Segment
Reinsurance
Toronto’s density, old sewer system lead to flooding, observers say
August 22, 2018 Gabriele Roy - THE CANADIAN PRESSTORONTO – Steady rain and thunderstorm warnings in Toronto on Tuesday had residents bracing for waterlogged streets and transit delays for the third time in as many weeks, with the city saying it was prepared to respond quickly to urgent…
On the Scene: IBAA Annual Convention, May 6-9, 2018
August 16, 2018 by Ian PortsmouthBeautiful Banff was again the setting for the Annual Convention of the Insurance Brokers Association of Alberta (IBAA), held May 6-9, 2018. Canadian Underwriter was the exclusive national media sponsor of the event, which kicked off with a golf tournament…
Will Aviva Canada and Crawford & Company retain their crowns in 2018?
August 15, 2018 Insurance NexusTORONTO, August 15, 2018 /insPRESS/ – Voting has opened in the third annual 2018 Insurance Nexus Canadian Awards, Insurance Nexus have announced. Recent research conducted by Insurance Nexus has shown that 94% of senior insurers agree that AI will deeply…
Major consolidation this year in reinsurance industry?
July 31, 2018 by Greg MeckbachMergers and acquisitions will likely be a topic of discussion for mid-market reinsurers, executives with a large European reinsurer suggest. Efforts by large reinsurers to improve productivity will put “more pressure” on mid-sized and smaller reinsurers “to have this strategic…
The trick to getting blockchain to work for insurance
July 30, 2018 by Jason ContantThe trick to getting blockchain to work in the insurance space is getting all the players in the market to align and agree on common standards and a way to govern the blockchain, Aon Benfield’s chief information officer said Friday.…
Cyber catastrophe bonds: Coming soon?
July 13, 2018 by Greg MeckbachWith computer security incidents causing business interruption and privacy breaches, there is a “very real possibility” that a catastrophe bond covering cyber risk might be available, the head of a cyber risk modelling vendor predicts. Catastrophe bonds are a form…
Reinsurer with Toronto office could become publicly traded
June 28, 2018 by Greg MeckbachSirius International Insurance Group Ltd., which sells reinsurance in Canada through a Toronto office, will be publicly traded if a tentative merger agreement announced Monday is approved. Bermuda-based Sirius was sold in 2016 by White Mountains Insurance Group Ltd. to…
The province said to lead Canada in physical flood defences
June 21, 2018 by Greg MeckbachHalf 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…
Join WICC’s Golf Beach Party on July 11
June 20, 2018 WICC OntarioTORONTO, 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…
The downside of being an insurtech trailblazer
June 18, 2018 by Greg MeckbachThe 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…
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, USAA shift in the global economy has changed the risks facing Canadian businesses. Companies are now calling for insurance solutions that protect their intangible assets.
Government-backed home flood insurance coming to Canada?
June 3, 2018 by Greg MeckbachFederal 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…