Canadian Underwriter


News CatastrophesClimate ChangeLegalMergers and AqcuisitionsTechnology

IBC, Tesera Systems announce transfer agreement for bureau’s Municipal Risk Assessment Tool

March 30, 2016 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has announced the intellectual property rights for its municipal risk assessment tool (MRAT) – a made-in-Canada solution to help communities be more resilient and adaptable to climate change – is being transferred to Tesera Systems

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Technology playing ever larger role in U.S. specialty lines carriers’ ability to attract and retain clients: Novarica

March 30, 2016 by Canadian Underwriter

Specialty lines in the United States continue to be hypercompetitive, with technology playing an ever larger role in insurers’ ability to attract, retain and serve clients and brokers (agents) profitably, according to a new report from Novarica. The Business and

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

IBAO president anticipates ‘bright future for brokers who are willing to change’

March 29, 2016 Greg Meckbach, Associate Editor

The insurance industry may not be known for technological innovation, but there is a future for brokers who are willing to change, speakers said Tuesday during the annual general meeting of the Insurance Brokers of Toronto Region. “The only thing

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Auto insurers face long-term challenges from self-driving cars; avoidance technologies to benefit insurers: Moody’s

March 29, 2016 by Canadian Underwriter

Self-driving cars could translate into significantly lower premiums and profits in the long-term for auto insurers as the number of accidents declines dramatically, Moody’s Investors Service said on Tuesday. A new report from Moody’s – titled P&C Insurance – Global:

News Professional DevelopmentTechnology

Uncertain times highlight need for change at the CFO, finance levels: Deloitte

March 29, 2016 by Canadian Underwriter

An increasingly uncertain business climate means finance departments have just four to five years to modernize if they are to meet the rising expectations of the organizations they serve, suggests a report issued Tuesday by Deloitte. Chief financial officers (CFOs)

News AssociationsEarnings / RatingsInsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Cyber risk, interest rates, economy remain major concerns for insurers: A.M. Best

March 28, 2016 by Canadian Underwriter

Concerns regarding cyber risk, interest rates and the economy remain prominent among insurers, according to the latest quarterly survey from A.M. Best Company. The Best’s Special Report, released on Thursday, included several hundred responses, representing property and casualty (70.4%), life

News InsuranceTechnology

Insurance Industry Secrets Revealed

November 6, 2015 by Adam

You are about to unlock the ultimate information about the insurance industry.

News InsuranceTechnology

Bill proposing mandatory insurance coverage for railways hauling dangerous goods reaches second reading

March 31, 2015 by Canadian Underwriter

A bill proposing to mandate specific levels of insurance for Canadian railway operators – of $1 billion in some cases – was tabled Monday in Ottawa for second reading in the House of Commons. MPs debated Bill C-52, the Safe

Feature LegalTechnology


March 1, 2015 Angela Stelmakowich, Editor

Seeking ways to better manage the risks associated with oil-by-rail transport – as well as to deal with the often negative and costly fallout from derailments, collisions or worse – is gaining momentum in Canada. Ottawa looks to be moving

News InsuranceMergers and AqcuisitionsTechnology

Google to build a self driving car prototype with no steering wheel; will not be sold publicly

May 28, 2014 Justin Pritchard - THE ASSOCIATED PRESS

LOS ANGELES – Google will build a car without a steering wheel. It doesn’t need one because it drives itself. The two-seater won’t be sold publicly, but Google said Tuesday it hopes by this time next year, 100 prototypes will

News Climate ChangeInsuranceTechnology

Evacuation zone remains in Halifax due to incident involving ‘weapons grade’ uranium

March 14, 2014 Aly Thomson and Keith Doucette THE CANADIAN PRESS

Fire officials say an evacuation zone remained in place Friday at a port in Halifax after four steel cylinders carrying weapons-grade uranium fell about six metres the night before as they were being unloaded from a container ship, prompting a

News InsuranceLegalTechnology

Federal unit ‘most likely’ needs more funding if emergency response plans mandated for flammable liquids transported by rail: Report

February 18, 2014 by Canadian Underwriter

A report recently submitted to Transport Minister Lisa Raitt notes that shipments of crude oil by rail have “risen exponentially” in recent years and but that the federal organization responsible for guidance on transportation of dangerous goods may not have