Keyword
Competition
Wider mandate for Ontario’s auto insurance regulator would be welcomed
January 19, 2017 by Angela StelmakowichA wide mandate for the body regulating Ontario’s auto insurance sector – one that promotes competition, innovation and responsiveness – would be welcomed, Karin Ots, senior vice president of regulatory and government relations for Aviva Canada, suggested Thursday during a…
Thinking outside the box key to keeping p&c industry relevant, responsive: Cook
January 12, 2017 by Angela StelmakowichThose in Canada’s property and casualty insurance industry must think outside the box and understand the importance of coupling new products with new delivery methods to meet ever-increasing and ever-changing customer expectations, Philip Cook, CEO of Omega Insurance Holdings Inc.,…
Swiss Re plans to expand R&D capabilities to efficiently allocate capital into growing risk pools
December 2, 2016 by Canadian UnderwriterSwiss Re’s stronger focus on and investment in research and development (R&D) to identify risk pools, as well as its move to further leverage technology, seeks to meet the twin goals of facilitating enhanced client support and creating competitive advantage.…
Unexpected threats should be a concern to SMEs in U.K.: RSA
December 2, 2016 by Canadian UnderwriterMore than a quarter of polled small and medium-sized enterprises (SMEs) in the United Kingdom reported being hit with an unexpected £50,000 bill would put them out of business, notes a new report released this week by RSA. And while…
Zurich Insurance announces plans to position itself for future, new profitability targets
November 17, 2016 by Canadian UnderwriterZurich Insurance Group plans to build on customer relationships, simplify the business and significantly reduce costs as part of its renewed focus on increasing business profitability and delivering high-quality earnings over the 2017-2019 period, the global insurer announced Thursday. “In…
Brokers are ‘not competition to each other,’ IBAO keynote speaker says
October 19, 2016 Greg Meckbach, Associate EditorInsurance brokers who compete against one another need to change their mindset and work with their competitors to address threats which could disrupt the industry, a speaker suggested Wednesday in Toronto. “If you all think each other are the competition,…
Persisting low interest rates, regulatory cost concerns expected to result in lower returns: U.S. insurers
July 15, 2016 by Canadian UnderwriterAbout three-quarters of polled insurers south of the border “have lowered their target return-on-equity expectations to 10% or lower,” notes a new special report released Thursday by A.M. Best. The lowered expectations are “a reflection of highly competitive market conditions…