Canadian Underwriter

Topic Insurers

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How many of your clients asked their auto insurer for premium relief?

June 22, 2021 by Jason Contant

Many 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

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News BrokersClaims ProfessionalsHRInsurersManagementOperationsRisk Managers

Why one-third of Canadian P&C professionals want to go back to the office

June 22, 2021 by Adam Malik

About 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

News ClaimsClaims ProfessionalsClaims TechnologyCommercial AutoInsurersPersonal Auto

The future clients want to see in auto claims processing

June 21, 2021 by Adam Malik

After 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

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Why liability insurance did not cover the defence of a remediation order

June 18, 2021 by Greg Meckbach

An 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

Young happy business woman sit indoors in home office using laptop computer
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Working from home increasingly popular among Canadian P&C professionals

June 18, 2021 by Adam Malik

More 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

News InsurersLoss TrendsOperationsPersonal AutoPersonal Home

Canadian P&C industry’s financial results take a turn for the better

June 18, 2021 by David Gambrill

Canada’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

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News BrokersClaimsClaims ProfessionalsCommercialCyberInsurersLoss Trends

What’s the state of the cyber market these days?

June 17, 2021 by Adam Malik

A 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

News BrokersClaims ProfessionalsEducationInsurersRisk Managers

Two things you need to explain to your clients

June 16, 2021 by David Gambrill

Risk 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,

The small town of Okotoks was hit hard by the June floods of 2013, with the river valley rushing and raging through wiping out pedestrian bridges, campgrounds, river banks and pathways.
News CatastrophesClaimsClaims Canada ArchiveInsurersLoss TrendsPersonal HomeProperty

Progress report: Canada-wide flood mapping is well underway

June 16, 2021 by Greg Meckbach

A 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

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IBC elects Allstate Canada president and CEO to lead its board

June 16, 2021 by Jason Contant

Ryan 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

News BrokersCommercialInsurersLiability

An expert’s guess on how long the D&O hard market will last

June 16, 2021 by Adam Malik

While 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

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News BrokersHRInsurersManagement

What employers and employees can expect of each other in a hybrid future

June 15, 2021 by Adam Malik

It’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