Topic Education
U.S. professional liability market to remain robust in 2017, with competitive level for D&O and E&O businesses remaining heightened: A.M. Best
January 13, 2017 by Canadian UnderwriterThe professional liability sector of the United States property and casualty insurance market will continue to be robust in 2017, with the competitive level for directors and officers (D&O) and errors and omissions (E&O) businesses specifically remaining heightened, A.M. Best…
Worldwide IT spending forecast to grow 2.7% in 2017: Gartner
January 13, 2017 by Canadian UnderwriterWorldwide spending on information technology is projected to total US$3.5 trillion in 2017, a 2.7% increase from 2016, according to Gartner, Inc. Gartner, a Stamford, Conn.-based IT research and advisory company, noted in a statement on Thursday that the growth…
Canadian Underwriter, DMTI Spatial webinar on Feb. 15 to explore analytics, location intelligence in insurance
January 12, 2017 by Canadian UnderwriterCanadian Underwriter magazine and DMTI Spatial are offering a webinar Feb. 15th on advanced analytics and location intelligence. The webinar, scheduled at 10:00 a.m. Eastern time, is titled Adapting to Digital Disruptions: How Advanced Analytics and Location Intelligence Helps the…
Berkshire Hathaway Specialty Insurance enters marine insurance market in Canada
January 10, 2017 by Canadian UnderwriterBerkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it is introducing inland and ocean marine insurance in Canada. John Evans, vice president of marine with BHSI, said in a press release that with Gord Rider, who was named senior…
Internet of Things spending to reach US$1.29 trillion by 2020, insurance industry to see fast spending growth: report
January 5, 2017 by Canadian UnderwriterWorldwide spending on the Internet of Things (IoT) was forecast to reach US$737 billion in 2016 and grow at a compound annual growth rate (CAGR) of 15.6% from 2015-2020 to US$1.29 trillion, according to the International Data Corporation (IDC). The…
Crawford & Company finalizes majority acquisition of WeGoLook
January 5, 2017 by Canadian UnderwriterCrawford & Company announced on Thursday that it has finalized its majority acquisition of WeGoLook LLC, an online and mobile collaborative economy platform headquartered in Oklahoma City. Crawford & Company, an independent provider of claims management solutions to insurance companies…
Hub International acquires Saskatchewan brokerage “association” Mainline Insurance Brokers Inc.
January 4, 2017 by Canadian UnderwriterGlobal insurance brokerage Hub International announced on Wednesday that it has acquired Canadian-based Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. (together as Mainline). Terms of the acquisition were…
Brokerage tech adoption increases by 12% across Canada: CSIO
January 4, 2017 by Canadian UnderwriterBrokerage adoption of nine key technologies has risen by 12% across Canada to a new high of 69%, according to the Centre for Study of Insurance Operations (CSIO). The announcement on Wednesday kicks off the second year of CSIO’s Technology…
University of Toronto to offer “first in Canada” certificate in forensic engineering
January 4, 2017 by Canadian UnderwriterThe University of Toronto (U of T) has announced that it will be offering a new certificate in forensic engineering, something the university calls a “first in Canada.” The U of T course is core to a new certificate in…
RIMS names Canadian risk manager Nowell R. Seaman as 2017 president
January 3, 2017 by Canadian UnderwriterRIMS, the risk management society, announced on Tuesday that Nowell R. Seaman will lead the society as its 63rd president for the 2017 term, which became effective Jan. 1. Seaman, RIMS-CRMP, FCIP, CRM, has been a member of RIMS for…
Chubb expands suite of cyber loss mitigation services for Canadian and U.S. policyholders
December 22, 2016 by Canadian UnderwriterChubb announced on Thursday an expanded suite of cyber loss mitigation services is now available to help the company’s policyholders in Canada and the United States reduce the impact and likelihood of a cyber incident. According to a press release…
BlackBerry creates autonomous vehicle innovation centre in Ottawa
December 20, 2016 by Canadian UnderwriterBlackBerry has announced the creation of the BlackBerry QNX Autonomous Vehicle Innovation Centre (AVIC). John Chen, executive chairman and CEO of BlackBerry Limited and Canadian Prime Minister Justin Trudeau unveiled AVIC on Monday. Housed within the BlackBerry QNX facility in…