Keyword
North America
Insurers that carry out a significant acquisition outperform their peers, with the strongest outperformance in North America: study
December 1, 2016 by Canadian UnderwriterInsurance firms that carry out a significant acquisition outperform their peers, with the strongest outperformance seen in North America, followed by Europe and Asia-Pacific, according to a new study. Based on analysis from Willis Towers Watson (WTW) and the University…
Global UBI market to reach US$123 billion by 2022, upsurge in demand expected from Canada and U.S.: report
November 23, 2016 by Canadian UnderwriterThe global usage-based insurance (UBI) market is expected to garner US$123 billion by 2022, growing at a compound annual growth rate of 36.4% from 2016 to 2022, according to a new report from Allied Market Research (AMR). According to the…
Worldwide shipments of 3D printers to grow 108% in 2016: Gartner
October 14, 2016 by Canadian UnderwriterWorldwide shipments of 3D printers will grow 108% in 2016 to reach 455,772 units, more than doubling the 219,168 units shipped in 2015, according to the latest forecast from Gartner, Inc. The Stamford, Conn.-based information technology research and advisory company…
XL Catlin enhances professional liability insurance policy form for design professionals
September 16, 2016 by Canadian UnderwriterAddressing the changing professional liability insurance needs of architects, engineers and other design professionals is at the heart of XL Catlin’s enhancements to its Design Professional insurance policy form. One rapid change in the design professional industry reflected in the…
Global drone market to reach US$4.2 billion by 2025, North America to lead with 1.4 million drones: report
August 15, 2016 by Canadian UnderwriterThe global commercial and military drone market will reach US$4.2 billion by 2025, with a compound annual growth rate of 9.2%, a new report has suggested. Research and Markets, a global market research store, released their 90-page Commercial and Military…
Chubb Limited’s net income for 2016 Q2 down 22.8% from 2015 Q2
July 28, 2016 by Canadian UnderwriterHigher natural catastrophe losses globally were among the factors contributing to Chubb Limited reporting US$726 million in net income for the three months ended June 30, 2016 compared to US$942 million for the prior-year quarter. Chubb’s net income was also…
North American businesses paid 2% less in 2015 than 2014 to cover total cost of risk: 2016 RIMS Benchmark Survey
April 1, 2016 by Canadian UnderwriterDue to declines in property and liability costs and overall risk management costs, North American businesses paid 2% less in 2015 than they did in 2014 to cover the total cost of risk (TCOR), according to the 2016 RIMS Benchmark…