Canadian Underwriter

Keyword
P&C

Technicians setting up a quantum computer
News InsuranceTechnology

Could quantum computing destabilize Canada’s P&C sector?

March 22, 2024 Jason Contant

Quantum computing holds promise for dozens of industries, including property and casualty (P&C) insurance. But there are also downsides to the technology. For one, quantum computers are not yet that stable and must operate in extremely controlled environments. It’s not

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

TechCanary makes available enhanced insurance platform for Canadian market

July 26, 2017 by Canadian Underwriter

U.S.-based TechCanary has enhanced its insurance platform for the Canadian market to allow brokers and insurers access to additional Canada-specific capabilities around p&c lines of business meant to help them to deliver more responsive and predictive offerings to customers. TechCanary

News CatastrophesClimate ChangeEarnings / RatingsMergers and AqcuisitionsReinsurance

Hannover Re Group net income down 2.4% to 264.8 million euros in 2017 Q1 compared to 2016 Q1

May 10, 2017 by Canadian Underwriter

Group net income for Hannover Re contracted to 264.8 million euros in the first quarter of 2017, but was in line with the prior-year quarter’s exceptionally good results, positioning the reinsurer well for achieving its financial targets this year. Group

Feature InsuranceMarkets / Coverages

In Touch

December 1, 2016 Canadian Underwriter

Technology is today’s shiny new thing in the property and casualty insurance industry. Unlike many passing fancies, though, technology offers great promise for enhancing efficiencies, identifying risks and cutting costs. Still, insurers need to guard against becoming distracted and straying from what needs to be their ultimate focus: improving customer experience.

News InsuranceMergers and AqcuisitionsProfessional Development

Burns Demeyere & Associates to join McFarlan Rowlands Insurance Brokers in 2017

November 29, 2016 by Canadian Underwriter

Burns Demeyere & Associates (BDA), a Tillsonburg, Ont.-based brokerage with a history dating back about 125 years, will join McFarlan Rowlands Insurance Brokers at the beginning of 2017. McFarlan Rowlands – which also has established roots in its community and

News CatastrophesClimate ChangeEarnings / RatingsMergers and Aqcuisitions

Nat-cats contribute to decrease in net income at SCOR for first three quarters of 2016 compared to prior-year period

October 27, 2016 by Canadian Underwriter

The Group net income for SCOR for the first nine months of 2016 took a hit, partly as a result of the impact of natural catastrophes, falling 11.0% to 438 million euros compared to 492 million euros for the first

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Insurers have untapped opportunity to transform into solutions providers, not just sellers: consumers

September 20, 2016 by Canadian Underwriter

Almost three-quarters of consumers taking part in a Bain & Company Inc. survey say they would value a platform for providing services well beyond insurance coverage, opening the door for insurers to transform themselves from just sellers into solutions providers.

News Earnings / RatingsInsuranceMergers and Aqcuisitions

U.S. private p&c insurers’ net income falls 26.6% in Q1 2016, combined ratio up 1.8%: Verisk

July 14, 2016 by Canadian Underwriter

Private property and casualty insurers in the United States saw their net income after taxes fall to US$13.3 billion in first-quarter of 2016 from US$18.1 billion in first-quarter 2015, a 26.6% decline, according to data from ISO, a Verisk Analytics

News Earnings / RatingsInsuranceMergers and Aqcuisitions

U.S. P&C loss reserves weaken, but some redundancy remains: Conning

May 19, 2016 by Canadian Underwriter

The United States property and casualty industry’s reserve releases and overall loss reserve position are diminishing, but reserves still show some redundancy, according to a new study by Conning, Inc. “The property-casualty industry’s reserve adequacy remains stable in spite of

News InsuranceProfessional DevelopmentTechnology

Big data and analytics, cloud computing, mobility solutions and tech start-up firms driving U.S. insurance IT spending market

May 19, 2016 by Canadian Underwriter

Big data and analytics, cloud computing, mobility solutions and tech start-up firms are among the emerging trends driving the insurance IT spending market in the United States, according to global technology research and advisory company Technavio. Technavio’s report on the

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. commercial auto insurance “a chronic underperformer”: Fitch Ratings

April 28, 2016 by Canadian Underwriter

Commercial auto insurance in the United States has evolved into a “chronically underperforming product segment” for P&C insurers in the country, according to Fitch Ratings. While the P&C industry has reported three consecutive years of significant underwriting profits, the commercial

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

XL Group combined ratio up 3.6 points in Q1 2016

April 28, 2016 by Canadian Underwriter

XL Group plc has reported a P&C combined ratio of 92.5% for the first quarter of 2016 ending March 31, up from 88.9% in the prior-year quarter. Dublin, Ireland-based XL Group released its financial results on Wednesday, noting that the P&C