Keyword
property and casualty insurance
U.S. P&C industry sustains favourable rating activity in H1 2017: A.M. Best
August 17, 2017 by Canadian UnderwriterCredit rating activity for the United States’ property and casualty industry in the first half of 2017 was favourable, with upgrades outpacing downgrades, A.M. Best Company reported on Thursday. Nearly one-third of the 2017 upgrades were driven by “increased parental…
Allianz Group’s Q2 2017 operating profit up 23% due to “improvements in all segments”
July 28, 2017 by Canadian UnderwriterAllianz Group has reported a 23% increase in operating profit for the second quarter of 2017 ending June 30 from 2.4 billion euros in Q2 2016 to 2.9 billion euros in the most recent quarter. Total revenues rose 2% to…
US$33 billion in 2016 global insurance M&A marks retreat from prior-year levels: Conning
May 15, 2017 by Canadian UnderwriterGlobal insurance mergers and acquisitions (M&A) activity slowed across all sectors in 2016, according to a new study from global investment management firm Conning. The Conning study, 2017: Global Insurer Mergers & Acquisitions in 2016 – Activity Slows, but Pressures…
Staying Power
March 1, 2017 Greg Williams, Senior Director, Property/Casualty Ratings Division, A.M. Best Group, Inc.Ongoing challenges have not forced Canada’s property and casualty industry from its position of strength, but that continued performance should not be viewed as a given. Ongoing and emerging threats demand that the market remains vigilant and beefs up enterprise risk management capabilities.
Homeward Bound
January 2, 2017 Daniel Shum, Partner and National Insurance Leader, DeloitteA recent survey of first-time homeowners indicates widespread frustration with insurers, including too many underwriting questions, lack of information in plain English and an inability to complete insurance transactions online.