Canadian Underwriter

Segment
Underwriting

News Earnings / RatingsEmploymentInsurance

How Canada’s P&C industry will weather the economic storm from COVID-19

April 1, 2020 by Jason Contant

Canada’s P&C insurance industry will likely not experience significant underwriting losses overall, but financial volatility due to COVID-19 will affect investment portfolios in the short-term, global credit ratings firm DBRS Morningstar said in a new report. “We consider the coronavirus

News Insurance

‘Social distancing’ ramps up as COVID 19 spreads and economic toll mounts

March 12, 2020 Colin Perkel - THE CANADIAN PRESS

TORONTO – Keeping distance from others as a way to prevent the further spread of COVID-19 ramped up across Canada on Thursday as Prime Minister Justin Trudeau and his wife went into precautionary self-isolation, major events were cancelled, and stock

Feature RiskTechnology

The future of cyber

March 2, 2020 Greg Meckbach, Associate Editor

Nathan Rose, a senior underwriter with Burns & Wilcox, shares how emerging trends in cyber will lead to untapped business opportunities.

News BrokersCommercial LinesInsuranceMarkets / CoveragesTechnology

How easy is it for brokers to get terms in the cyber market?

February 27, 2020 by Jason Contant

Capacity is still readily available to cover cyber risks, but more insurers are approaching the coverage cautiously, a speaker said Friday at NetDiligence’s Cyber Risk Summit in Toronto. In terms of procedure, clients’ applications for cyber coverage must clear more

News Commercial LinesInsuranceTechnology

Car sharing firm leaves Canada with valuable data in changing market: expert

February 27, 2020 Brenna Owen - THE CANADIAN PRESS

VANCOUVER – The car-sharing company formerly known as Car2Go is closing up shop in North America on Saturday, taking with it valuable data for automakers looking to the future, says one expert. The data could show how frequently people choose

News BrokersClaims CanadaCommercial LinesInsurance

Why depressed oil price matters to brokers

February 25, 2020 by Greg Meckbach

With oil prices down nearly 30% over 16 months and bankruptcies on the rise, now might be a good time for brokers to check their oil and gas clients’ insurance policies – especially their directors’ and officers’ (D&O) coverage. Among

News BrokersInsuranceRisk

Brokers urged to help their commercial clients using these traditional, proven risk assessment tools

February 4, 2020 by David Gambrill

In addition to using modern data analytics, commercial brokers can use traditional, proven risk assessment tools to help business clients understand and cope with price increases in today’s hard market, says a veteran of three hard markets. Inspections have been

News InsuranceMarkets / Coverages

Why this P&C consultant is not convinced we’re in a hard market

January 21, 2020 by Jason Contant

Hard markets and “difficult” markets are two different things, and one property and casualty insurance industry consultant is not convinced we’re in a hard market. “Almost universally, people are talking about us being at the beginning of a hard market

News BrokersInsuranceRisk

How brokers are responding to Mideast crisis

January 14, 2020 by Greg Meckbach

As tension continues to rise in the Middle East, brokers might want to start asking clients questions about travel plans – if they aren’t already. “After recent events in Iran and Iraq, Burns & Wilcox has been getting questions from

Feature InsuranceLegislation / RegulationMarkets / Coverages

Executive Outlook 2020 | Jason Storah, Aviva Canada

December 30, 2019 by David Gambrill

Jason Storah, President, CEO, Aviva Canada I find it quite interesting, intriguing and frustrating that auto insurance is so complex in this country. Why is an auto accident treated differently in Quebec, Ontario, B.C., or Alberta? It doesn’t make sense,

Feature InsuranceMarkets / Coverages

Executive Outlook 2020 | Valérie Lavoie, Desjardins

December 30, 2019 by David Gambrill

Valérie Lavoie, President, Chief Operating Officer, Desjardins General Insurance Group Rising home and auto insurance premiums will be the big issue for the industry again in 2020, driven by the growing frequency and severity of extreme weather events and the

Feature InsuranceLegislation / RegulationMarkets / Coverages

Executive Outlook 2020 | Carol Jardine, Wawanesa

December 30, 2019 by David Gambrill

Carol Jardine, President, Canadian P&C Operations, The Wawanesa Mutual Insurance Company One of the most important issues facing the industry is the Canadian consumer’s pocketbook. Canadian families have never been more in debt and GDP and wage growth aren’t helping.