Keyword
Insurance
CRU Adjusters teams up with Kespry’s industrial drone platform for adjusting property claims
July 13, 2017 by Canadian UnderwriterCRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more…
Maintaining wetlands could slash riverine flooding-related damage, local pilot project has national applicability: study
July 12, 2017 by Angela StelmakowichJust leaving current wetlands in their natural state could cause riverine flooding-related flood damage to plummet as much as 38% and should provide the impetus for communities to view natural infrastructure as a climate adaptation solution, notes a study from…
Global premiums up in 2016, growth lower but outlook still positive: Swiss Re
July 5, 2017 by Canadian UnderwriterThe 3.7% increase in global insurance premiums on the non-life side in 2016 was driven by expansion among the emerging countries and exceptional performance in China, although growth weakened in advanced economies, Swiss Re Institute suggests in its latest sigma…
Cyber-related disruption as business advantage developing in manufacturing sector: Verizon
June 30, 2017 by Angela StelmakowichManufacturing is witnessing a significant hike in internal cyber threat actors linked to nation state schemes to disrupt operations and allow chosen businesses to gain competitive advantage and market share, David Ostertag, global investigation manager for Verizon’s investigative response unit,…
Disruption spawns opportunities for middle market, but risk preparedness concerning: Capital One
June 28, 2017 DisruptionThere appears to be a divide between middle-market companies fully expecting that disruption will unfold and taking concrete steps to address whatever risk that change may bring, suggest findings of a new study from New York-based Capital One Commercial Bank.…
New Zealand proposes shaking up earthquake commission scheme to smooth claims resolution
June 27, 2017 by Canadian UnderwriterNew Zealand will continue to flesh out the details of proposed changes aimed at simplifying and improving the Earthquake Commission (EQC) scheme to help support more timely response to affected policyholders. Reforms to the Earthquake Commission Act seek to “simplify…
Majority of global financial institutions to ramp up transformation initiatives over next year, Accenture survey finds
June 26, 2017 by Canadian UnderwriterAn Accenture survey of nearly 800 financial services executives across Europe, Asia and North America found that more than half of financial institutions plan to increase their investments in major corporate transformation initiatives, or “change programs,” over the next 12…
AIR Worldwide releases probabilistic crop hail model for Canada
June 26, 2017 by Canadian UnderwriterAIR Worldwide has released what the catastrophe risk modelling firm calls the industry’s first crop hail model to provide stakeholders across the crop insurance value chain with a probabilistic view of the effects of hail on Canadian crops. Currently available…
U.S. company launches cloud for insurance, brings drone platform to p&c sector
June 22, 2017 by Canadian UnderwriterCalifornia-based Kespry is moving deeper into vertical markets with its formal entry into the insurance sector south of the border. The move follows extensive field tests and insurance-specific improvements designed together with customers and industry leaders, reports the aerial intelligence…
Cyclones Debbie, Cook in New Zealand combine to produce insured losses of NZ$84 million so far
June 19, 2017 by Canadian UnderwriterThe two cyclones that pounded New Zealand in April have spurred insured costs of NZ$84 million to date, setting the stage for what could become one of the most damaging year in recent years and leading to wrong-headed government actions…
Customer-Centred
June 13, 2017 Greg Meckbach, Associate EditorDoug Reevey, outgoing chair of the Automotive Industries Association of Canada and owner of a repair facility wants consumers to have a choice of where to send their telematics data.
More drone activity anticipated, safety-first approach essential: SCOR newsletter
June 9, 2017 by Canadian UnderwriterAn agile and flexible response by all parties is needed in light of the new and little-understood risks expected to emerge with the anticipated increase in drone activity over the next few years, SCOR experts write in a recent technical…