Keyword
Commercial Risk Management
90% of polled enterprises in U.S. to increase, maintain annual spend on cloud computing in 2016
February 16, 2016 by Canadian UnderwriterA new survey out of the United States identifies a cloud computing spending pattern – 90% of respondents say their companies plan to increase or maintain related budgets – that signals a growth opportunity for providers. Cloud service providers are…
App aims to create “worldwide seismic detection network”
February 12, 2016 by Canadian UnderwriterScientists at the University of California (UC) Berkeley released on Friday a free Android app that taps into a smartphone’s ability to record ground shaking from an earthquake, with the goal of “creating a worldwide seismic detection network that could…
North American energy ministers sign MOU on climate change and energy collaboration
February 12, 2016 by Canadian UnderwriterEnergy leaders from Canada, Mexico and the United States have signed a memorandum of understanding (MOU) on climate change and energy collaboration following the North American Energy Ministers Meeting on Friday. The North American Cooperation on Energy Information (NACEI) MOU…
Combined ratio up 10.2 points at American International Group
February 12, 2016 by Canadian UnderwriterAmerican International Group Inc. reported Thursday its catastrophe-related losses in commercial property & casualty dropped 3% from 2014 to 2015 but the loss ratio deteriorated by 14.6 points after the New York City-based firm strengthened its loss reserves in long-tail…
IT professionals in the United States overconfident in cyberattack detection: study
February 12, 2016 by Canadian UnderwriterIT professionals in the United States are overconfident in their ability to detect cyberattacks, according to a study released on Thursday by Portland, Ore.-based Tripwire, Inc., a global provider of endpoint detection and response, security and compliance solutions. Respondents to…
Nearly two-thirds of Canadians say Uber should have same regulations as taxi industry: Angus Reid survey
February 12, 2016 by Canadian UnderwriterNearly two-thirds (63%) of surveyed Canadians say that Uber should be subjected to the same regulations as the taxi industry, while only one in six (17%) would ban it in their city, according to a public opinion poll conducted by…
Disasters in 2015, the hottest year on record, demonstrate need to adapt to climate change: UNISDR
February 12, 2016 by Canadian UnderwriterWeather and climate-related disasters now dominate disaster trends linked to natural hazards, suggests a new analysis issued this week by the United Nations Office for Disaster Risk Reduction (UNISDR). The finding, UNISDR reports in a statement, is confirmed by events…
Zurich aims to ‘better account’ for interconnectivity of risks in general insurance
February 11, 2016 by Canadian UnderwriterZurich Insurance Group reported a combined ratio of 103.6% in general insurance in 2015, up 6.8-points from 96.8% 2014, and while part of that was due to an explosion in a Chinese port last summer, the insurer said its results…
Taiwan earthquake death toll rises to 59; 76 still missing
February 11, 2016 by Canadian UnderwriterTAINAN, Taiwan – The death toll from a weekend earthquake in Taiwan rose to 59 on Thursday, with 76 people still missing and presumed trapped under the rubble of a collapsed residential building, the Ministry of Interior said. The 16-storey…
Allied World launches suite of trade credit and political risk insurance products in Canada
February 11, 2016 by Canadian UnderwriterZug, Switzerland-based Allied World Assurance Company Holdings, AG announced on Thursday that its suite of trade credit and political risk insurance products are now available in Canada, as part of the Global Crisis Management Division (GCMD). The coverage helps clients…
Insurers must be included in “policy architecture of sustainable development”: former U.N. Assistant Secretary-General on Climate Change
February 11, 2016 by Canadian UnderwriterThe former United Nations Assistant Secretary-General on Climate Change said on Wednesday that insurers must be included in the “policy architecture of sustainable development.” Janos Pasztor was interviewed about his assessment of the role of the insurance sector – specifically…
Combined ratio improves five points for Markel
February 11, 2016 by Canadian UnderwriterCommercial insurer Markel Corp. experienced a five-point drop in its combined ratio in 2015, while earned premiums were essentially unchanged from 2014. Glen Allen, Va.-based Markel released Wednesday its financial results for the last three months and full year of…