Topic Insurers
How many of your clients asked their auto insurer for premium relief?
June 22, 2021 by Jason ContantMany Canadians have been driving far less during the COVID-19 pandemic, but more than half of them did not reach out to their auto insurer to inquire about discounts or changes to their policies, according to a new survey from…
Why one-third of Canadian P&C professionals want to go back to the office
June 22, 2021 by Adam MalikAbout one-third of 800 Canadian P&C insurance professionals surveyed by Canadian Underwriter in June are enthusiastic to return to the office, and that’s mainly because they want to see their friends again. Today, 34% of Canadian P&C insurance professionals reported…
The future clients want to see in auto claims processing
June 21, 2021 by Adam MalikAfter an initial surge, the number of clients taking advantage of virtual claims processing has dipped. For insurers, now is a critical time to evaluate their processes and figure out how to properly provide a touchless experience, says a recent…
Why liability insurance did not cover the defence of a remediation order
June 18, 2021 by Greg MeckbachAn eastern Ontario municipality does not have coverage with any of its four former liability insurers for a dispute with the provincial environment ministry over alleged pollution occurring more than six decades ago. That’s because the insurance policies in question…
Working from home increasingly popular among Canadian P&C professionals
June 18, 2021 by Adam MalikMore property and casualty insurance industry professionals are working from today than six months ago — and more are “very satisfied” to be doing so, according to a Canadian Underwriter poll conducted last week. Canadian Underwriter first asked the industry…
Canadian P&C industry’s financial results take a turn for the better
June 18, 2021 by David GambrillCanada’s property and casualty insurance industry reported a much sunnier financial picture in 2021 Q1 than it did during the same time last year, according to a recent quarterly report by the Property and Casualty Insurance Compensation Corporation (PACICC). Financial…
What’s the state of the cyber market these days?
June 17, 2021 by Adam MalikA lack of scrutiny around the risk being taken on and a flawed claims process bit the cyber insurance market hard, especially over the last year, according to experts in the field. Now, they added, there are signs that insurers…
Two things you need to explain to your clients
June 16, 2021 by David GambrillRisk and insurance professionals need to address two common client misunderstandings about how the property and casualty insurance industry works, a risk professional suggested to Canadian Underwriter Tuesday. First, clients may not fully understand the interconnectedness of the P&C industry,…
Progress report: Canada-wide flood mapping is well underway
June 16, 2021 by Greg MeckbachA nationwide estimate of coastal, pluvial, and fluvial flood hazard is one part of the ongoing effort to come up with a national approach to insuring or re-locating homes at high risk of flood, a federal government official suggests. Flood…
IBC elects Allstate Canada president and CEO to lead its board
June 16, 2021 by Jason ContantRyan Michel, president and CEO of Allstate Insurance Company of Canada, has been elected chairman of Insurance Bureau of Canada (IBC)’s board of directors. Michel has more than two decades of industry experience. He is accountable for the Allstate Canada…
An expert’s guess on how long the D&O hard market will last
June 16, 2021 by Adam MalikWhile things may not get any worse in the directors and officers (D&O) liability market, it’ll still be about another 18 months until things start to turn for the better, an expert in the area predicted. “I don’t see it…
What employers and employees can expect of each other in a hybrid future
June 15, 2021 by Adam MalikIt’s reasonable for your boss to ask you to dress appropriately for video calls with clients, but brokers can also reasonably ask for flexible work hours, says an expert from Aon. No matter what the expectations may be, companies and…