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Executive Outlook 2020 | Martin Thompson, RSA

December 27, 2019 by David Gambrill

Martin Thompson, President, CEO, RSA Canada Disciplined underwriting is the anchor that the P&C industry needs right now. The insurance industry is currently experiencing some pain. Investment returns have been following a general downtrend over the last two decades, from

News Insurance

Alberta strikes panel to review auto insurance, won’t bring back rate cap

December 27, 2019 Dean Bennett – THE CANADIAN PRESS

Alberta is reviewing auto insurance in the province to ensure that the industry can remain viable and drivers can get affordable coverage. Finance Minister Travis Toews says Albertans are paying some of the highest rates in Canada but are having

News ClaimsInsurance

Which policies does Santa need?

December 23, 2019 by Jason Contant

Businesses large and small need all types of insurance coverage, and Santa’s elf workshop is no exception. Below are some of Santa’s top North Pole policies (condensed from a recent infographic from specialist insurer CFC Underwriting): Kidnap & ransom –

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‘It’s triage now’: Cottage Country brokers deal with flood fallout

May 6, 2019 by Adam Malik

Brokers in Ontario’s Muskoka region are calling the recent flooding event the worst disaster they’ve ever seen. Both Stephen Darling, president at A.W. Shiers Insurance Brokers, and Adam Caswell, owner of Hutcheson Reynolds & Caswell, said damage is greater and

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Insurers object to characterization of Ontario auto as “profitable”

April 9, 2019 by David Gambrill

Canada’s home, auto and business insurers are objecting to a recent characterization of Ontario’s auto insurance regime as “profitable.” “The current trends are unsustainable for both drivers and insurance companies,” Insurance Bureau of Canada vice president of Ontario Kim Donaldson

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Restoration Myth-Busting – Three-day drying Part 2

July 11, 2018 Kris Rzesnoski, vice-president, business development, Encircle

In the last article we talked about three-day drying as a myth that is not supported by the restoration industry. We also discussed the change in science from the 2000s to today and how it has opened insurers to expanded

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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

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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

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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

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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

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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