Canadian Underwriter

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Study

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Study links major floods in North America and Europe to “multi-decade ocean patterns,” says number of major floods has not increased overall

August 14, 2017 by Canadian Underwriter

The number of major floods in natural rivers across Europe and North America has not increased overall during the past 80 years, rather the occurrence of major flooding in these two continents often varies with North Atlantic Ocean temperature patterns.

News CatastrophesInsuranceMergers and Aqcuisitions

U.S. p&c industry’s reserve adequacy relatively stable in 2016, auto takes hit: Conning

August 10, 2017 by Canadian Underwriter

The reserve adequacy of the property and casualty industry south of the border was relatively stable last year, with 2016 marking the 11th consecutive year of favourable development from prior-accident years, Conning notes in a study issued this week. “The

News CatastrophesClimate ChangeConstructionLegislation / RegulationMergers and AqcuisitionsReinsurance

Maintaining wetlands could slash riverine flooding-related damage, local pilot project has national applicability: study

July 12, 2017 by Angela Stelmakowich

Just leaving current wetlands in their natural state could cause riverine flooding-related flood damage to plummet as much as 38% and should provide the impetus for communities to view natural infrastructure as a climate adaptation solution, notes a study from

News InsuranceTechnology

Some CEOs, enterprises missing the boat on mobile technology: SOTI study

July 7, 2017 by Canadian Underwriter

Efforts to manage mobile transformation continues to be a struggle for some interviewed enterprises, with almost a third reporting they are not investing in mobile technology, notes a new study released Thursday by SOTI Inc. Commissioned by SOTI and conducted

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Cat claims out West create stress for home insurers, proactive communications can bolster customer satisfaction: J.D. Power

June 6, 2017 by Canadian Underwriter

A spike in major claims resulting in record losses from catastrophic disasters across Canada over the last few years has created significant challenges for insurance carriers in 2017, a situation that has had an impact on customer satisfaction with the

News Technology

Hurdles to digital transformation remain, half of respondents have formal strategy: global survey

May 24, 2017 by Canadian Underwriter

Some things seem to persist, including how inflexible IT systems, organizational silos and security concerns continue to rear their heads as obstacles to global enterprises adopting formal strategies for digital transformation. So suggests the Enterprise Digital Transformation Strategies: Turning Disruption

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Failure to make supply chains Brexit-ready could cut key industries’ net profits an average of 30%

February 7, 2017 by Canadian Underwriter

U.K. companies waiting for a clearer sense of the future under Brexit is a risky supply chain strategy that could result in net profits across key industries plummeting an average of 30%, suggests a new study released Tuesday by Bain

News InsuranceMergers and Aqcuisitions

Drivers can take up to nearly 26 seconds to resume control from autonomous cars: UK study

January 26, 2017 by Canadian Underwriter

Drivers can take up almost 26 seconds to resume control from an autonomous vehicle, a new study from a university in United Kingdom has found. University of Southampton engineers Professor Neville Stanton and Alexander Eriksson found that under non-critical conditions,

News InsuranceMarkets / CoveragesMergers and AqcuisitionsReinsuranceTechnology

U.S. private cyber insurance market capable of managing most risks: study

December 17, 2016 by Canadian Underwriter

The private cyber insurance market in the United States is capable of managing most risks, according to a new policy study from Washington, D.C.-based think tank R Street Institute. Released on Thursday, the study from R Street senior fellow Ian

News InsuranceMergers and Aqcuisitions

Collisions claims continue to inch up overall: Allstate Canada study

November 30, 2016 by Canadian Underwriter

Auto collisions claims among Allstate Insurance Company of Canada customers in four provinces rose 1.7% over the previous study period, reflecting increases in some jurisdictions and decreases in others. Results of the eighth annual Allstate Canada Safe Driving Study show

News InsuranceLegalMergers and AqcuisitionsTechnology

SMEs’ cyber risk awareness on the rise: Zurich study

November 23, 2016 by Canadian Underwriter

Cyber risk awareness among small- and medium-sized enterprises (SMEs) is on the rise, according to Zurich Insurance Group’s fourth annual global SME survey. The survey found that just 10% of SMEs said that they were too small to be at

News InsuranceMergers and AqcuisitionsTechnology

Nearly seven in 10 Canadian drivers using winter tires: study

November 17, 2016 by Canadian Underwriter

Nearly seven in 10 Canadian drivers are adopting the use of winter tires, according to a new survey by Leger for the Tire and Rubber Association of Canada (TRAC). Outside of Quebec, where use of winter tires is the law, 68% of Canadian