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France
Desjardins Group and the Desjardins Group Pension Plan invest more than $1 billion in renewable energy and clean technologies
April 24, 2017 by Canadian UnderwriterDesjardins Group and the Desjardins Group Pension Plan (DGPP) announced on Friday that they have invested more than $1 billion in renewable energy and clean technologies. The financing came from Desjardins Group’s Capital Market Division and equity investments from the…
Optimum General obtains CSIO certification for commercial lines eDocs
April 20, 2017 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) has announced that Optimum General Inc. has obtained CSIO certification for commercial lines eDocs. Optimum is now CSIO eDocs-certified for both of its lines of business, as the company obtained certification for…
Consumers starting to expect zero friction, omni-channel offering key: CIAA event speakers
April 18, 2017 by Angela StelmakowichInsurance is among the services that must offer an omni-channel experience if it expects to address the expectations of consumers as the complexity of their demands shift, Duncan Stewart, director of technology, media and telecommunications research for Deloitte Canada, suggested…
PERILS discloses second property loss estimate of 234 million euros for extratropical cyclone Egon
April 12, 2017 by Canadian UnderwriterPERILS AG has disclosed its second loss estimate of 234 million euros for extratropical cyclone Egon, which affected France and Germany on Jan. 12 and 13 of this year. The cold front associated with Egon resulted in heavy rain and…
Southern U.S. crop losses from March storm could exceed $1 billion: Aon
April 7, 2017 by Canadian UnderwriterA weather system that brought sub-freezing temperatures to South Carolina and Georgia, as well as heavy rains in Peru were among the catastrophes with economic losses exceeding $1 billion in March, Aon plc’s Impact Forecasting unit reported Friday in its…
Difficult year for Canada’s p&c insurance industry: IBC’s McGown
April 4, 2017 by Angela StelmakowichThe Fort McMurray wildfire and other large weather events combined with the lowest return on investment (ROI) in decades to produce a very difficult year for Canada’s p&c insurance industry in 2016, David McGown, senior vice president of strategic initiatives…
Artificial intelligence and Internet of Things accounted for nearly half of insurtech funding globally in 2016: Accenture
March 31, 2017 by Canadian UnderwriterArtificial intelligence (AI) and the Internet of Things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, according to new research from global professional services company Accenture. The research, which includes new analysis of…
Global market for autonomous, assistive safety and comfort vehicle features up to US$26 billion annually by 2025: Bain & Company
March 7, 2017 by Canadian UnderwriterAutonomous vehicles are revving up, with Bain & Company Inc. forecasting annual growth of 12% to 14% for the global market of autonomous and assistive safety and comfort features by 2025. That translates to a global B2B market of US$22…
PERILS puts initial loss estimate for extra-tropical cyclone Egon at 212 million euros
February 23, 2017 by Canadian UnderwriterPERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has put the initial loss estimate for extra-tropical cyclone Egon at 212 million euros. The low pressure system associated with Egon developed as a secondary low from a large…
Beazley expanding presence in Canada with acquisition of Creechurch Underwriters
February 6, 2017 by Canadian UnderwriterLondon-based Beazley announced Monday it is expanding its presence in Canada with the acquisition of specialist managing general agent (MGA) Creechurch Underwriters, and has plans to enhance existing covers and launch new products. Creechurch Underwriter’s current team, led by its…
One in three cyberattacks in the past year resulted in a security breach for Canadian companies, new Accenture survey finds
January 11, 2017 by Canadian UnderwriterRoughly one in three targeted cyberattacks over the past year resulted in an actual security breach for Canadian companies, according to a new survey from global professional services company Accenture. Despite these breaches – which equate to three effective attacks…
Terrorists following ‘path of least resistance’ as security increased: RMS
December 20, 2016 by Canadian UnderwriterMore attacks from drivers ramming trucks into crowds can be expected, Risk Management Solutions (RMS) Inc. warned Tuesday, a day after 12 people were killed in Berlin. “As security is increased to meet one threat, terrorists follow the path of…