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KPMG

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Why Ozzy Osbourne is a factor for actuaries to consider

December 10, 2018 by Greg Meckbach

Properly segmenting data within an “ocean” of information can make the difference between champ and chump, speakers suggested at KPMG’s recent insurance conference. “I think the biggest change that most people are grappling with is the amount of data that

News InsuranceTechnology

What could stop insurers from being ‘uberized’

December 7, 2018 by Greg Meckbach

Amazon and Google may disrupt the insurance industry some day, but don’t expect either of these firms to start underwriting, suggests the head of one of Canada’s largest property and casualty insurers. “The Googles and Amazons of this world might

News InsuranceRiskTechnology

The industry that’s shopping for cyber insurance

October 11, 2018 by Greg Meckbach

Brokers looking for new large cyber accounts might want to knock on doors of companies who look after other people’s money. More than half (55%) of Canadian asset managers surveyed said they intend to purchase insurance to protect themselves against

News BrokersMergers and Aqcuisitions

More commercial brokerage consolidation could follow Marsh-JLT combo

September 19, 2018 by Greg Meckbach

A US$6-billion merger between Marsh & McLennan Companies Inc. and Jardine Lloyd Thompson Group Plc could form the world’s largest commercial brokerage, and more mergers and acquisitions among commercial brokerages will likely to follow, a Canadian M&A expert suggests. Marsh

News InsuranceMergers and Aqcuisitions

M&A-lite: a new way to transform the business

July 4, 2018 by Greg Meckbach

Improving distribution and exploring sophisticated technologies such as artificial intelligence are among the major reasons why insurance CEOs are looking to make deals such as mergers and acquisitions these days. But some of these objectives can be accomplished through other,

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Leading Canadian insurers ‘looking at M&A intensely’

July 3, 2018 by Greg Meckbach

Brokers can expect to see a major carrier consolidation deal this year, assuming the prediction of a major mergers and acquisitions (M&A) advisory firm holds true. Of the top 10 Canadian P&C insurers, “it could be expected that a few

News Appointments

Former KPMG Canada insurance leader Parkinson elected to mortgage insurer board

June 12, 2018 by Greg Meckbach

Neil Parkinson, former national leader of KPMG Canada’s insurance industry practice, has been elected to the board of directors of Genworth MI Canada Inc., Genworth announced last Wednesday. Investors holding 99.61% of Genworth’s shares voted for Parkinson, Genworth reported in

News Technology

Google, Big 4 accounting firm dive into omnichannel insurance game

June 11, 2018 by Greg Meckbach

Google and KPMG LLP are targeting insurers with clients who want to communicate in a variety of ways – whether by phone, email, text message or even snail mail. KPMG recently announced Intelligent Interactions, available now, which KPMG is offering

News InsuranceLegislation / RegulationMarkets / Coverages

Why risk managers need to watch NAFTA

March 26, 2018 by Greg Meckbach

With Canadian companies facing the prospect of new tariffs for exports to the United States, the uncertainty over the North American Free Trade Agreement should be “front and centre” for risk managers, a KPMG expert told Canadian Underwriter Thursday. “You

News InsuranceMarkets / CoveragesTechnology

Five things for insurance professionals to watch for

November 28, 2017 Jason Contant, Online Editor

Five factors, outlined below, can make or break the state of the Canadian property and casualty (P&C) insurance, says Nazir Valani, partner and national leader with KPMG in Canada’s actuarial practice. He spoke Tuesday at KPMG’s Annual Insurance Conference in

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMarkets / CoveragesProductsReinsurance

Will nat cats increase product pricing in Canada?

November 28, 2017 Jason Contant, Online Editor

Increases in natural catastrophes and the price of reinsurance could also drive up the price of insurance products in Canada, the federal financial regulator said Tuesday. “Our concern is in the longer run, we’ll see increases in the price of

News Insurance

79% of U.S. insurance CEOs confident of growth prospects, 82% looking to disrupt: KPMG study

September 15, 2017 by Canadian Underwriter

The majority of insurance company CEOs in the United States – 79% – are confident about the growth prospects of their organizations over the next three years as they are looking to innovate processes and implement new technologies in response