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News AssociationsCatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Canada becoming less attractive option for investors: Cook

January 11, 2017 by Angela Stelmakowich

Anticipated less-than-stellar financial results for Canada’s property and casualty industry in 2016 will likely contribute to the market becoming less attractive to investors and absent significant improvement, it is unlikely the current level of capital will remain in the country,

News InsuranceMarkets / CoveragesTechnology

Seven of 10 global consumers would welcome robo-advice for banking, insurance and retirement services: Accenture

January 11, 2017 by Canadian Underwriter

Seven in 10 consumers around the world would welcome robo-advisory services – computer-generated advice and services that are independent of a human advisor – for their insurance, banking and retirement planning, according to a new report by Accenture. The 2017

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

2016 Q4 preliminary loss estimate for natural catastrophes US$245 million: XL Group

January 10, 2017 by Canadian Underwriter

XL Group Ltd.’s insurance and reinsurance segments are almost evenly split with regard to accounting for the company’s approximately US$245 million, natural catastrophe net loss estimate for the fourth quarter of 2016. The preliminary loss estimate “is pre-tax and net

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

X by 2 enters Canadian market with formal subsidiary, office

January 9, 2017 by Canadian Underwriter

Technology consultancy X by 2 has expanded its footprint by taking its first-ever step into Canada, a move meant to beef up service to its growing client base in the Canadian insurance market. Focused on the practice of architecture for

News CatastrophesEarnings / RatingsInsuranceLegalLegislation / RegulationTechnology

Increased cyber espionage, data integrity attacks part of global threat landscape in 2017: Stroz Friedberg

January 5, 2017 by Canadian Underwriter

Top cyber threats in the coming year include nation state cyber espionage, a rise in data integrity attacks and more attacks harnessing Internet of Things (IoT) devices, Stroz Friedberg, an Aon company, notes in its 2017 Cybersecurity Predictions report. “We

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Record new Cat bond, ILS issuance in 2016 spurs highest-ever outstanding market size: Artemis.bm

January 3, 2017 by Canadian Underwriter

Catastrophe bonds and similarly structured insurance-linked securities (ILS) deals in 2016 propelled the market to record levels, with the approximately US$7 billion in new issuance resulting in an outstanding market size of US$26.82 billion at year-end, notes the latest edition

News InsuranceLegalMergers and Aqcuisitions

Archway Insurance purchases D.R. Hayman Insurance

January 3, 2017 by Canadian Underwriter

Archway Insurance has enhanced its presence in Nova Scotia generally and in Pictou County specifically with the recent acquisition of Stellarton-based D.R. Hayman Insurance. The acquisition, effective Dec. 31, 2016, represents the entry of Archway Insurance – one of Atlantic

Feature Professional Development

Career Mapping

January 2, 2017 Peter Hohman, President and Chief Executive Officer, Insurance Institute of Canada

Survey data indicates that more than three in four employees think there are good opportunities in the property and casualty industry, but more than one in four p&c professionals who left their jobs went into a different industry.

Feature CatastrophesInsuranceReinsurance

Beyond Fort Mac

January 1, 2017 Tom Johansmeyer, Assistant Vice President, PCS Strategy and Development; and Ted Gregory, Director of PCS Operations, Verisk Insurance Solutions

Property Claim Services Canada has designated nine catastrophe events in Canada in 2016. Though most of the $4.9 billion insured loss arose from the Alberta wildfires, the data indicates hail and thunderstorms events are becoming more severe.

News CatastrophesClimate ChangeInsuranceTechnology

Insurance undergoing “a fundamental structural change”: KPMG speaker

December 8, 2016 by Angela Stelmakowich

The insurance industry is undergoing structural change with the emergence of platform-based business models and insurers need to ready themselves to be able to take part, Matthew Smith, insurance co-lead for the Global Strategy Group at KPMG, suggested during the

Feature Claims CanadaInsurance

Message from the President

December 8, 2016 Heather Matthews, President, Canadian Independent Adjusters' Association

Message from the president of the Canadian Independent Adjusters’ Association

News InsuranceMarkets / Coverages

U.S. insurance broker profitability to persist in 2017, be supplemented by organic revenue growth: Fitch

December 2, 2016 by Canadian Underwriter

Fitch Ratings expects insurance broker earnings and revenue south of the border to likely to modestly improve in 2017 compared to the first nine months of 2016. “In 2017, Fitch expects brokers will continue to supplement organic revenue growth through