Keyword
Commercial Risk Management
Hurricane Joaquin intensifies as it tracks through Bahamas, insured losses could be limited: AIR Worldwide
October 2, 2015 by Canadian UnderwriterThe transforming Hurricane Joaquin slowly tracking through the Bahamas is reminiscent of Hurricane Irene four years ago, but the latest storm is affecting Bahamian islands where insurance up-take is low, which will help limit insured losses, suggests a statement issued…
Zurich appoints Paul Horgan as CEO of Global Corporate in North America
October 1, 2015 by Canadian UnderwriterZurich Insurance Group has appointed Paul Horgan CEO of Zurich’s Global Corporate in North America (GCiNA) business, effective immediately. Horgan, previously Head of Group Reinsurance, is now accountable for the direction, management and performance of GCiNA, a major business area…
Insurers must react to cyber, emerging risks: NICC speakers
October 1, 2015 Greg Meckbach, Associate EditorNICC MONTREAL – The insurance industry needs to be more responsive to emerging risks so carriers can remain relevant to policyholders, industry executives suggested Thursday at the National Insurance Conference of Canada. “The challenge for the industry is, how do…
Canadian economy to grow in Q3, Q4 and next year, predicts Swiss Re’s chief economist
October 1, 2015 Jason Contant, Online EditorCanada could see a “moderate” 3% economic growth in the third and fourth quarters of this year and 2% next year, Swiss Re’s chief economist suggested during a presentation at the National Insurance Conference of Canada (NICC) in downtown Montreal…
Effective web, e-commerce strategies number one trend affecting insurance industry: study
October 1, 2015 by Canadian UnderwriterMore than three-quarters of surveyed property and casualty (P&C) and life insurers identified the need to have effective web or e-commerce strategies as the number one trend affecting the industry, according to a joint study conducted by Gartner, Inc. and…
Surveyed Canadians not yet sold on UBI’s potential benefits: Allstate Canada
October 1, 2015 by Canadian UnderwriterThe potential benefits of usage-based insurance (UBI) – including safer driving behaviour – have long been touted, but survey results released Wednesday by Allstate Insurance Company of Canada show consumers have not necessarily bought into the value of a UBI…
Transportation Safety Board releases damage pictures from Air Canada crash landing in Halifax
October 1, 2015 The Canadian PressHALIFAX – New photos released by the Transportation Safety Board show damage to the passenger cabin of an Air Canada plane that crashed at Halifax’s airport during a heavy snowfall earlier this year. The photos are part of an update…
Getting Creative
October 1, 2015 Larry Chin, Canadian Cyber Business Solutions Consultant, BAE Systems Applied IntelligenceAwareness is growing among Canadian insurance companies that cyber risks are on the rise and associated costs can be high. But steps can be taken to creatively improve cyber defences that help guard against fraud and reputational harm.
Value in Safety
October 1, 2015 Mandip Hullait, Director, Commercial Insurance, Auto, RSA CanadaDriver safety management programs are essential for commercial fleets. Brokers, however, can play an important role in educating commercial clients about what risk management practices can keep drivers safe, avoid collision-related claims and allow business operations to continue running smoothly.
Eye in the Sky
October 1, 2015 Angela Stelmakowich, EditorThe drones are coming! The drones are coming! Okay, but will anyone know how to insure them once they get wherever they are going? Everyone needs to take a breather – although not a long one – so that when…
Something Special
October 1, 2015 David Huebel, Chief Executive Officer, Canada, XL CatlinSpecialty insurance markets are having a big impact on Canada’s biggest industries. For example, identifying how best to insure drones – use of which looks poised to take flight in a number of industries – is adding to the complex liability of already-complex Canadian industries.
Co-Dependant
October 1, 2015 Timothy Zimmerman, Senior Manager, Litigation Accounting and Valuation Services, Collins Barrow Toronto LLPWhen it comes to business interruption co-insurance, there are a number of common mistakes that insurance professionals make. A clear understanding of co-insurance, a complex component of business interruption losses, is key to avoiding miscalculations that can have a significant impact on a claim for both the insurer and the policyholder.