It’s a safe bet that Canada’s property and casualty insurers are in for big changes. How dramatic those changes will be, what form they will take and when they will ultimately unfold are expected to fall on many points along the spectrum. Building on hard data and emerging trends, insurance companies are blending old with new as they prepare for all shades of risk.
Will “big data” have a big impact on claims adjusters?
The tsunami failed to materialize and the shaking, although having a far reach, did not produce any significant damage. Not so for concern.
Unique challenges for mining insurers relate to the huge size, complexity and equipment of the projects they cover.
Consolidation in the property and casualty insurance industry has had a massive impact on independent adjusters in several ways – claims volume, pricing, national contracts and procurement models. Firms ranging from small shops to regional players to national (or multinational) companies are adapting quickly with a combination of new and proven strategies.
Demographics and the adjuster
CANADIAN MARKET Applied Systems acquires Compu-Quote Broker management software provider Applied Systems Inc. has acquired Compu-Quote Inc., a Canadian provider of comparative insurance rating solutions. Applied Systems announced the sale on June 5 after closing the deal on June 1.…
High-profile explosions at B.C. sawmills have seen some insurers bail out of the beleaguered market segment, although others seem poised to take advantage.
SCS Insurance Adjusters Ltd. is a family-run adjusting firm with long roots in northern Ontario and deep pride in being independently owned and operated.
Changes in consumer expectations are causing the Canadian property and casualty insurance industry to re-consider its traditional way of selling products. In turn, this is causing brokers to re-think their business model. But while some may be quick to proclaim: “It’s the end of the world as we know it,” brokers generally feel fine about how it will all turn out.
Staying true to its “small-office atmosphere,” Townsend & Leedham Adjusters Ltd. has staked out a solid presence in the Edmonton community.
The business of insurance fraud