Canadian Underwriter

Keyword
Underwriting

Data analytics
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Why you need to know the limits of your underwriting models

February 13, 2024 by Jason Contant

Vendors of underwriting models need to be transparent about the models’ limitations so underwriters and actuaries can understand where these limits could come into play, a speaker said last week at the CatIQ Connect conference in Toronto. Every single data

Training people for success
News Insurance

How firms are training tomorrow’s talent

January 8, 2024 Alyssa Di Sabatino

Intermediate and senior underwriting positions are opening up across the industry. That has firms looking for ways to cultivate junior underwriters into successive roles. The issue, though, is that learning curves can be steep for new hires. Up-and-coming underwriters are

Empty store shelves representing a labour shortage
News Insurance

Addressing a shortage of qualified commercial underwriters

November 28, 2023 Alyssa Di Sabatino

Nicholas Hudescu is a rarity in the insurance industry. The 23-year-old attended Wilfrid Laurier University, earning a Bachelor of Business Administration degree specializing in insurance and risk management. While there, he joined the student-run Laurier Insurance and Risk Association (LIRA)

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How this firm hires mostly 20-somethings

June 26, 2023 by Alyssa DiSabatino

While much of the P&C insurance industry is seeing large-scale attrition as industry veterans near retirement, one specialty underwriting firm has built a team comprised mostly of employees in their mid- to-late twenties.  For TruStar Underwriting, a specialty Managing General

A long haul truck driving in the sunset
News BrokersCommercial LinesMarkets / Coverages

The art of writing long-haul trucking

June 5, 2023 Phil Porado, managing editor

Long-haul trucking (LHT) insurance isn’t just for cargo and trailers — coverage must extend beyond the roadway. When underwriters consider long-haul trucking risks, they should examine broader business criteria such as a fleet’s age and size, vehicle class, the distance

A leap of faith into 2023 for insurers seeking improved profits
News BrokersCatastrophesEarnings / RatingsInsuranceReinsurance

Will Canada’s 2023 underwriting results track U.S. improvements?

April 19, 2023 Philip Porado

Canadian insurers, like their U.S. counterparts, may see some better underwriting results this year. In the U.S., property and casualty (P&C) insurance industry underwriting results are likely to improve during 2023, in response to significant premium increases in underperforming automobile

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News ClaimsInsuranceMarkets / CoveragesTechnology

Why 2022 was a good year for cyber insurers

February 21, 2023 by Jason Contant

Controls and underwriting actions that cyber insurers took over the course of 2020 and 2021 started paying off last year, a cybersecurity expert told Canadian Underwriter recently.  “I think the cyber insurance industry in general had a much better year

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News ClaimsEarnings / RatingsInsuranceMarkets / Coverages

Why 2022 industry results could be one for the record books

January 27, 2023 by Jason Contant

Historically good underwriting combined with historically bad investment results have made the Canadian P&C industry’s 2022 Q3 financial results unique, per the latest quarterly report from the Property and Casualty Insurance Compensation Corporation (PACICC). The decline in investment returns is

Discussing cyber insurance while using a laptop
News Commercial LinesInsuranceMarkets / CoveragesRiskTechnology

Is cyber insurance underwriting headed in the right direction?

November 29, 2022 by Jason Contant

New exclusions and strict requirements to obtain cyber insurance have dramatically improved the sophistication of underwriting processes, but one large consulting and advisory firm is questioning whether this is the right approach for the market to take. “[Chief information security

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News AdjustersBrokersEmploymentInsuranceProfessional DevelopmentRiskTechnology

What insurers are doing to improve recruiting

August 23, 2022 Philip Porado

It’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

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News ClaimsCommercial LinesInsuranceLegalMarkets / CoveragesRisk

Court sides with Atradius in $5.94-million credit insurance dispute

April 28, 2022 by David Gambrill

Ontario’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,

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Forget data: The case for going with your gut instinct

June 8, 2021 by David Gambrill

Data 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.