Canadian Underwriter

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Reinsurance

Feature ClaimsClaims Canada

Shifting Sands

July 7, 2019 Jason Contant, Online Editor

Your client’s home falls into a sinkhole — coverage denied, right? How coverage may still apply, depending on a shift in circumstances

News InsuranceReinsurance

Why Swiss Re says insurance profitability will remain ‘under pressure’

July 5, 2019 by Greg Meckbach

Expect the low-interest-rate environment to continue for at least two more years, Swiss Re warned Thursday. “Insurers will continue to operate in a low-interest-rate environment for the next two years at least, meaning that industry profitability will remain under pressure,”

News InsuranceLegislation / RegulationMarkets / CoveragesReinsurance

How to make earthquake insurance sexy

June 28, 2019 by Jason Contant

Quebec’s financial regulator, the Autorité des marchés financiers (AMF), is working with the property and casualty insurance industry to make the earthquake insurance product more attractive to insurers, brokers and consumers. In its 2017-2020 Strategic Plan released Thursday, AMF said

News CatastrophesClaims

How budget cuts will affect flood risk mitigation

June 5, 2019 by Greg Meckbach

Flood risk mitigation in Ontario could start to depend a lot more on the willingness of corporations and individuals to donate money to the conservation authorities. “The conservation authorities are going to have to make a better case for outreach

News CatastrophesClaims CanadaClimate ChangeLegislation / Regulation

Provinces asking feds for $138 million to help buy out flooded properties

May 16, 2019 Jordan Press - THE CANADIAN PRESS

OTTAWA – Flood-ravaged provinces are asking the federal government to provide almost $138 million to move or buy out homeowners affected by previous years’ inundations, according to new data that gives a glimpse into the national costs of helping residents

News AppointmentsInsuranceReinsurance

Munich Re Canada appoints new president and CEO

May 14, 2019 by Jason Contant

Munich Reinsurance Company of Canada and Temple Insurance Company (a part of Munich Re) has appointed Claus-Ulrich Kroll as president and CEO of both companies. In his new role, Kroll will be responsible for the operation of all of Munich

News Catastrophes

One in 1,000-year flood happening in Quebec

April 26, 2019 Giuseppe Valiante and Stephane Blais - THE CANADIAN PRESS

MONTREAL – Quebec public security officials called for the immediate evacuation of an area along the Rouge River west of Montreal on Thursday because of the risk a hydro dam could fail. Simon Racicot, director of production and maintenance with

News CatastrophesReinsuranceRisk

Wildfire catastrophe models need improvement: Reinsurer

March 8, 2019 by Greg Meckbach

The world’s second-largest reinsurer is looking for partners in the artificial intelligence space to help the reinsurer get a better idea of how much insured damage future wildfires could cause. Swiss Re is working with the Massachusetts Institute of technology

Feature

Is wildfire on the back burner?

March 6, 2019 David Gambrill, Editor-in-Chief

After a couple of close calls last year in B.C. and Ontario, can we say we are better prepared for a wildfire cat?

News ClaimsInsuranceMarkets / CoveragesReinsurance

One solution for non-damage business interruption

February 21, 2019 by Jason Contant

Parametric insurance can help fill a gap in some policies by covering non-damage business interruption, a speaker said Tuesday at AXA XL’s Fast Forward LIVE event in downtown Toronto. Caused by a variety of factors, including severe weather conditions, non-damage

News InsuranceMarkets / CoveragesReinsurance

The two main benefits of parametric insurance

February 20, 2019 by Jason Contant

Speed is one of the main benefits of parametric insurance compared to traditional forms of insurance, with the underwriting process taking just several days to two weeks, speakers from AXA Global Parametrics in France said Tuesday. Parametrics is index-based insurance,

News Climate Change

What the climate in these Canadian cities could be like in 2080

February 13, 2019 Bob Weber - THE CANADIAN PRESS

Wondering what your city’s climate will be like in a few decades? Look south – about 1,000 kilometres south, says an unusual new study published Tuesday. That’s the average distance between 540 cities in the United States and Canada and