Canadian Underwriter

Segment
Underwriting

News EngineeringInsuranceLegal

This Supreme Court ruling could drive environmental insurance sales

March 19, 2019 by Greg Meckbach

Brokers could see more demand for environmental liability insurance because of a recent Supreme Court of Canada ruling in favour of the Alberta Energy Regulator, a Toronto underwriter suggests. In Orphan Well Association v. Grant Thornton Ltd., the Supreme Court

News BrokersInsurance

How bad financials can affect your client’s insurance rates

March 15, 2019 by Greg Meckbach

Do insurers really care about a client’s balance sheet? A former lawyer who represented The Trump Organization recently suggested clients could get a good rate if the broker could be certain that the client could pay the premium. Brokers contacted

News InsuranceTechnology

Insurtech seeks to bring the ‘Uber-Netflix-Spotify-Amazon’ experience to commercial clients

March 11, 2019 by Greg Meckbach

An insurtech with offices in Ontario is looking for commercial and personal lines carriers who want to sell insurance the way Spotify sells music. “We are talking to several Canadian insurers who have an interest in launching new products” Philippe

News Commercial LinesInsuranceTechnology

What the commercial underwriter of the future might look like

February 22, 2019 by Jason Contant

Commercial underwriting in the future may expand to encourage more cross-functional and hybrid responsibilities, potentially with engineering, claims, finance or operations, according to a new report from McKinsey & Company’s insurance practice. “To attract younger talent, companies need to recognize

News Brokers

This new statistic could prompt brokers to ask clients about house mates

February 20, 2019 by Greg Meckbach

The percentage of adults 25 and older who live with parents has nearly doubled over the past generation, Statistics Canada reported last week. In 1995, 5% of Canadians aged 25 to 64 (about 900,000 people) shared a residence with one

News Commercial LinesInsurance

Insurer CEOs react to hardening commercial market

February 13, 2019 by Greg Meckbach

The pace of the hardening market in commercial lines has come as a surprise to some executives at Canada’s largest property and casualty insurer. “We have seen a shift in commercial lines that is pretty abrupt in the past six

News InsuranceMGAs

The aftermath of ‘firm action’ in Lloyd’s market

February 8, 2019 by Greg Meckbach

Eight Lloyds syndicates have closed and some clients insured by the London market are seeing premiums increase four-fold, the head of a major Bermuda insurer suggests. “After some firm action by Lloyd’s in (2018), we saw the closure of eight

Feature Claims CanadaInsurance

Traditional homeowners’ insurance on a collision course with the sharing economy

November 3, 2017 Laura L. Emmett and Kaitlyn E. Armstrong

The Rise of the Sharing Economy Consumers are increasingly interested in leasing and sharing products rather than buying and owning them. The aptly named “sharing economy” is growing rapidly, fueled in part by social media, which facilitates communication between peers

Feature Claims Canada

Capitalizing on Claims Data

May 31, 2015 Craig Harris, Freelance Writer|Craig Harris, Freelance Writer

After initially focusing on underwriting and pricing, many insurance companies have expanded their view of data analytics to loss management. The claims handling process represents a rich area for data modeling tools that can provide better insight into everything from adjuster assignment and operational efficiency to fraud detection and subrogation. How does data analytics fit into the claims management process for insurers – and adjusters?

Feature Claims Canada

The Truth about Cats and Dogs

May 31, 2015 Insurance Institute of Canada|Insurance Institute of Canada

Pet insurance explained

Feature Claims Canada

Leakage!

March 31, 2015 Craig Harris, Freelance Writer|Craig Harris, Freelance Writer

The notion that insurers can better control their claims/indemnity spend through streamlining, cost cutting and efficiency initiatives has gained momentum in Canada in recent years. Many insurance companies are finding ways to plug financial “leakage” in claims handling – a term not always popular with claims managers. Independent adjusters understand the reasons behind this focus on costs, but caution that a proper approach to claims adjudication should prevail.

Feature Claims CanadaMarkets / Coverages

Location, Location

March 31, 2015 Mary Allen and Michael O'Neil, principals, InsightaaS|Mary Allen and Michael O'Neil, principals, InsightaaS

New technologies, such as location-based intelligence, are helping insurers mitigate catastrophe risk.