Canadian Underwriter

Keyword
Insurance

Photos Associations

WICC Ontario Learning Breakfast for Cancer, November 7, 2017

November 7, 2017 by Canadian Underwriter

The 20th annual WICC Ontario Learning Breakfast for Cancer took place November 7 at Toronto’s historic Fairmont Royal York. Attended by more than 400 insurance professionals, the event featured a moving keynote by Dr. Michael Taylor, pediatric neuro-oncologist at the

News ClaimsInsuranceTechnology

Insurer exploration of artificial intelligence accelerating: InsurTechTO speaker

November 7, 2017 by Angela Stelmakowich

It is still “early days” for most insurers in Canada when it comes to employing artificial intelligence (AI), but exploration and use of the techniques is accelerating very quickly, Greg McCutcheon suggested Monday during InsurTechTO in downtown Toronto. “I would

News AnnouncementsClaimsInsuranceTechnology

Allianz trials blockchain prototype for the captive insurance market

November 7, 2017 by Canadian Underwriter

International insurance transactions can be significantly accelerated and simplified, suggests a trial by Allianz Global Corporate & Specialty (AGCS) involving the successful implementation of a blockchain prototype for the captive insurance market. “We are currently seeing many blockchain applications in

News AnnouncementsAssociationsInsuranceMergers and Aqcuisitions

Archway Insurance joins forces with Jack & Co. Ltd.

November 2, 2017 by Canadian Underwriter

Atlantic Canada’s Archway Insurance is joining forces with Halifax-based Jack & Co. Ltd. and its affiliate, AFC Insurance Services of Cole Harbour, in a move meant to enhance the capabilities and extend the reach for both entities. The intent of

News AnnouncementsCatastrophesClaimsEarnings / RatingsInsuranceReinsurance

Cats a significant driver in Everest Re Group’s posting US$639.4 million net loss in 2017 Q3

October 31, 2017 by Canadian Underwriter

Losses from hurricanes Harvey, Irma, Maria (HIM) and the Mexico City earthquake contributed to Everest Re Group, Ltd. posting a US$639.4 million net loss for 2017 Q3 compared to net income of US$295.4 million for the prior-year quarter. For the

News CatastrophesClaimsEarnings / RatingsInsuranceReinsurance

Hurricanes expected to deliver 1.4 billion euro hit to Munich Re in third quarter, total tally estimated at 2.7 billion euros

October 26, 2017 by Canadian Underwriter

Exceptional major-loss expenditure related to hurricanes Harvey, Irma and Maria (HIM) are expected to result in Munich Re posting a loss of 1.4 billion euros in 2017 Q3, reducing the (re)insurer’s previously anticipated full-year profit. Emphasizing that current estimates “are

News AnnouncementsInsuranceTechnology

JLT Canada, Certisync look to overhaul tenant insurance processes, maximize portfolio insurance strategies.

October 25, 2017 by Canadian Underwriter

Jardine Lloyd Thompson Canada Inc. and Certisync International have teamed up as part of a joint venture to help property managers and administrators in Canada and revolutionize how the industry regulates tenant insurance processes. Aimed at giving property managers greater

News InsuranceMarkets / CoveragesTechnology

Burns & Wilcox Canada, Node International enter exclusive agreement for cyber liability insurance

October 24, 2017 by Canadian Underwriter

Burns & Wilcox Canada has entered into an exclusive agreement with Node International to distribute comprehensive cyber liability insurance, a move the former characterizes as “fusing cyber security tactics and insurance like never before.” The agreement means the managing general

News AssociationsCatastrophesInsurance

Understanding of quake protective measures, insurance coverage faulty in Quebec: survey

October 19, 2017 by Canadian Underwriter

The lion’s share of polled Quebecers remain unprepared for an earthquake, with a mere 8% of respondents understanding the immediate protective measures that should be taken in the event of a quake, Insurance Bureau of Canada (IBC) reports. The concerning

News AnnouncementsInsuranceProductsTechnology

Aite Group introduces vendor evaluation framework, p&c insurance transforming

October 18, 2017 by Angela Stelmakowich

Aite Group has introduced a proprietary vendor evaluation framework that the global research and advisory firm reports will serve as an actionable guide for market participants looking for viable third-party vendor solutions and services. “I think the biggest problem for

News AnnouncementsClaimsInsuranceProducts

Frank Cowan Company offering new suite of products for terrorism coverage

October 17, 2017 by Canadian Underwriter

Now available from Frank Cowan Company is a new suite of products designed to help municipalities and public services organizations address the terrorism risk they face and transfer some of that risk via the insurance product. Partnering with XL Catlin

News AnnouncementsAppointmentsInsuranceMergers and AqcuisitionsTechnology

Octo Telematics to acquire Willis Towers Watson’s UBI assets; firms to partner on insurance-related products

October 12, 2017 by Canadian Underwriter

Octo Telematics and Willis Towers Watson (WTW) have reached an agreement in which the former will acquire the latter’s usage-based insurance (UBI) assets, setting the stage for the two companies to work together on more auto telematics opportunities. Leveraging Octo’s