Canadian Underwriter

Segment
Underwriting


Businessman with mobile phone in hand submitting a digital claim
News BrokersInsuranceMarkets / CoveragesProducts

How telematics is a game-changer for claims

May 2, 2022 by Alyssa DiSabatino

Telematics, which allows insurance companies to measure client driving behaviour, has largely been used by carriers in the underwriting process, but it may prove to be equally as useful for claims, says one telematics provider. Claims telematics can be used

Empty desk waiting for a new executive.
News AnnouncementsAppointmentsCommercial LinesInsuranceMarkets / CoveragesProfessional DevelopmentReinsurance

Everest makes key promotion and appoints chairman

April 28, 2022 Canadian Underwriter Staff

Everest Re Group’s reinsurance division, Everest Reinsurance, has promoted Scott Paddington to chief agent and chief underwriting officer of Everest Reinsurance Canada. It also appointed Russ Lewis to chairman of Everest Reinsurance Canada. Both now report to Jill Beggs, head

Illustration of a boss leaning in to a group of employees.
News BrokersEmploymentInsurance

Adapting management styles for the post-COVID workplace

April 28, 2022 by Alyssa DiSabatino

Managers must develop different management skills for the post-COVID world, say panellists at the Insurance Institute of Canada’s Pivot with Purpose webinar.  As many organizations begin their transition to a hybrid work model, companies have a responsibility to adapt their

Businessman buys data from a hacker
News Insurance

In the crosshairs: Why insurance remains a target for cybercriminals

April 27, 2022 by Jason Contant

Cybercriminals are now specifically searching for terms like ‘insurance’ when looking for data, a partner with Norton Rose Fulbright Canada LLP said during an industry event last week. “They’re not just looking for any data. They’re actually quite smarter,” says

Two young businesspeople wearing protective face mask discussing paperwork together at a desk in a modern office
News BrokersInsuranceProfessional Development

How employers are incentivizing the return to the office

April 27, 2022 by Alyssa DiSabatino

Many in the P&C industry plan to return to work in-person, so companies may want to consider ways to incentivize their employees to return to their offices, suggests a panellist at the Insurance Institute of Canada’s Pivot with Purpose webinar.

Luxury new house in suburbs.
News BrokersClaimsConstructionInsuranceProductsRestoration

How guaranteed replacement fits within a world of rising home costs

April 26, 2022 Philip Porado

While federal budget proposals aimed at dampening home-price escalation may modestly help insurers control reconstruction costs for insureds, there’s another side to the conversation. What if it doesn’t work? Beyond price appreciation, lots of factors — like updates to building

Illustration of hands reaching upward, each holding a llightbulb
News BrokersEmploymentInsurance

An honest assessment of P&C industry’s diversity

April 26, 2022 by Alyssa DiSabatino

With growing calls for diversity and a shortage of fresh talent, the P&C industry has made some progress by adding more diverse talent to its roster, but industry experts say more can be done to make it truly diverse. Representation,

Open coffee jar with ground coffee
News BrokersEarnings / RatingsInsurance

Despite “aggressive growth goals,” insurers cautioned to keep their powder dry

April 25, 2022 by David Gambrill

Although the industry achieved a highwater mark financial result in 2021, industry executives are cautioning insurers to keep their powder dry and not reduce pricing drastically to grow market share. “I just look through the windscreen, all the things coming

Computer security concept
News Insurance

Why multi-factor authentication isn’t the cure-all for your client’s cyber woes

April 21, 2022 by Jason Contant

Staying one step ahead of cybercriminals seems to be a never-ending battle for insurers and insureds, cyber experts said during an industry event Wednesday. “The problem is, as we increase our cyber hygiene and become better insureds, the criminals adapt

Bear having a look out of his cave
News AdjustersBrokersEmploymentInsurance

Leaving hibernation: What’s next for P&C industry?

April 21, 2022 by David Gambrill

Look for Canada’s P&C industry to fine-tune the hybrid workplace model over the next six months, as the country starts to ease pandemic restrictions, industry execs say. The tinkering will involve achieving the best balance between meeting in person with

winter and summer tires
News InsuranceMarkets / CoveragesRisk

Kilometres driven: TD’s non-UBI approach

April 20, 2022 by David Gambrill

While many insurers tout usage-based insurance as the most accurate way to rate kilometres driven, TD Insurance is offering a new twist on an old ratings variable. To offer consumers choice, and a more accurate assessment of their driving risk,

Bombed out building in Ukraine painted in flag's colours.
News AdjustersCatastrophesClaimsCommercial LinesEngineeringInsuranceMarkets / CoveragesReinsuranceRestorationRisk

Ukraine war insured losses could outstrip 9-11

April 20, 2022 Philip Porado

When adjusters are finally able to assess the damage stemming from the war in Ukraine, costs may exceed the Sept. 11, 2001 terror attacks as the largest industry-wide insured loss, across all classes of business, in history, said a specialty