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Global “M&A blizzard” has yet to peak: Towers Watson

June 18, 2015 by Canadian Underwriter

The global “M&A blizzard” continues and has yet to peak, according to the latest Quarterly Deal Performance Monitor from global professional services company Towers Watson. While the overall volume of mergers and acquisitions remains high in the second quarter of

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Many of the most effective sales and marketing technologies underutilized by insurance agencies: report

June 16, 2015 by Canadian Underwriter

Investment in sales and marketing technology tools among larger, more successful insurance agencies is likely to grow, compared to smaller agencies and those whose revenues are stagnant or shrinking, according to a joint study released on Tuesday by Velocify and

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Regulation, IT costs and macro-economic factors of biggest concern to global C-suite executives: Willis

June 15, 2015 by Canadian Underwriter

Regulatory pressures, rising costs from new technology and macro-economic factors are the three biggest risks weighing on the minds of senior C-suite executives in the global financial sector, according to new research by Willis Group Holdings, the global risk advisory,

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MPI requests no overall rate increase for 2016-2017 auto insurance year

June 15, 2015 by Canadian Underwriter

The head of Manitoba Public Insurance (MPI) says the decision not to request an overall rate increase – the twelfth time in 15 years – for the 2016-2017 insurance demonstrates rate stability and the strength of the public auto insurance

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U.S. financial services credit ratings resilient to cyber security for now: Standard & Poor’s

June 11, 2015 by Canadian Underwriter

Standard and Poor’s Rating Services has yet to downgrade a company’s rating because of damage resulting from a cyber attack, but the potential is there, suggests new commentary from the agency. “Although cyber attacks can result in losses and, depending

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New .insurance domain names expected later this year: McCarthy Tetrault

June 9, 2015 by Canadian Underwriter

Insurance-specific Internet domain names are anticipated to become available later this year, suggested a recent blog post from a partner and associate of law firm McCarthy Tetrault. The blog post on Saturday from partner Ana Badour from McCarthy Tetrault’s Toronto

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CSIO offers tips for insurance brokers wanting to improve Internet search engine results

June 8, 2015 by Canadian Underwriter

The Centre for Study of Insurance Operations announced Friday it has published educational material designed to help brokers improve the traffic to their websites from search engines such as Google. Toronto-based CSIO’s educational resources on search engine optimization (SEO) includes

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Global warming not on “hiatus,” new study suggests

June 5, 2015 by Canadian Underwriter

A new study published online Thursday in the journal Science finds that the rate of global warming during the last 15 years has been as fast as or faster than that seen during the latter half of the 20th century,

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Only one worldwide reinsurer had negative performance during Q1 2015: A.M. Best special report

June 1, 2015 by Canadian Underwriter

Of the 18 publicly traded worldwide reinsurers (including the four top European players), only one had negative performance during the first quarter of 2015 and only two performed worse than the overall market, ratings firm A.M. Best Company said in

Lorraine Thompson, Canadian Lead, Insurance Practice, Canada, Accenture
Feature Mergers and Aqcuisitions

Digital Transformation

June 1, 2015 Lorraine Thompson, Canadian Lead, Insurance Practice, Canada, Accenture

Digital technology is poised to transform the property and casualty insurance industry both here at home and abroad. Canadian carriers that take steps today to address trends will move from having a digital consumer strategy to having an overall business strategy that is digital.

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Average total cost of a data breach in Canada is $5.32 million: Ponemon Institute

May 28, 2015 by Canadian Underwriter

The average consolidated total cost of a data breach in Canada was $5.32 million, according to the first Canadian study of its kind from the Ponemon Institute in Traverse City, MI. Released on Wednesday, the inaugural 2015 Cost of Data

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Canadian commercial lines writers see improved combined ratio in Q1 2015

May 27, 2015 Jason Contant, Online Editor

The Canadian p&c insurance industry saw a combined ratio of 103.6% in Q1 2015, compared to 102.6% in Q1 2014, while commercial lines writers saw an improved combined ratio of 102.2% in Q1 2015 from 104.4% a year earlier, said