Segment
Brokers
Cost-cutting key to ICBC review recommendations
August 16, 2012 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) will cut management positions in line with a provincial review released Aug. 16. The review contains 24 recommendations, including several that will see ICBC better aligned with government’s priority of cost containment, notes…
York Regional Police lay 142 charges in alleged auto fraud scheme called “Project Sideswipe”
August 10, 2012 by Canadian UnderwriterForty-six suspects have been charged in connection with an alleged auto fraud scheme called Project Sideswipe involving staged collisions and suspected false medical billings in Ontario. One hundred and forty-two charges have been laid to date, including conspiracy to commit…
Western Financial and Falkins Insurance Group begin co-branding arrangement
August 8, 2012 by Canadian UnderwriterWestern Financial Group and Falkins Insurance Group are taking on a more visible partnership presence in the Kootenay Region of British Columbia. To support the growing presence of the Western brand in the region, Falkins, a 115-year-old insurance brokerage based…
Willis Group Holdings plc posts $107 million in net income for second quarter of 2012
August 2, 2012 by Canadian UnderwriterReported net income from continuing operations at Willis Group Holdings plc was $107 million in 2002 Q2, up from $84 million in the second quarter of 2011. That translates to $0.61 per diluted share for the period ended June 30,…
Keal Technology delivers e-doc solution to Intact brokers
August 2, 2012 by Canadian UnderwriterIntact Insurance and Keal Technology have taken another step forward in the development of an electronic document (e-doc) solution that will help brokers serve clients more easily and efficiently. The Intact-Keal e-doc allows brokers to download policy information of their…
EZ-Docs enhancement supports broker efficiency
August 1, 2012 by Canadian UnderwriterRSA is now successfully transmitting live policy documents to a broker system using the Centre for Study of Insurance Operations’ (CSIO) latest XML standards, a move meant to enhance broker efficiencies and streamline workflows. Brokers currently using RSA’s EZ-Docs tool…
Breaking Down the (Cubicle) Walls
August 1, 2012 Chris Gudgeon, Business Development Manager, QBE CanadaWhen a specialist insurer created a truly open concept office, the funniest thing started to happen: Everyone began talking to each other, feeding a multi-disciplinary, collaborative approach to risk.
Homegrown Talent
August 1, 2012 Eric Gagne, Vice President, Industry Relations, Alpha Rho, Fanshawe CollegeThe P&C insurance industry, which is expected to lose a number of people through retirement, can draw on an abundance of available talent in business insurance programs across the country.
Marketplace
August 1, 2012 by Canadian UnderwriterREGULATION OSFI proposes to change basis for calculating minimum assessments Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is proposing to change the basis on which it calculates minimum and non-minimum assessments. OSFI has suggested using…
Building it so they will come
August 1, 2012 David Gambrill, Senior EditorResponding to consumers who want to buy their insurance online, the independent broker channel is building online brokerages to offer customers convenience and advice.
Ontario Moves Closer To CAT Injury Definition
July 31, 2012 Craig HarrisThe Financial Services Commission of Ontario’s (FSCO) review of catastrophic impairment, submitted to the Finance Minister, was part of the government’s auto insurance reform package implemented in 2010. It said psychiatric and physical impairments should not be combined for the purpose of determining a catastrophic impairment of the whole person.
New Brunswick wants cap moved to $7,500
July 31, 2012 byNew Brunswick is proposing to increase its $2,500 cap on minor auto injuries up to $7,500 and develop a new definition for minor injuries that would see fewer people come under the cap. The government tabled its report in late…