Keyword
Ratings/Research
Cost is ‘dominant focus’ of North American consumers on auto, home insurance: EY
February 11, 2015 by Canadian UnderwriterMore than 50% of consumers surveyed in North America said cost or terms were a top reason for closing their home or auto insurance policies, Ernst & Young (EY) Global Ltd. suggested in a recent report. EY released the findings…
‘Modest deterioration in underwriting performance’ predicted for U.S. P&C insurers in 2015: A.M. Best
February 10, 2015 by Canadian UnderwriterIn 2015, the combined ratio will be less than 100 for the third year in a row in the United States property and casualty insurance industry, where larger carriers are “leading the charge” in data analytics and usage-based insurance for…
January catastrophes include U.S. northeast snowstorm, flooding in Malawi: Aon Benfield
February 5, 2015 by Canadian UnderwriterRecord snowfall last week resulted in at least $500 million in economic losses on the east coast of the United States, while earlier last month, Australians reported more than $30 million in losses resulting from wildfire, Aon plc’s Impact Forecasting…
Auto sales see another record in 2014, some worrying economic factors persist
February 2, 2015 Angela Stelmakowich, EditorRecord vehicle sales and number of vehicles on the road are fuelling positive feelings in Canada’s collision repair industry, but economic factors signal that a slow down could be on the way, Andrew King, managing partner of DesRosiers Automotive Consultants…
Fitter not Fatter
February 1, 2015 Neil Parkinson, National Insurance Sector Leader; and Mary Trussell, Insurance Sector Partner, KPMGProperty and casualty insurers in Canada, as elsewhere, are well-advised to keep and eye out for existing and emerging risks and opportunities. But with challenges ranging from economic factors to new risk surrounding cyber security, how can insurers capitalize on opportunity?
Scientists say ‘loopy’ jet stream behind weird weather
January 30, 2015 THE CANADIAN PRESSWhile easterners dig out after wintry blasts and blizzards, normally frigid prairie cities are into their second week of a January thaw that has seen overnight rain in Edmonton and shirt sleeves in Calgary. What’s up with the weather? “You…
Nuclear power gets more support, offshore drilling less from scientists than general public: Surveys
January 30, 2015 by Canadian UnderwriterThe percentage of the American general population opposed to building more nuclear power plants is greater than the percentage of members of the American Association for the Advancement of Science, while the number of AAAS members agreeing that “climate change…
Growth, retention top business goals affecting IT investments: Celent
January 29, 2015 by Canadian UnderwriterInsurance carriers in the United States are focusing on improving their distribution practices as a key technique for driving growth, but are facing limited growth opportunities as a result of continuing marketplace pressures, suggests a new report issued Wednesday by…
Analysis reveals political risk exposures around the world
January 29, 2015 by Canadian UnderwriterOxford Analytica and Willis Group Holdings have announced the availability of a new political risk model to help companies assess financial exposure to political risks, the identification and management of which represents a significant and increasingly pressing challenge for boards…
64% of Canadian CEOs surveyed expressed concern about data security: PwC
January 28, 2015 by Canadian UnderwriterCyber security is “strategically important” to three of four Canadian chief executive officers surveyed, while nearly two-thirds identified cyber threats as a concern, PricewaterhouseCoopers (PwC) LLP suggested in a recent report. PwC released results from the 18th Annual Global CEO…
Commercial p&c pricing in United States down slightly in 2014 Q4
January 28, 2015 by Canadian UnderwriterPremium pricing for the commercial property/casualty market in the United States was slightly lower in 2014 Q4, closely mirroring the previous quarter, although wind and hail losses continued to be a problem for some regions, note survey results released Tuesday…
Disciplined underwriting key in overcapitalized global reinsurance sector: A.M. Best
January 13, 2015 by Canadian UnderwriterCurrent conditions in the global reinsurance sector, which remains overcapitalized, demand that disciplined underwriting be the focus of reinsurers, including those that are reducing their books of business to address those challenging conditions, suggests a new report issued Monday by…