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Aviva Canada

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Three insurers refuse deal to sell Canadian diamond mine for $166 million

October 13, 2020 The Canadian Press

CALGARY – A deal to sell the suspended Ekati Diamond Mine in the Northwest Territories for about $166 million has fallen through after bond issuers refused to go along with it. Owner Dominion Diamond Mines ULC says the offer by

News Earnings / RatingsInsuranceMarkets / CoveragesRisk

Aviva Canada’s approach to navigating the economic recession

August 7, 2020 by David Gambrill

Whether or not an economic recovery in Canada is just around the corner — speculation of which is fuelled by the developments in researching a COVID-19 vaccine — Aviva Canada is committed to sticking to its three-year financial targets established

News ClaimsEarnings / RatingsInsurance

COVID’s impact on Aviva’s first-half results

August 6, 2020 by David Gambrill

Aviva Canada overcame high claims costs related to pandemic losses and severe-weather catastrophe events in Alberta to trim its combined operating ratio (COR) down from 98.1% in the first half of 2019 to 95.5% during the first half of this

News BrokersInsurance

COVID-19: How Aviva Canada is conducting its business

March 20, 2020 by Adam Malik

Aviva Canada is ensuring that its efforts to keep employees safe will not impact service during the COVID-19 pandemic that is forcing companies from all industries to change the way they do business. The country’s second-largest carrier has 97% of

News Commercial LinesEarnings / RatingsInsurance

Aviva CEO’s take on what to expect in Canada’s condo lines

March 6, 2020 by David Gambrill

Look for rate increases in Canada’s commercial residential realty segment to continue apace in 2020, but perhaps taper off in 2021 and beyond, Aviva Canada’s president and CEO predicted Thursday. And as rates harden in condo lines, expect Aviva Canada

News Earnings / RatingsInsurance

Why Aviva Canada’s financial rebound gained momentum in 2019

March 5, 2020 by David Gambrill

Aviva Canada’s ongoing profit remediation plan — which took effect after disappointing results posted in 2017 — loomed large in the company’s improved financial results in 2019, the company reported Thursday. Aviva Canada’s operating profit increased to £191 million (approx.

News InsuranceRiskTechnology

Why near-misses may hold the key to improved road safety

February 6, 2020 by Jason Contant

A startup based in Winnipeg is using near-miss data from intersections in an attempt to proactively, rather than reactively, help reduce traffic fatalities. “Up until now, traffic engineers have focused on using historical crash data that involve a fatality to

News ClaimsInsurance

Aviva Canada’s quirkiest claims of 2019

December 23, 2019 by Jason Contant

In the last year, Aviva Canada has handled thousands of property and auto claims, including a few quirky and unusual ones. Here are some of the quirkiest: Chaotic kitchen kitties: Two home alone kittens accidentally turned on the kitchen faucet,

News BrokersInsuranceTechnology

Aviva’s approach to the small business portal experience

October 25, 2019 by Jason Contant

Brokers have long expressed concerns about digital portals, from been kicked out as they near the end of a submission to the amount of time it takes to log into each insurer’s portal. In Canadian Underwriter’s recently-released 2019 National Broker

News BrokersInsuranceTechnology

Where Aviva Canada stands on broker connectivity

October 8, 2019 by Jason Contant

How long will it be before brokers’ and insurers’ systems are able to connect efficiently? “This is still a two- to three-year journey for the industry to have really-slick, direct connectivity,” predicts Jason Storah, CEO of Aviva Canada. Storah spoke

News Commercial LinesInsurance

Aviva Canada CEO explains rationale for Global Corporate Specialty

October 7, 2019 by Jason Contant

Aviva Canada sees its new Global Corporate Specialty (GCS) business unit growing disproportionately to the rest of its business, Aviva Canada CEO Jason Storah told Canadian Underwriter Friday. “We’ve been in [the specialty business], but I think we’ve been in

News BrokersInsuranceMarkets / Coverages

Aviva Canada takes the plunge into cross-border business

September 4, 2019 by Adam Malik

With the introduction of its new Global Corporate and Specialty (GCS) team, Aviva Canada is setting its sights on Canadian companies doing cross-border business in the United States. The GCS team will offer coverage in five key areas: corporate risk,