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Allied World launches product recall insurance products in North America

April 7, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings, AG announced Thursday that the company’s product recall insurance products will be available in Canada and the United States as part of its Global Crisis Management Division. The product recall insurance offers both first-party and

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Bleak outlook for energy insurers could lead to withdrawals from the market: Willis Towers Watson

April 5, 2016 by Canadian Underwriter

An oversupply of capital and falling demand from buyers, caused by cost-cutting in the wake of the oil price crash, is heaping pressure on insurers to the extent that they may eventually consider exiting the energy insurance market, or at

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Cyber insurance process becoming more rigorous for certain industry sectors, cyber risk conference hears

April 4, 2016 Jason Contant, Online Editor

The process to obtain cyber insurance may be more rigorous than it has been just a few years ago, even if it is a renewal, a speaker suggested last week at the 2016 International Cyber Risk Management Conference (ICRMC) in


Channel Surfing

April 1, 2016 Angela Stelmakowich, Editor

The look of the property and casualty insurance chain in Canada, as elsewhere, is undergoing an extreme makeover. Once well-defined channels, each with its specific task for helping to distribute products, are being transformed. To some customers, where they get insurance is not as important as when and how quickly. Do channels still matter? Is it all about the customer experience now? And what does this all mean for brokers?

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Who Pays for Recovery?

April 1, 2016 Clay Germain, President, Insurance Brokers Association of British Columbia

Canada can learn from the earthquake experience and loss elsewhere. Brokers in British Columbia are heartened by growing government support around prevention and recovery, but believe a shift from post-event disaster funding to securing funding sources before an event occurs will only help to further enhance resilience and reduce losses.

Feature Legislation / Regulation

Expanding Credit?

April 1, 2016 Angela Stelmakowich, Editor

The Ontario government has welcomed proposed changes it suggests will up the competitiveness of credit unions and caisses populaires in the province, while also helping to better serve individuals, communities and businesses. In recently accepting a report prepared by Laura

News InsuranceLegalLegislation / RegulationTechnology

Beazley’s data breach response insurance product now available in Canada

April 1, 2016 by Canadian Underwriter

Beazley announced Thursday it has launched its flagship breach response product in Canada, which protects the personal data of as many as five million individuals per breach. “Canada’s Digital Privacy Act, passed in 2015, will soon impose additional obligations on

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Insurance Decisions

March 22, 2016 Chris Dunn, partner; and Josiah MacQuarrie, associate, Dutton Brock LLP

A review of the ten most important insurance coverage cases of 2015

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Nudging Claimants

March 22, 2016 Craig Harris, Freelance Writer

The field of behavioural economics could have potential applications in insurance claims, fraud deterrence, injury management, driver safety and client service, some experts contend. Led by academics such as Richard Thaler, Cass Sunstein and Dan Ariely, behavioural economics holds that

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Future Thinkers

March 22, 2016 by

Adjusters ready to take on new claims environment. Change, it seems, is the only constant.

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Changing the Environment

March 22, 2016 Emily Atkins, Editor

Pieter Heydenrych is set to adjust environmental claims and move the social needle as well