Keyword
Underwriting
What insurers are doing to improve recruiting
August 23, 2022 Philip PoradoIt’s not your imagination, COVID-19 really did throw a wrench into the insurance industry’s ability to hire and retain talent, says a new Deloitte report on the state of Canada’s P&C industry. It found industry demand for people with the…
Court sides with Atradius in $5.94-million credit insurance dispute
April 28, 2022 by David GambrillOntario’s Superior Court upheld a $100,000 sublimit in an Atradius credit insurance policy dispute, in which the receiver for the bankrupt Eagle Travel Plaza, BDO Canada, claimed the full policy limit of $5.94 million. Before it went bankrupt in 2019,…
Forget data: The case for going with your gut instinct
June 8, 2021 by David GambrillData analysis may be held up as the gold standard for making sound business decisions. But a recent study suggests gut instinct — when backed up by simple decision aids — may actually be better in situations of high uncertainty.…
Tips on securing D&O coverage in a pandemic
June 7, 2021 by Adam MalikMired in a hard market, brokers need to give twice the typical amount of lead time these days when contacting underwriters to secure directors and officers (D&O) coverage for clients, according to a broker expert. The D&O market will remain…
Broker strategies for making it through the hard market
May 11, 2021 by David GambrillBrokers are currently caught between a pandemic and a hard market, with several insurers predicting that Canada’s hard market cycle in property and casualty insurance will last at least one or two more years beyond the end of the pandemic.…
What the future underwriter will look like
March 1, 2021 by David GambrillUnderwriters of the future are going to look a lot more like technology trailblazers, data pioneers, dealmakers, portfolio optimizers, and risk detectives, according to a new report by Deloitte. “To remain competitive, insurers should accelerate underwriting transformation,” Deloitte states in…
What brokers are asking of their underwriters
February 12, 2021 by David GambrillIn the midst of a hard market in several Canadian commercial insurance lines, several senior Canadian broker executives are urging underwriters not to substitute data and analytics entirely for their own good judgment about what constitutes a good or a…
How renewal delays are taking a toll on brokers
November 17, 2020 by Adam MalikInsurers are becoming more meticulous around what they deem to be a good risk and that extra scrutiny is giving brokers heavier workloads, broker leaders say, and it could force brokers to limit how much they take on. Interest rates…
What’s unique to this hardened real estate insurance market
September 17, 2020 by Adam MalikAt the same time insurers have a reduced appetite to take on real estate risks, real estate developers during a pandemic-induced economic recession have an aversion to investing a lot of money into risk-reduction measures. These twin dynamics are a…
Editor’s Note: Underwriting for the next pandemic
June 5, 2020 by David GambrillThe social and economic impact of the novel coronavirus pandemic in 2020 is truly horrifying, saddening, and staggering. Many of us have lost loved ones, or know people who are out of work because of the potentially lethal virus moving…
How easy is it for brokers to get terms in the cyber market?
February 27, 2020 by Jason ContantCapacity is still readily available to cover cyber risks, but more insurers are approaching the coverage cautiously, a speaker said Friday at NetDiligence’s Cyber Risk Summit in Toronto. In terms of procedure, clients’ applications for cyber coverage must clear more…
Buddies in Bad Times
June 4, 2019 Jeff BucksteinWhat makes a carrier a broker’s best friend forever? We asked brokers what tips the scales when they choose a carrier for their clients. Here’s what they told us….