Topic Education
Applications for Toronto Insurance Conference scholarships program due soon
August 9, 2016 by Canadian UnderwriterThe Toronto Insurance Conference (TIC) is reminding broker members, partners and staff that the deadline to submit applications for the annual TIC Scholarships Program is just around the corner. Up to $15,000 in scholarships will be available as part of…
Totten Insurance Group acquires Canadian Resources Insurance Solutions
August 3, 2016 by Canadian UnderwriterNational insurance managing general agency Totten Insurance Group announced on Wednesday that it has acquired the shares of Canadian Resources Insurance Solutions, Inc. (CRIS), a Sudbury, Ont. based insurance wholesaler. Terms of the acquisition were not disclosed, but Hub International…
Waterloo, Ont.’s Lackner McLennan acquires Erb and Erb Insurance Brokers
August 2, 2016 by Canadian UnderwriterLackner McLennan Insurance Ltd. announced on Tuesday that it has acquired Erb and Erb Insurance Brokers Ltd. Waterloo, Ont.-based Lackner McLennan (LMI) said in a press release that the acquisition occurred on Friday. Kitchener, Ont.-based Erb and Erb and Lackner…
Mutual insurers seeing revival in recent years: Swiss Re sigma report
August 2, 2016 by Canadian UnderwriterMutual 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…
Saskatchewan Government Insurance notifies customers of a privacy breach
August 2, 2016 by Canadian UnderwriterSaskatchewan 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…
Insurance Brokers Association of Ontario announces Colin Simpson as new CEO
July 28, 2016 by Canadian UnderwriterThe 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…
Trillium Mutual obtains CSIO certification for personal lines eDocs
July 27, 2016 by Canadian UnderwriterThe 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,…
Economical Insurance board names Rowan Saunders president and CEO effective Nov. 1
July 27, 2016 by Canadian UnderwriterThe 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…
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 UnderwriterExternal 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…
AIR Worldwide announces new global resilience practice
July 18, 2016 by Canadian UnderwriterCatastrophe 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…
90% of global consumer product companies have experienced data breach, almost half not complying with regulations: Capgemini report
July 14, 2016 by Canadian UnderwriterNine 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…
Alberta government consulting on private auto insurance system
July 12, 2016 by Canadian UnderwriterThe 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…