Keyword
Underwriting
More political risk reductions than increases on Aon’s 2016 emerging markets map
March 9, 2016 by Canadian UnderwriterFor the first time in the last three years, more countries on the Aon Political Risk Map 2016 for emerging markets show political risk reductions than increases, although continued low oil prices is exacerbating political risk in already-fragile states. “Anti-corruption…
Markel Canada cyber coverage includes network interruption
March 8, 2016 by Canadian UnderwriterMarkel Insurance Company of Canada recently announced a cyber risk product that includes a cyber risk help line provided by NetDiligence and access to the response team at law firm Fasken Martineau. Markel stated March 2 that its new cyber…
Distress, divestments to dominate mining deals in 2016 after Canadian transactions hit 10-year low
March 8, 2016 by Canadian UnderwriterFinancial stress among Canadian mining and metals companies drove transactions to a decade-long low in 2015 and that environment is expected to shape the sector’s merger and acquisition (M&A) activity in 2016, Ernst & Young suggests in a recent report.…
Underwriting drives U.S. regional P&C insurer returns: Fitch
March 7, 2016 by Canadian UnderwriterPricing improvements over several years in underwriting portfolios have propelled returns for regional property and casualty insurers in the United States, credit ratings and research company Fitch Ratings said on Friday. The ability to implement further pricing actions in a…
Cloud security both a benefit, cause for concern: U.S. survey
March 4, 2016 by Canadian UnderwriterSurveyed enterprises in the United States suggest that security of the cloud infrastructure figures prominently as both a benefit and a challenge, suggests a new poll conducted by B2B research firm Clutch. Medium and large enterprises appear to have mixed…
U.S. P&C insurers see value in predictive analytics: Willis Towers Watson survey
March 3, 2016 by Canadian UnderwriterMore than four in five property and casualty insurers in the United States that have already implemented predictive models have recognized a positive impact on their carrier’s profitability, according to a survey released by Willis Towers Watson. The 2015 Predictive…
Carriers with saturated lines, digital-based players expected suitors for U.S. small commercial insurance market: McKinsey
March 3, 2016 by Canadian UnderwriterRepresenting one of the few bright spots in the U.S. property and casualty market growth over recent years, small commercial insurance has become the focus of intense competition that is expected to intensify in the near future, suggests a report…
Gore Mutual makes capital investment in tech start-up BrokerLift
March 2, 2016 by Canadian UnderwriterGore Mutual Insurance Company announced on Wednesday that it has made a capital investment in Toronto-based technology start-up Brokerlift Inc., an eCommerce platform designed specifically to enable brokers to compete effectively with other online distribution channels. As part of their…
Emerging connected technologies breaking thresholds of insurance business models: report
March 2, 2016 by Canadian UnderwriterThe continued evolution of the Internet of Things (IoT) is among the multiple threats pushing the insurance industry toward massive disruption, notes a report released Tuesday by Capgemini and Efma. IoT, combined with changing behaviours and preferences from Gen Y…
Berkshire Hathaway insurance-underwriting earnings up to $306 million in Q4 2015 from $191 million in Q4 2014
February 29, 2016 by Canadian UnderwriterBerkshire Hathaway has reported insurance-underwriting earnings of US$306 million for the fourth quarter of 2015 ending Dec. 31, 2015, up from US$191 million in the same quarter in 2014. However, for the full-year 2015, earnings were US$1.162 billion, down from…
Companies must adopt fuller view of risk, understand the expected can combine to produce surprises: Marsh
February 29, 2016 by Canadian UnderwriterBoards and executive teams must develop a much stronger context for risks that may seem to be safely over the horizon if they are to avoid being blindsided by unwelcome surprises, notes a new paper from Marsh & McLennan Companies’…
Ontario Retirement Pension Plan deductions start for large employers in 2018
February 26, 2016 Greg Meckbach, Associate EditorThe organization administering a new mandatory pension plan for Ontario employees will start collecting contributions in 2018, the ruling Liberals confirmed Thursday in their 2016-17 budget document. Finance Minister Charles Sousa first announced the Ontario Retirement Pension Plan (ORPP) two…