Segment
Underwriting
MDS ruling begs the question: Are your BI pandemic exclusions iron-clad?
April 9, 2020 Zoran Samac & Rohan Haté *After recent events surrounding the COVID-19 pandemic, in addition to a recent Ontario Superior Court decision about business interruption in a nuclear incident, Canadian P&C underwriters may want to take a second look at the wording of their pandemic exclusions…
Afterburn
April 8, 2020 Greg Meckbach, Associate EditorHome insurers in Quebec may be on the hook for major fire losses on their property policies in the aftermath of an earthquake
How Canada’s P&C industry will weather the economic storm from COVID-19
April 1, 2020 by Jason ContantCanada’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…
Why insurers are training in design thinking
March 20, 2020 Jason Contant, Online EditorCanadian P&C professionals have approached Cookhouse Labs, an industry innovation hub, to help with staff training. Cookhouse co-founder Sven Roehl (pictured here) and Ibeth Ramos, Cookhouse’s program manager and innovation coach, explain why.
– As told to Jason Contant
‘Social distancing’ ramps up as COVID 19 spreads and economic toll mounts
March 12, 2020 Colin Perkel - THE CANADIAN PRESSTORONTO – 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…
The future of cyber
March 2, 2020 Greg Meckbach, Associate EditorNathan Rose, a senior underwriter with Burns & Wilcox, shares how emerging trends in cyber will lead to untapped business opportunities.
How easy is it for brokers to get terms in the cyber market?
February 27, 2020 by Jason ContantCapacity 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…
Car sharing firm leaves Canada with valuable data in changing market: expert
February 27, 2020 Brenna Owen - THE CANADIAN PRESSVANCOUVER – 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…
Why depressed oil price matters to brokers
February 25, 2020 by Greg MeckbachWith 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…
Brokers urged to help their commercial clients using these traditional, proven risk assessment tools
February 4, 2020 by David GambrillIn 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…
Why this P&C consultant is not convinced we’re in a hard market
January 21, 2020 by Jason ContantHard 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…
How brokers are responding to Mideast crisis
January 14, 2020 by Greg MeckbachAs 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…