a briefing issued Tuesday by Standard & Poor’s. The report is based on…
Uptick in combined ratios as U.S. commercial insurance pricing weakens: Moody’s
June 24, 2015 by Canadian UnderwriterMost lines of property and casualty insurance in the United States will likely experience weaker pricing in 2015 than in 2014, Moody’s Investors Service notes in a new report released Tuesday. In its annual p&c insurance survey, US P&C Insurance…
Senate recommends Ottawa use a ‘light touch’ when regulating Bitcoin
June 19, 2015 Alexandra Posadzki - THE CANADIAN PRESSTORONTO – A report from Canada’s Senate says Ottawa should use a “light touch” when considering any regulation of Bitcoin and other digital currencies, to avoid stifling the growth of these new technologies. The report recommends that the federal government…
June 1 renewals show rate of price declines moderating: Guy Carpenter
June 4, 2015 by Canadian UnderwriterThe rate of reinsurance price declines is moderating, partly driven by a healthier Florida insurance environment that is prompting higher demand for reinsurance, Guy Carpenter & Company, LLC reports in announcing its June 1 renewals. After two years of price…
Interest rates to start rising later this year: CSIO speaker
May 15, 2015 Greg Meckbach, Associate EditorAs some insurers struggle to maintain profitability with interest rates at a historic low, central banks in Canada and the United States will start to raise those rates over the next 18 months, but Canadians are “well insulated” against a…
Q1 non-life loss ratio improves 1.4 points, premiums down 6.6% for PartnerRe
April 28, 2015 by Canadian UnderwriterCommercial insurance carrier and reinsurer PartnerRe Ltd. released Monday its financial results for the three months ending March 31, reporting a 2% drop in net premiums earned, a 1.1-point improvement in its combined ratio and a 20.8% drop in net…
Apple Watch launch April 24 ‘the biggest date’ in insurance industry: CIP symposium speaker
April 17, 2015 Greg Meckbach, Associate EditorThe “biggest date” in the insurance industry will be April 24, when Apple Inc. is scheduled to launch its wristwatches, a business professor suggested Thursday to insurance professionals at the CIP Society Symposium in Toronto. “Starting next week on April…
Canadian commercial insurance prices in aggregate showing marginal increases since 2012, says Towers Watson survey
April 7, 2015 by Canadian UnderwriterCommercial insurance prices in aggregate have been increasing marginally for the past two years, with the 2014 fourth quarter results the highest reported since Q2 2012, according to a new survey from Towers Watson. Released to the media on Tuesday,…
Insurers pessimistic over interest rate changes: A.M. Best report
April 2, 2015 by Canadian UnderwriterInsurers have become increasingly pessimistic about the possibility of a material change in interest rates this year, suggested a study published Thursday by ratings firm A.M. Best Company Inc. The special report, titled A.M. Best Winter 2014 – 2015 Insurance…
Insurers risk being sidelined by internet-savvy consumer generation: Towers Watson
April 2, 2015 by Canadian UnderwriterA new report from Towers Watson has suggested that price-conscious buyers under 30 years of age are driving a fundamental shift in how insurance is bought. Many under-25s are far more risk aware and interested in financial security than previously…
CAA launches new risk management solution for high net worth members in Ontario
April 1, 2015 by Canadian UnderwriterCAA Insurance Company (Ontario) announced on Wednesday that it is unveiling CAA Distinct – a comprehensive risk management solution for high net worth members in Ontario. CAA Distinct is a new insurance program designed specifically to address the complex risks…
Location, Location
March 31, 2015 Mary Allen and Michael O'Neil, principals, InsightaaS|Mary Allen and Michael O'Neil, principals, InsightaaSNew technologies, such as location-based intelligence, are helping insurers mitigate catastrophe risk.