Keyword
Underwriting
Building Success, Building Protection
July 3, 2015 Carl Spensieri, Vice President, Environment, Berkley CanadaPublic-private partnership (P3) agreements are emerging as the design, build, fund and operate model of choice in Canada. But while the model offers an opportunity to share risks and realize rewards, it demands careful consideration of potential exposures, including environmental risk, which are best addressed by tailored cover.
Beyond Fun and Games
July 3, 2015 Andrew Duxbury, Underwriting Manager, Munich ReToronto is playing host to the Pan Am Games and the Parapan Am Games this summer. But what if something happened – a flood, a civil protest, a transportation shutdown? What could it mean for reinsurers and insurers if the Games are interrupted?
Moves and Views
July 3, 2015 by Canadian Underwriter1 With the amalgamation of the global Crawford Specialty markets group and the Global Technical Services (GTS) unit, Paul Hancock [1] will head the merged division in Canada, reports Crawford & Company (Canada) Inc. The GTS unit “has expanded its…
Drought to Deluge
June 1, 2015 Anya Sri-Skanda-Rajah, Managing Director, GC Analytics, Canada Flood Model Strategic Lead, Guy Carpenter & CompanyBoth data and technology are having an impact on the development of flood insurance products. With recent breakthroughs that advance the ability to perform stochastic modelling, more insurers appear open to writing flood insurance, a move that could help shrink the coverage gap for homeowners.
Digital Transformation
June 1, 2015 Lorraine Thompson, Canadian Lead, Insurance Practice, Canada, AccentureDigital technology is poised to transform the property and casualty insurance industry both here at home and abroad. Canadian carriers that take steps today to address trends will move from having a digital consumer strategy to having an overall business strategy that is digital.
Moves and Views
June 1, 2015 by Canadian Underwriter1 Allianz Global Corporate & Specialty SE (AGCS) announced in May that Ulrich Kadow [1] has been appointed chief agent for AGCS Canada. Kadow was previously AGCS’s global head of package and multi-line, “where he established the mid-market property, liability…
Driving Forward
May 1, 2015 Angela Stelmakowich, EditorTelematics is revving up. Fuelled by the promise of securing consumer loyalty and gaining competitive advantage, offerings from traditional and non-traditional players in the property and casualty space are meant to help position companies for the future. But will current regulatory restrictions serve to stall out the possibilities?
Tele-Envision
May 1, 2015 Angela Stelmakowich, EditorTelematics could offer an opportunity to identify customer-specific insurance needs and provide advice, which, it is hoped, could build loyalty that will be there as additional offerings and services unfold.
Moves and Views
May 1, 2015 by Canadian Underwriter1 Liberty International Underwriters Canada announced in April the appointment of Garth Pepper [1a] as president, replacing Mike Molony [1b], who is retiring and has served as LIU Canada president since 1999. Pepper most recently was senior vice president of…
Marketplace
May 1, 2015 by Canadian UnderwriterCANADIAN MARKET Zurich Canada launches drone insurance package Zurich Canada has launched a new drone insurance product that it maintains “closes an important coverage gap” for companies already making use of drones. Developed in partnership with Global Aerospace Underwriting Managers Limited…
Brokers in Action
April 1, 2015 Greg Meckbach, Associate EditorAs ever, insurance brokers across the country are grappling with a wide variety of issues. Some issues are ongoing while some are emerging; some are regional while others are country-wide. The one constant is the need for brokers to continue to act as trusted advisors and to provide sound advice so that customers know the risks, understand coverage and have access to a wide choice of products.
Over and Above
April 1, 2015 Sharon Ludlow, President, Aviva Insurance Company of CanadaWhy is now the time for homeowner overland water protection? With Canada seeing more rain every year, this type of protection will only become more important in future. The country’s first such coverage for residential properties, working in concert with sewer back-up protection, seeks to meet that need.