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News CatastrophesInsuranceTechnology

RMS launches app to model ‘cat-in-a-box’ deals

April 7, 2016 by Canadian Underwriter

Risk Management Solutions, Inc. (RMS) announced on Thursday that it has released the “first ever” app to model ‘cat-in-a-box’ deals. The cloud-based app extends the ability to independently assess and underwrite parametric contracts from a small group of cedant, brokers

News InsuranceMarkets / CoveragesTechnology

Aon to launch new global reinsurer trading platform

April 5, 2016 by Canadian Underwriter

Aon Benfield will launch its new global reinsurer trading platform Apr. 11, a move meant to enhance placements with real-time data when ABConnect Placements goes live for July 1 treaty placements, the global reinsurance intermediary and capital advisor of Aon

Feature Technology

Heart of the Brokerage

April 1, 2016 Renée Durepos, Senior Vice President, Keal Technology

Beyond brokers themselves, good and accurate data is the lifeblood of brokerages today. Data is vital to meeting customer needs both today and in the future, meaning that when a broker management system conversion is needed, protecting and maintaining the integrity of that information is essential.

Feature Mergers and Aqcuisitions

Things to Consider

April 1, 2016 Brian Rosenbaum, Senior Vice President, Financial Services Group,and National Director, Legal and Research Practice, Aon Reed Stenhouse Inc.

The Internet of Things brings with it both risks and rewards. But given the exclusions and wording issues in a number of policies, coupled with the paucity of judicial analysis, policyholders should not assume that coverage is available in the event of an IoT-related loss.

Feature CatastrophesInsurance

Who Pays for Recovery?

April 1, 2016 Clay Germain, President, Insurance Brokers Association of British Columbia

Canada can learn from the earthquake experience and loss elsewhere. Brokers in British Columbia are heartened by growing government support around prevention and recovery, but believe a shift from post-event disaster funding to securing funding sources before an event occurs will only help to further enhance resilience and reduce losses.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Technology playing ever larger role in U.S. specialty lines carriers’ ability to attract and retain clients: Novarica

March 30, 2016 by Canadian Underwriter

Specialty lines in the United States continue to be hypercompetitive, with technology playing an ever larger role in insurers’ ability to attract, retain and serve clients and brokers (agents) profitably, according to a new report from Novarica. The Business and

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

IBAO president anticipates ‘bright future for brokers who are willing to change’

March 29, 2016 Greg Meckbach, Associate Editor

The insurance industry may not be known for technological innovation, but there is a future for brokers who are willing to change, speakers said Tuesday during the annual general meeting of the Insurance Brokers of Toronto Region. “The only thing

News InsuranceMergers and Aqcuisitions

Travelers Canada ‘trying to figure out how best to proceed’ with telematics-based auto insurance

October 23, 2015 Greg Meckbach, Associate Editor

Travelers Canada is “very interested” in usage-based auto insurance using telematics, the company’s chief executive officer suggested Thursday, while Intact’s president said more than half of the new auto business it writes in Ontario comes with usage-based insurance (UBI). During