Segment
Underwriting
2023 Executive Outlook | Christian Fournier, Beneva
December 19, 2022 Canadian Underwriter StaffChristian Fournier, executive vice president, leader of property and casualty insurance, Beneva Our workforce situation — namely, the difficulties finding resources we need to provide the quality of service our clients have come to expect — is one of the…
2023 Executive Outlook | Joe D’Annunzio, BrokerLink
December 19, 2022 Canadian Underwriter StaffJoe D’Annunzio, president, BrokerLink Attracting new talent and retaining experienced employees is a key priority in the evolving insurance marketplace. Having a strong employee base is important when it comes to providing the best customer service. Delivering a strong customer…
2023 Executive Outlook | Philomena Comerford, Baird MacGregor
December 16, 2022 Canadian Underwriter StaffPhilomena Comerford, president, CEO, Baird MacGregor Insurance Brokers LP|Hargraft Schofield LP Attracting, engaging and developing talent will continue to be a key challenge for the P&C industry in 2023, as employers sort out what the work week will look like…
2023 Executive Outlook | London Bradley, Allstate
December 16, 2022 Canadian Underwriter StaffLondon Bradley, president, CEO, Allstate Insurance Company of Canada Canada’s P&C insurance sector faces the same challenge as every other sector and business in the economy — continuously elevating the customer experience. Customer expectations have changed dramatically over the past…
2023 Executive Outlook | Abraham Baboujian, RRJ Insurance
December 16, 2022 Canadian Underwriter StaffAbraham Baboujian, president, co-CEO, RRJ Insurance Group Ltd., O/A KRGInsure Talent acquisition and retention is at the top of my priority list heading into 2023. This is not a new issue; however, recent events have magnified the importance of it.…
How switching appliances can shorten claims cycles
December 15, 2022 Philip PoradoSupply chain problems aren’t going away any time soon for insurance adjusters. Home improvement retailers and warehouses have been plagued by empty shelves since the first year of the COVID-19 pandemic. And goods scarcities for everything from lumber to La-Z-Boys…
Are product liability insurers ready to face mass torts?
December 13, 2022 Philip PoradoClass action lawsuits have long been drivers of social inflation for insurers that provide product liability overage. But now a new legal vehicle, the ‘mass tort,’ looks to be waiting in the wings. Unlike class actions, in which one plaintiff…
How MGAs are dealing with underwriter shortages
December 12, 2022 by Jason ContantCanadian P&C managing general agencies (MGAs) are dealing with a lack of underwriters due to increased demand for products and services combined with traditional staff turnover, an industry executive told Canadian Underwriter. “MGAs are, from what we see, the fastest…
The real reasons behind Canada’s softer D&O market
December 9, 2022 Philip Porado“Expanded insurer appetite and competition in the primary space,” as well as new capacity in excess layers, helps explain a softening of Directors and Officers (D&O) insurance pricing and limits expansions in Canada, says a recent quarterly market insights report…
What do January reinsurance renewals have in store for property insurers?
December 5, 2022 by Alyssa DiSabatinoWith January’s reinsurance renewal period quickly approaching, the impact of major cat events on property insurers remains to be seen, said a new report from Navacord brokerage Lloyd Sadd. Catastrophic losses are making leading property insurers selective about the amount…
What makes the current claims environment so challenging?
December 2, 2022 Philip PoradoA convergence of global factors will cause above-average levels of claims inflation for the foreseeable future. Claims professionals who spoke with Canadian Underwriter said multiple market-dependent factors – including prolonged COVID-19 lockdowns in China, political instability, labour and materials shortages,…
Is cyber insurance underwriting headed in the right direction?
November 29, 2022 by Jason ContantNew exclusions and strict requirements to obtain cyber insurance have dramatically improved the sophistication of underwriting processes, but one large consulting and advisory firm is questioning whether this is the right approach for the market to take. “[Chief information security…