Canadian Underwriter


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How carriers can save money — and the environment — through claims

October 12, 2022 by Alyssa DiSabatino

A new claims solution may help carriers save costs during the claims process while also saving the environment. Through the new EcoClaims pilot program — which diverts waste from landfills by recycling flooring and drywall during the claims and restoration

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News AssociationsBrokersCommercial LinesConstructionInsuranceMarkets / CoveragesProducts

Westland partners with American association for equipment, event rental coverage

October 6, 2022 by Jason Contant

Westland Insurance Group and the American Rental Association (ARA) have announced an exclusive partnership to deliver insurance solutions to ARA members across Canada. ARA is an international trade association for owners of equipment and event rental operations, as well as

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News BrokersClaimsInsuranceProductsTechnology

What cyber insurers can learn from property insurance policies

October 3, 2022 by Alyssa DiSabatino

An increase in frequency and severity of cyber insurance claims may be on the horizon, but insurers may be able to stick-handle this risk by taking inspiration from property insurance programs, said one cyber expert during a Canadian Underwriter webinar.

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Will Canada’s cyber reporting be harmonized?

September 30, 2022 by Alyssa DiSabatino

The Insurance Bureau of Canada would like to see a harmonization in Canada on cyber reporting, says Celyeste Power, IBC’s executive vice president of strategic initiatives and advocacy during a Canadian Underwriter webinar. “A lot of regulators around the world

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News BrokersCommercial LinesEmploymentInsuranceMarkets / CoveragesProductsReinsurance

How to use captives to manage employee benefits risks

September 28, 2022 Mauricio Suarez

By recent counts, more than 7,000 captive insurance companies exist globally, used primarily by multinational companies to take control of various risks. And yet, fewer than 200 of them are used to write employee benefits (EB) risks. Which means less

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News BrokersCommercial LinesConstructionInsuranceMarkets / CoveragesProducts

As inflation and supply chain concerns ease, will insurers adjust pricing?  

August 16, 2022 Philip Porado

Supply chain issues driving inflation since early in the COVID-19 pandemic remain a concern, although emerging signs suggest some trends impacting global goods pricing are starting to abate. “We’ve seen some easing of the supply chain challenges,” said Colette Taylor,

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Do flight delays boost travel insurance purchases?

August 11, 2022 Canadian Underwriter Staff

With travel demand on the rise in the wake of easing COVID-19 restrictions, a larger percentage of Canadians are opting for overseas journeys. The number of Canadian residents returning by air from abroad at kiosk-equipped airports totalled 901,300 in June

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News BrokersInsuranceProducts

Ontario re-ignites commitment to auto insurance reform

August 10, 2022 by Alyssa DiSabatino

The Ontario government re-introduced its 2022 budget and, while there were no changes from an auto insurance perspective, creating choice for consumers will be among the industry’s main concerns, the Insurance Bureau of Canada (IBC) told Canadian Underwriter.  The budget

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News CatastrophesCommercial LinesInsuranceMarkets / CoveragesProductsRisk

Was 2021 a high-water mark for P&C industry returns?

August 4, 2022 Glenn McGillivray

Despite turmoil from the ongoing COVID-19 pandemic that affected everything from the need to work remotely, auto premium rebates and the handling of Cat claims, to the availability and price of building materials and labour, Canada’s P&C insurers still managed

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Where to find recession-proof clients to help grow your business

July 28, 2022 by David Gambrill

Global recession can not only change the way insurance does business, but it also may change the way your clients do business – which may lead to the next big recession-proof opportunities for insurance sales growth. Economies in recession don’t

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News ClaimsCommercial LinesInsuranceLegalProducts

Don’t forget to serve, even if the insurer already knows about the lawsuit

July 26, 2022 by David Gambrill

A claimant in a product liability case must still go through the formal process of serving notice in China of intent to sue a Chinese manufacturer, even if the defendant manufacturer was aware of the claim since 2019, had a

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News Commercial LinesInsuranceMarkets / CoveragesProducts

What’s to blame for P&C industry’s quarterly profitability decline?

June 23, 2022 Canadian Underwriter Staff

At first glance, 2022 Q1 results for Canada’s P&C industry would support the idea that high profits aren’t sustainable. Industry-wide return on equity dipped to 11.5% in 2022 Q1, compared to 19% in 2021 Q1. But the profitability decline stemmed