Keyword
Underwriting
Moves and Views
April 1, 2015 by Canadian Underwriter1 Totten Insurance Group Inc. has announced it has acquired the shares of Montreal-based National Brokerage Services S.C.N. Inc., a commercial insurance wholesaler. Totten Insurance Group, a subsidiary of Hub International Ltd., reports that its acquisition of NBS complements the company’s…
Marketplace
April 1, 2015 by Canadian UnderwriterCANADIAN MARKET Quebec brokerage sector a model: Study Quebec’s brokerage industry is the driving model for damage insurance, notes a new study, sponsored by BMO Bank of Montreal. The Regroupement des cabinets de courtage d’assurance du Québec commissioned Raymond Chabot…
Break the Ice
March 1, 2015 Eric Robinson, Senior Scientist, AIR WorldwideWhen it comes to winter storm damage, does the industry have enough information (over a long enough period of time) to accurately quantify the risk? Claims experience, catastrophe models, responsible risk management and solid underwriting practices are all needed to develop a full picture of the risk.
Water surge
March 1, 2015 Karen Clark, Chief Executive Officer, Karen Clark & CompanyModelling flood risk in Canada would be no easy task. Flood perils have not yet been covered by the catastrophe models because of several unique complexities. Canadian insurers, however, can evaluate flood risk using new, open modelling platforms that provide insight into potential future losses from a wide range of scenarios.
Moves and Views
March 1, 2015 by Canadian Underwriter1 Swiss Re Canada welcomed its new president and chief executive officer, Veronica Scotti [1a], effective April 1. Scotti most recently served as Swiss Re’s client executive, based in Armonk, New York, and will now work out of Toronto, the reinsurer…
Marketplace
March 1, 2015 by Canadian UnderwriterCANADIAN MARKET Intact acquires Canadian Direct Insurance for $197 million Intact Financial Corporation (IFC) is expanding its direct operations in Western Canada with the recently announced acquisition of Canadian Direct Insurance Inc. (CDI). IFC reports that it has entered into…
Spice of Life
February 1, 2015 Angela Stelmakowich, EditorLynn Oldfield, honoured with The CIP Society’s Established Leader Award, is well-aware of how important education and engagement are to playing in the constantly evolving p&c insurance space.
Bringing Data Home
February 1, 2015 Craig Harris, Freelance WriterSometimes seen as the “poor cousin” to auto insurance in terms of resources and investment, personal property is now a hive of activity in data analytics. Internal and external information is being used to delve into more specific by-peril rating, loss cost development and operational efficiencies.
Moves and Views
February 1, 2015 by Canadian Underwriter1 Bob Fitzgerald [1] has been appointed chief executive officer of SCM Insurance Services, succeeding founder and chief executive officer Larry Shumka, who will become the firm’s first-ever executive chairman. Most recently president of SCM Insurance Services’ adjusting and claims…
Marketplace
February 1, 2015 by Canadian UnderwriterTECHNOLOGY Potential economic benefit of driverless cars $65 billion annually Automated vehicles (AVs) – or self-driving cars – could be on Canadian roads between 2020 and 2025, with the economic benefits being more than $65 billion annually, reports the Conference…
Rebooting Education
January 1, 2015 Peter Hohman, President & Chief Executive Officer, Insurance Institute of CanadaComputer-based exams offer a level of flexibility that is not only welcomed in today’s learning environment, but perhaps even expected. Those in the insurance industry looking to advance their education and contribute to their companies are no different.