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News EducationMergers and Aqcuisitions

Vericlaim Canada acquires RGM Claims Services

September 1, 2016 by Canadian Underwriter

Vericlaim Canada – a subsidiary of Sedgwick Claims Management Services, Inc. – announced on Thursday that it has acquired the assets of RGM Claims Services, Inc. Mississauga, Ont.-based Vericlaim Canada is a national provider of loss adjusting and claims management

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Social media the most dangerous medium for individual, corporate public image, new Canadian poll finds

August 31, 2016 by Canadian Underwriter

Social media is the medium most able to cause damage to the public image of an individual or organization, according to the results of a new Nanos Research poll. Toronto-based Signal Leadership Communication Inc. (SLC), a social PR consultancy for

News EducationTechnology

Industry must innovate or become irrelevant, conference speaker cautions

August 31, 2016 by Angela Stelmakowich, Editor

The insurance industry will likely face what could be its biggest shift ever over the next decade and successful navigation will demand greater collaboration with a wider group of organizations, Mike Key, SAP’s vice president of business development, Global Core

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Customer expectations require carriers to move to digitalization

August 31, 2016 by Angela Stelmakowich, Editor

There is a need to move beyond digitization to digitalization if insurance carriers expect to truly be prepared to address customer expectations in the digital age, Avi Greenfield, senior manager of product strategy for OpenText Exstream, said Tuesday at Insurance-Canada.ca’s

News EducationTechnology

Speed trumps quality for insurers working on digital experience: Executive Forum Speaker

August 30, 2016 by Greg Meckbach, Associate Editor

Insurance companies aiming to create value for their customers would be well advised to look beyond the “front end” of their customer-facing computer applications, implement their services before their competitors and recognize the importance of the “geeks” in their organizations,

News Education

Rob Wesseling to become president and CEO of The Co-operators on Dec. 1

August 30, 2016 by Canadian Underwriter

The Co-operators’ board of directors has announced that Rob Wesseling will become president and chief executive officer of the company, effective Dec. 1. Currently the executive vice president (EVP) of property and casualty (P&C) operations for the Co-operators General Insurance

News EducationInsurersMergers and Aqcuisitions

ICBC asks for 4.9% increase to basic insurance rates, lower than last year’s 5.5% increase

August 26, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) announced on Thursday that it will submit its 2016 basic rate application to the British Columbia Utilities Commission, asking for a 4.9% increase to basic insurance rates – lower than last year’s 5.5%

News EducationLegalMergers and Aqcuisitions

Ontario government to table home inspector licensing legislation

August 18, 2016 by Canadian Underwriter

Six months after a bill proposing to regulate home inspectors was tabled in the Ontario legislature, the provincial government said Wednesday it plans to “introduce legislation this fall that would, if passed, regulate the province’s home inspection industry.” Bill 165,

News EducationMergers and AqcuisitionsTechnology

Transportation Safety Board warns against ‘single layer of defence’ in managing aviation risk

August 18, 2016 by Canadian Underwriter

Some aviation firms “are not effectively managing their safety risks,” the Transportation Safety Board of Canada warned Wednesday as it released a report into an incident near Montreal that injured a pilot and three passengers in a Beechcraft King Air

News EducationMergers and Aqcuisitions

U.S. Millennial small business owners more prepared for natural disasters and cyberattacks than previous generations: study

August 18, 2016 by Canadian Underwriter

Millennial small business owners in the United States are more likely than Gen X or Baby Boomers to have plans for natural disasters, cyberattacks, retirement benefits and even business succession, a new study has found. The second annual Small Business

News EducationMergers and Aqcuisitions

Patrick Bieleny appointed president and CEO of Western Financial Group

August 17, 2016 by Canadian Underwriter

Western Financial Group and its board of directors announced on Wednesday that Patrick Bieleny has been appointed as the organization’s president and chief executive officer. Bieleny (pictured left) succeeds Paul Taylor, who retired on July 4, Western Financial Group said

News EducationInsurers

Ontario Municipal Insurance Exchange (OMEX) suspends underwriting operations

August 11, 2016 by Canadian Underwriter

The Ontario Municipal Insurance Exchange (OMEX) announced on Thursday that it will suspend Reciprocal underwriting operations effective immediately “to allow it time to fully assess the needs of Ontario municipalities with a view to redesigning its products to better service