Keyword
United States
Business intelligence data analytics users in U.S. say structured data tops unstructured data: Clutch
August 16, 2016 by Canadian UnderwriterThe lion’s share of business intelligence (BI) data analytics users in the United States taking part in a recent Clutch survey regard structured data like internal information as more important than unstructured data, such as social networks. In all, 83%…
U.S. p&c industry sees favourable rating activity in 2016 H1: A.M. Best
August 12, 2016 by Canadian UnderwriterProperty and casualty insurers in the United States have witnessed favourable rating activity in the first half of 2016 compared to a negative prior-year trend, notes a new special report from A.M. Best. Reversing what was seen in 2015 H1,…
Global market for professional indemnity insurance expected to reach US$40.5 billion by 2019: Finaccord
August 3, 2016 by Canadian UnderwriterThe global market for professional indemnity (liability) insurance is on track to climb from its 2015 total of approximately US$36.2 billion in gross written premiums (GWPs) to US$40.5 billion by 2019, Finaccord reported Wednesday. Of the 2015 premium total, the…
Persisting low interest rates, regulatory cost concerns expected to result in lower returns: U.S. insurers
July 15, 2016 by Canadian UnderwriterAbout three-quarters of polled insurers south of the border “have lowered their target return-on-equity expectations to 10% or lower,” notes a new special report released Thursday by A.M. Best. The lowered expectations are “a reflection of highly competitive market conditions…
Higher catastrophe losses, lower investment income fuel reduced growth in underwriting gain for U.S. p&c insurance
July 11, 2016 by Canadian UnderwriterThe highest level of catastrophe losses in five years contributed to the U.S. property and casualty insurance industry witnessing deteriorated underwriting results in the first quarter of 2016 compared to the prior-year quarter, notes a special report issued Friday by…
Panama Papers creating more scrutiny around offshore structures
June 24, 2016 by Angela StelmakowichThe Panama Papers situation seems to be creating more scrutiny and less sympathy to offshore structures for tax purposes among regulators in Canada and this could spur greater disclosure demands, suggested Shea Small, a partner and international and business strategy…
Cyber security enters U.S. manufacturers’ Top 10 risks: BDO
June 22, 2016 by Canadian UnderwriterCyber security now ranks among the Top 10 risk factors of manufacturers south of the border, notes a report issued Tuesday by accounting and consulting organization BDO USA, LLP. The lion’s share of manufacturers in the United States analyzed in…
Data breaches detection, escalation costs highest in Canada: global IBM/Ponemon report
June 16, 2016 by Canadian UnderwriterDetection and escalation costs related to data breaches were the highest in Canada and lowest in India, note findings of a new global survey released Wednesday. “The average detection and escalation costs for Canada was US$1.60. In contrast, the average…
XL Catlin adds rectification expense cover to contractor’s professional and pollution legal liability insurance
May 30, 2016 by Canadian UnderwriterContractors and environmental consultants in Canada and the United States now have access to enhanced protection under XL Catlin’s contractor’s professional and pollution legal liability insurance with the addition of rectification expense coverage. Standard professional liability coverage addresses third-party claims…
Cyber security awareness training critical for businesses, data breaches changing online behaviours
May 27, 2016 by Canadian UnderwriterEmployees need to become advocates of cyber security to reduce associated risks and help better protect the businesses for which they work, suggests Joe Ferrara, president and CEO of Pittsburgh-based Wombat Security Technologies. “Security awareness training has become a business-critical…
Some challenges remain in accessing, using valuable business intelligence data: U.S. survey
May 24, 2016 by Canadian UnderwriterA new survey out of the United States shows wide agreement that business intelligence (BI) data can provide a company with a competitive edge, but ongoing challenges remain about how best to get and use that information. Washington, D.C.-based B2B…
Third Texas hail storm in less than a month could push state’s year-to-date damage beyond nine-year average for U.S.: A.M. Best
April 25, 2016 by Canadian UnderwriterTexas’s third major hail storm in less than a month on Apr. 11 could push the state’s damage so far this year to beyond the nine-year average of US$1.2 billion for the whole of the United States, notes a report…