Canadian Underwriter

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News InsuranceMergers and Aqcuisitions

Combined ratio for U.S. P&C industry improves 0.4 points to 97.2% through the third quarter of 2015: A.M. Best

January 18, 2016 by Canadian Underwriter

The property and casualty industry in the United States continued to post favourable underwriting and operating results through the third quarter of 2015, with the combined ratio improving 0.4 points to 97.2 compared with its prior-year mark, ratings firm A.M.

News Insurance

Dedicated reinsurance capacity likely to remain flat: A.M. Best

January 11, 2016 by Canadian Underwriter

Ratings firm A.M. Best Company said on Monday that it expects that dedicated reinsurance capacity, which includes US$68 billion of convergence capacity, will likely remain flat at an estimated US$400 billion in 2015 compared with the previous year. A.M. Best,

News CatastrophesInsuranceMergers and Aqcuisitions

Property catastrophe reinsurance rates decline on January 1 renewals: Fitch

January 8, 2016 by Canadian Underwriter

International property catastrophe reinsurance rates dropped from 5% to 15% on renewal Jan. 1, after a quiet Atlantic hurricane season and with the availability of alternative sources of capital, Fitch Ratings Inc. suggested Wednesday. “Based on broker and market reports,

News InsuranceMergers and Aqcuisitions

U.S. p&c commercial lines 2016 outlook negative; personal lines outlook stable: A.M. Best

January 8, 2016 by Canadian Underwriter

Anticipating more downgrades than upgrades in the coming year, A.M. Best reports that it is maintaining its negative outlook on the commercial lines segment of the United States property/casualty industry. The negative outlook is despite relatively solid aggregate results over

News InsuranceMergers and Aqcuisitions

U.S. P&C insurer profits challenged by investment prospects: Fitch Ratings

December 23, 2015 by Canadian Underwriter

Declining investment yields are among the most considerable operating challenges facing property and casualty insurers in the United States heading into 2016, credit ratings and research firm Fitch Ratings said on Wednesday. Yields in insurers’ investments “fell again in 2015

News Insurance

Lloyd’s to launch insurance-based index in 2016

December 16, 2015 by Canadian Underwriter

Lloyd’s of London, the world’s specialist insurance and reinsurance market, announced on Wednesday that it plans to launch its own insurance-based index in the summer of 2016. Lloyd’s said in a statement that the release “would be the first index

News Insurance

U.S. commercial insurance price increases ‘continued to moderate further’ in Q3: Towers Watson

December 14, 2015 by Canadian Underwriter

There was little change in commercial insurance premiums reported by carriers surveyed by Towers Watson & Co. in the third quarter of 2015 compared to the same period in 2014, while loss ratios improved overall by 1%. “Commercial insurance prices

News InsuranceMergers and Aqcuisitions

45% of global insurers believe that connected devices will be driver of revenue growth in the next three years: Accenture

December 9, 2015 by Canadian Underwriter

Insurers are accelerating their plans to become more digital, driven by increased adoption of Internet of Things (IoT) technologies, data and analytics tools and digital-first distribution models, according to a report released on Wednesday by global professional services company Accenture.

News InsuranceMergers and Aqcuisitions

U.S. commercial, personal lines sector will remain stable in 2016 despite challenges: Fitch Ratings

December 8, 2015 by Canadian Underwriter

One day after Fitch Ratings reported that the insurance market underwriting cycle is turning unfavourable in many commercial market segments in the United States, the ratings firm said that it is maintaining its stable ratings outlook in both the commercial

News InsuranceMergers and Aqcuisitions

U.S. underwriting cycle turning unfavourable in commercial segments, including D&O liability: Fitch Ratings

December 7, 2015 by Canadian Underwriter

The insurance market underwriting cycle is turning unfavourable in many commercial market segments in the United States, including directors and officers (D&O) liability insurance, Fitch Ratings said on Monday. The credit ratings and research firm said in a press release

News InsuranceMergers and Aqcuisitions

Combined ratio improves 2.9 points for Canadian P&C insurers: MSA

December 1, 2015 by Canadian Underwriter

For the first nine months of 2015, underwriting income was nearly triple that of the same period in 2014, in the Canadian property & casualty insurance industry, MSA Research Inc. suggested in a recent report. Net premiums earned increased less

Sharon Ludlow, President, Aviva Insurance Company of Canada
Feature

Discovering Digital Innovation

December 1, 2015 Sharon Ludlow, President, Aviva Insurance Company of Canada

Can Canada’s property and casualty insurance industry shift into a higher digital gear before disruption sets in? Being open to digital change – whatever the source of those ideas – and understanding what customers want is critically important for a smooth transition to a new digital model.