News

While last year was challenging for the insurance industry in terms of economic uncertainty and persistent low interest rates, insurers are optimistic about investment opportunities and many are willing to take on more portfolio risk, according to a recent survey.…

Overall demand for new claims management modules is strong, but those vendors moving toward suite offerings are poised for more new customer wins than those without such offerings,  according to a recent market report from research and analysis firm Gartner.…

There is a need to build community resiliency and awareness in light of the apparent link between climate change and the rise in disaster relief spending in the United States, concludes the Washington, D.C.-based Center for American Progress (CAP). “As…

The Ontario Liberal government said Tuesday it will be introducing legislation that, if passed, would reduce auto insurance premiums by 15% on average, a figure first proposed by the NDP in the province. The government, which is set to deliver…

Hartford Steam Boiler Inspection and Insurance Co., part of Munich Re, has introduced a new cyber risk coverage offering for small businesses. Dubbed HSB CyberOne, the coverage is part of the company’s ongoing effort to offer products and services to…

The major challenge for insurers in the era of big data appears to relate at this time less to volume than to data velocity and variety, note survey findings released last week by Celent. The survey of 276 Celent insurance…

The percentage of auto insurance shoppers has hit a six-year low, but the percentage of those shoppers who select a new insurer is at a six-year high, according to the J.D. Power and Associates 2013 U.S. Insurance Shopping Study. The…

A recent court ruling against a Perth, Ont. mutual insurance firm has made at least one insurance lawyer nervous. Last Wednesday, the Ontario Superior Court of Justice ruled that Arthur Matheson and his family are not barred from making a…

As the days get longer and weather warms, Canadians may be in the beginning stages of renovation projects, but results from a recent survey suggest many homeowners aren’t aware of how their upgrades can impact their insurance policies. According to…

An Ontario court ruled last week in favour of the Royal & Sun Alliance Insurance Company of Canada and Jones Brown Insurance Brokers & Consultants over a liability policy with an organization that spent more than $100,000 defending itself from…

Canadian businesses are divided on whether telecommuting (working remotely) is good for productivity and employee morale, although some are taking steps to make their workplaces more flexible, according to BMO Bank of Montreal. Research firm Pollara surveyed a sample of…

Australia’s Actuaries Institute projects the premium increase from climate change will not be significant to 2070 – with hikes being small relative to the annual insurance industry premium pool and the impact of inflation – but government should take a…