Segment
Underwriting
One positive trend in the P&C industry’s third-quarter results
November 28, 2019 by David GambrillCanada’s federally-regulated property and casualty insurers appear to be getting a handle on their property lines claims ratios, although auto lines are still in trouble, according to third-quarter industry results released by the country’s solvency regulator, the Office of the…
So when is the P&C industry going to make real money in cyber?
November 28, 2019 by David GambrillThere’s a huge opportunity for Canadian brokers during this hard market and it’s hidden in plain sight — cyber insurance. Cyber protection has been a dominant fixture in industry discussions for the past several years. The product has evolved considerably,…
Are young industry pros being set up to fail?
November 28, 2019 by Adam MalikYoung insurance professionals are being put in senior positions despite not having enough experience and it risks putting the industry in a perilous position, warns one veteran award-winning broker. Complicating matters further, she says, the industry across the board has…
Is there room for a ‘jack-of-all-trades’ insurance professional anymore?
November 16, 2019 by Adam MalikIt doesn’t matter if you’re a broker, adjuster or underwriter, specialization will be essential for anyone working in the insurance industry going forward, says one industry expert. With the growth of the shared and gig economies, new challenges are emerging…
Commercial lines that will see the greatest rate increases in 2020
November 16, 2019 by Jason ContantCommercial property, umbrella, and public company directors and officers (D&O) lines are expected to see the most widespread rate hikes of 20% and higher, in addition to capacity withdrawals, according to Willis Towers Watson’s Insurance Marketplace Realities 2020 report. The…
When no love is lost
November 15, 2019 Jason Contant, Online EditorEmerging tech companies are entering a new world of vicarious liability that may not be covered under traditional E&O policies
Small business auto clients are taking this complaint to their politicians
November 8, 2019 by Greg MeckbachCommercial trucking underwriting rules are killing some small businesses, Ontario’s deputy opposition leader told Canadian Underwriter Friday. John Vanthof, MPP for Timiskaming—Cochrane, is hearing from family-owned businesses that they are not able to find affordable insurance for newly trained and…
Why your commercial book will start getting a lot more rejections
November 6, 2019 by Greg MeckbachInsurers who replace underwriters with computers are rejecting a lot of small business applications for reasons that are unclear to the brokers, a commercial broker suggests. “I think that insurers will start to realize that the black boxes are actually…
More insurers may stop covering oil sands: Environmentalist
October 24, 2019 by Greg MeckbachExpect more insurers to stop covering Canadian oil sands infrastructure and pipeline projects, an environmental advocate suggests. “We have seen a lot of insurance companies, over the last four or five years, adopt coal policies and get out of insuring…
Why Supreme Court of Canada is looking at risk-based underwriting
October 21, 2019 by Greg MeckbachDoes the federal government have the power to prohibit insurers from asking consumers questions that carriers say are material to their risk? This question was recently put to the Supreme Court of Canada in a life insurance context. “Risk-based underwriting…
What’s changed about Millennials in the workplace?
October 17, 2019 by Adam MalikMillennials aren’t necessarily job hoppers, but they don’t want to feel stuck. So if you want to keep your young, talented staff – and attract new ones – make sure you’re showing them how the insurance industry can offer stability…
Don’t count on Canada-wide, high-resolution flood modelling anytime soon
October 10, 2019 by Greg MeckbachFlood maps with a resolution of two metres would be ideal, but don’t expect anything like this Canada-wide anytime soon. The current standard for the spacing of a topographic grid for regional mapping and modelling is 30 metres, as the…