Keyword
Munich Re
Silicon Valley technology accelerator announces call for applications from insurance startups
June 16, 2016 by Canadian UnderwriterPlug and Play Tech Center, a Silicon Valley global technology accelerator and venture fund, announced on Thursday a call for applications from startups in its insurance platform. Plug and Play Insurance, which was launched in late April in partnership with…
90% of U.S. businesses experienced hacking incidents in the last year: HSB cyber study
May 18, 2016 by Canadian UnderwriterNine out of ten businesses in the United States have experienced at least one hacking incident in the past year, according to a survey released on Tuesday by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich…
Combined ratio improves 3.9 points, reinsurance pricing pressure ‘remains high’ at Munich Re
May 11, 2016 by Canadian UnderwriterMunich Re reported Tuesday a 3.9-point improvement in its combined ratio in property and casualty reinsurance, as the Munich-based insurer released about 250 million euros in reserves during the first three months of this year. The combined ratio in reinsurance…
Intact’s assessment of insured damages from Fort McMurray wildfire estimated at $1 to $1.20 per share
May 9, 2016 by Canadian UnderwriterIntact Financial Corporation’s (IFC) assessment of its insured damages from the Fort McMurray wildfire using satellite imagery and its exposure geocoding technology ranges from $1 to $1.20 per share, the insurer said on Monday. The assessment range, while early, is…
Silicon Valley startup accelerator launches new insurance innovation platform
May 1, 2016 by Canadian UnderwriterThe Plug and Play Tech Center, a Silicon Valley global technology accelerator and venture fund, announced that it has partnered with the world’s largest reinsurer – Munich Re – to create what it is calling the first ever accelerator program…
The Boiler Inspection and Insurance Company of Canada introduces coverage for invisible risks to microelectronics
April 27, 2016 by Canadian UnderwriterThe Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced on Wednesday the introduction of TechAdvantage – a product the company is calling the “first equipment breakdown insurance product covering undetectable physical damage to microelectronics.”…
Recent quakes a reminder of the importance of insurance options in U.S.: III
April 19, 2016 by Canadian UnderwriterMany states in the United States face risks from earthquakes, yet only about 10% of surveyed homeowners on the West Coast have purchased related coverage, reports the Insurance Information Institute (III). Recent earthquakes in Ecuador and Japan serve as a…
‘Fair amount of uncertainty’ of financial impact of Canadian earthquakes: OSFI deputy superintendent
April 14, 2016 Greg Meckbach, Associate EditorThe financial risk from an earthquake in Quebec is “a lot bigger than maybe people think,” a Munich Re Canada executive suggested Wednesday, while the head of Aon Benfield Canada suggested Canadians on the west coast “may be” underinsured for…
Beazley, Munich Re cover cyber risk up to $100 million
April 12, 2016 by Canadian UnderwriterBeazley plc announced Monday it has partnered with Munich Re’s corporate insurance partner to offer tailored cyber insurance. The products will provide coverage of up to US$100 million or 100 million euros, stated Beazley, which manages six syndicates in the…
Cyber incidents in mining a complex topic for risk managers, mining product development has not kept pace with needs: Munich Re
April 12, 2016 Angela Stelmakowich, EditorSAN DIEGO – It is important for risk managers in the mining sector to understand the most critical scenarios for their companies and to analyze the true impacts of cyber incidents, suggests Günter Becker, head of mining for Munich Re.…