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Launch into direct-to-consumer market expected soon, demutualization packages being mailed: Economical Insurance

May 4, 2016 by Canadian Underwriter

Economical Insurance’s “journey towards becoming a strong, Canadian, independent public company is now well under way,” a leg of which will include a strategic expansion into the direct-to-consumer market, president and CEO Karen Gavan said during the mutual’s Annual General

CSIO
insPRESS

CSIO adds New Forms Analyst to its Toronto team

April 12, 2016 CSIO

(Toronto) The Centre for Study of Insurance Operations (CSIO) is pleased to announce the appointment of Monica Hanna to the position of Forms Analyst in the Toronto office. Monica joins CSIO from Chubb Insurance, where she held the position of

News CatastrophesInsuranceTechnology

Canadian p&c insurers should prepare for next wave of corporate M&A: Ernst & Young

April 11, 2016 by Canadian Underwriter

Canadian property and casualty insurers should “expand risk advisory capabilities” and prepare for the “next wave” of corporate mergers and acquisitions, Ernst & Young LLP suggested in a report released Monday. In its 2016 EY Canadian property and casualty insurance

News InsuranceTechnology

New mobile app from Zurich released at 2016 RIMS to help companies assess, manage risk

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Zurich Insurance Group is unveiling a new mobile app this week at the 2016 RIMS Conference and Exhibition which the company reports will enable customers to perform their own on-site risk assessments and use those results to

News InsuranceMarkets / CoveragesTechnology

Aon to launch new global reinsurer trading platform

April 5, 2016 by Canadian Underwriter

Aon Benfield will launch its new global reinsurer trading platform Apr. 11, a move meant to enhance placements with real-time data when ABConnect Placements goes live for July 1 treaty placements, the global reinsurance intermediary and capital advisor of Aon

Feature

Channel Surfing

April 1, 2016 Angela Stelmakowich, Editor

The look of the property and casualty insurance chain in Canada, as elsewhere, is undergoing an extreme makeover. Once well-defined channels, each with its specific task for helping to distribute products, are being transformed. To some customers, where they get insurance is not as important as when and how quickly. Do channels still matter? Is it all about the customer experience now? And what does this all mean for brokers?

News CatastrophesClimate ChangeLegalMergers and AqcuisitionsTechnology

IBC, Tesera Systems announce transfer agreement for bureau’s Municipal Risk Assessment Tool

March 30, 2016 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has announced the intellectual property rights for its municipal risk assessment tool (MRAT) – a made-in-Canada solution to help communities be more resilient and adaptable to climate change – is being transferred to Tesera Systems

News AssociationsEarnings / RatingsInsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Cyber risk, interest rates, economy remain major concerns for insurers: A.M. Best

March 28, 2016 by Canadian Underwriter

Concerns regarding cyber risk, interest rates and the economy remain prominent among insurers, according to the latest quarterly survey from A.M. Best Company. The Best’s Special Report, released on Thursday, included several hundred responses, representing property and casualty (70.4%), life