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News CatastrophesClaimsClimate Change

The province said to lead Canada in physical flood defences

June 21, 2018 by Greg Meckbach

Half a century after the completion of the Red River Floodway, Manitoba still provides the best examples of overland flood defence work in Canada, the founder of a property loss think tank suggests. The Manitoba government estimates that the Red

insPRESS Announcements

Join WICC’s Golf Beach Party on July 11

June 20, 2018 WICC Ontario

TORONTO, June 20, 2018 /insPRESS/ – WICC Ontario’s Golf Fundraiser takes place again at the beautiful Angus Glen Golf Club. In our 19th year, we have something enjoyable for everyone! Get into our BEACH THEME and wear your best Hawaiian

News InsuranceLegislation / RegulationReinsurance

The downside of being an insurtech trailblazer

June 18, 2018 by Greg Meckbach

The spectre of a Netflix-esque disruption of the property and casualty insurance sector is producing mixed reaction among Canadian executives. The Canadian P&C sector “may be” disrupted in a manner similar to how Netflix disrupted the movie rental industry or

Feature ClaimsClimate Change

Insuring the Intangibles

June 7, 2018 Adrian Hall, CEO; Corrinne Pollard, Head of Claims; and Sarah Kestle Head of Sales, Swiss Re Corporate Solutions Canada; and Xavier Tinguely, Senior Corporate Development Manager, Swiss Re Corporate Solutions, USA

A shift in the global economy has changed the risks facing Canadian businesses. Companies are now calling for insurance solutions that protect their intangible assets.

News InsuranceMarkets / CoveragesReinsurance

Government-backed home flood insurance coming to Canada?

June 3, 2018 by Greg Meckbach

Federal government officials are pondering a flood insurance system similar to Britain’s two-year old Flood Re, an Insurance Bureau of Canada official suggested Thursday. Federal public safety minister Ralph Goodale “asked IBC to lead a working that will deliver recommendations

Feature ClaimsReinsurance

What’s New in Nuclear Claims Handling

June 3, 2018 David Gambrill, Editor-in-Chief

A pool of Canadian nuclear insurers has created a state-of-the-art, made-in-Canada claims administration system for handling nuclear incidents.

News EmploymentInsuranceProfessional Development

Paid Part 3 of DGA study reveals how to achieve your ideal insurance career

May 29, 2018 DGA Careers

What direction do you see your insurance career taking over the next five years? Are you on a path to the C-suite or other leadership role? Alternatively, do you have a more entrepreneurial vision for either starting a company or

News InsuranceReinsurance

Why open reinsurance markets are best for Canada

April 30, 2018 by Greg Meckbach

With the lion’s share of Canadian insurers’ reinsurance coming from outside of Canada, protectionism in the insurance space would not be good for consumers, a lawyer told Canadian Underwriter last week. Some nations – including Thailand, India, China – have

News CatastrophesClaimsInsuranceReinsurance

Ontario ice storm catches the eye of global reinsurance brokerage

April 20, 2018 by Greg Meckbach

Severe weather earlier this week in Ontario has caught the attention of reinsurance providers. Impact Forecasting LLC, a unit of reinsurance brokerage Aon Benfield, noted Friday that winter weather starting April 13 “left considerable damage across southern sections of Canada’s

News InsuranceMarkets / CoveragesReinsuranceTechnology

New opportunities for commercial brokers in cyber

April 20, 2018 by Greg Meckbach

Brokers selling commercial insurance need to ask clients what they use their computers for and what happens if they lose access to that data, an executive with a Bermuda insurer says. Computer security (also known as cyber) risk, “will impact

News Insurance

The ‘conundrum’ of how to convince Quebeckers to buy earthquake insurance

April 11, 2018 by Greg Meckbach

It will take insurers an “extended period of time” to convince even one-quarter of Quebec property owners to buy adequate coverage, an industry executive suggests. Only three to four per cent of homeowners near Quebec City have earthquake coverage, Edouard

News Climate ChangeInsuranceReinsurance

Why brokers may have fewer home flood wordings to choose from

April 11, 2018 by Greg Meckbach

The lack of standard wording for home overland flood insurance is not a bad thing, but Canadian brokers might soon have fewer wordings from which to choose, the head of Swiss Re Canada suggests. Overland flood coverage was generally unavailable