Canadian Underwriter

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News CatastrophesInsurance

Cyber insurance market could increase to at least $7.5 billion by 2020, cyber resilient approach urged: PwC

September 16, 2015 by Canadian Underwriter

The global demand for cyber insurance presents a huge commercial opportunity for insurers and reinsurers – estimated to be at least US$7.5 billion by the end of the decade – but with that opportunity comes risks that could be potentially

News CatastrophesInsurance

Hannover Re anticipates rising demand in treaty renewals at Jan. 1, 2016

September 15, 2015 by Canadian Underwriter

Property and casualty reinsurance worldwide is seeing a reduction in the oversupply of reinsurance capacity compared to the previous year despite the continuing highly competitive environment, Hannover Re CEO Ulrich Wallin said Monday during a press conference in Monte Carlo.

News CatastrophesInsurance

AIR Worldwide, security risk firms collaborate on advanced cyber model

September 14, 2015 by Canadian Underwriter

AIR Worldwide will work with security risk and cyber data providers BitSight Technologies and Risk Based Security (RBS) to build an advanced cyber risk model. AIR Cyber Risk Model will seek to help the insurance industry better manage the evolving

News CatastrophesInsurance

Challenging market conditions continue to put pressure on reinsurance pricing: Guy Carpenter

September 14, 2015 by Canadian Underwriter

Abundant capacity, the influx of new capital and limited loss experience is keeping the pressure on reinsurance pricing, terms and conditions, Alex Moczarski, president and CEO of Guy Carpenter & Company, LLC and chairman of Marsh & McLennan Companies International,

News Insurance

Digital business leaders pulling ahead of the pack, digital businesses on the rise: Gartner

September 8, 2015 by Canadian Underwriter

New survey results from Gartner Inc. show a widening gap forming between organizations already undertaking digital business initiatives and those only in the planning stage, demonstrating a clear need to invest in digital business. Findings from the 2015 Digital Business

News Insurance

Advent Insurance Management launches operations in Canada

September 8, 2015 by Canadian Underwriter

United Kingdom-based Advent Insurance Management, which provides support services for delegated authority underwriting businesses, has established operations in Canada with its announcement Monday that it has entered into a joint venture agreement with Canadian Claims Services Inc. (CCS). As part