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Mutual insurers seeing revival in recent years: Swiss Re sigma report

August 2, 2016 by Canadian Underwriter

Mutual insurers’ share of the overall insurance market increased from 24% of direct premiums written in 2007 to just over 26% in 2014, reversing some of the declines of previous decades, according to Swiss Re’s latest sigma report. Released on

Feature CatastrophesInsuranceProfessional Development

Preparing for Disaster

August 2, 2016 Angela Stelmakowich, Editor; and Greg Meckbach, Associate Editor

Disasters and emergency situations can take countless forms, some of these not yet imagined. Whatever the specific event, though, one constant may be the need for collaboration and the idea of joint responsibility.

News InsuranceLegalProfessional DevelopmentTechnology

Saskatchewan Government Insurance notifies customers of a privacy breach

August 2, 2016 by Canadian Underwriter

Saskatchewan Government Insurance (SGI) has notified customers of a privacy breach by an employee at an independent motor licence issuing office in Vonda, Sask. SGI, Saskatchewan’s self-sustaining auto insurance fund, said in a press release on Friday that their investigation

Feature InsuranceLegalProfessional Development

Beyond Chitchat

August 1, 2016 The CIP Society - Insurance Institute of Canada

A long-standing and friendly relationship between a broker and client is always welcome. But busy schedules, brief chats and assumptions should never take the place of a comprehensive review of a client’s risk come renewal time. This sort of annual review is necessary to meet a broker’s professional obligations to the client, insurer and insurance industry as a whole.

Feature AssociationsMergers and AqcuisitionsProfessional Development

Strategic Thinking

August 1, 2016 Greg Meckbach, Associate Editor

Risk management is becoming more about strategy and less about buying insurance and managing hazard risk, Julie Pemberton, RIMS president for 2016, says.

News AssociationsInsuranceProfessional Development

Insurance Brokers Association of Ontario announces Colin Simpson as new CEO

July 28, 2016 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) has announced the appointment of Colin Simpson as CEO, effective Wednesday. IBAO president Doug Heaman made the announcement on behalf of the association’s executive committee and recruitment committee. Simpson brings more than 15

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Trillium Mutual obtains CSIO certification for personal lines eDocs

July 27, 2016 by Canadian Underwriter

The Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Trillium Mutual Insurance Company has become the latest company to obtain CSIO certification for Personal Lines eDocs. When eDocs are used to their full potential, sending, receiving, sorting,

News InsuranceProfessional Development

Economical Insurance board names Rowan Saunders president and CEO effective Nov. 1

July 27, 2016 by Canadian Underwriter

The board of directors of Economical Insurance announced on Wednesday that Rowan Saunders has been named president and CEO effective Nov. 1. Having served as president and CEO of RSA Canada since 2003, Saunders (pictured right) will “further the vision

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Cyberattacks costing U.S. businesses US$3.5 million annually, 79% of businesses lack strategies to manage these risks: Ponemon Institute

July 18, 2016 by Canadian Underwriter

External cyberattacks are costing businesses in the United States about US$3.5 million in incurred annual costs, with 79% of polled businesses lacking comprehensive strategies to manage these risks, according to a new Ponemon Institute study sponsored by BrandProtect. Despite acute

News CatastrophesInsuranceMarkets / CoveragesProfessional Development

AIR Worldwide announces new global resilience practice

July 18, 2016 by Canadian Underwriter

Catastrophe modelling firm AIR Worldwide announced on Monday that it has formed a “global resilience practice,” a new function to support risk reduction and resilience initiatives across the globe. “These initiatives are aimed at developing solutions that aid society’s efforts

News InsuranceLegislation / RegulationMergers and AqcuisitionsProfessional Development

90% of global consumer product companies have experienced data breach, almost half not complying with regulations: Capgemini report

July 14, 2016 by Canadian Underwriter

Nine in ten global consumer product (CP) companies have faced a data breach and nearly one in two do not company with industry regulations, research from Gapgemini has found. The consulting, technology and outsourcing services firm conducted a global survey

News InsuranceLegislation / RegulationMergers and AqcuisitionsProfessional Development

Alberta government consulting on private auto insurance system

July 12, 2016 by Canadian Underwriter

The government of Alberta said on Monday that it is conducting technical consultations with industry stakeholders on the private automobile insurance system. A targeted stakeholder consultation is underway to gather evidence-based information to inform potential technical changes to regulations governing