Redefining Catastrophic
October 1, 2015 Greg Meckbach, Associate EditorQuestions remain around how the new criteria to determine catastrophic impairment will shake out. Whatever one’s views – determining catastrophic impairment is clearer or less clear – a period of adjustment, likely years, is expected to be required before questions are answered.
Information at risk of breach when in transit on public networks: IDT911
September 28, 2015 Angela Stelmakowich, EditorBeing in transit can be a risky venture when it comes to information, suggests Brian Huntley, senior information security advisor for IDT911 Consulting. “Information is especially at risk of breach when it is in transit on public networks, and when…
Aon Benfield identifies seven emerging risk opportunities for insurance growth
September 21, 2015 by Canadian UnderwriterAon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has identified seven emerging risks that present re/insurers with business opportunities over the next five to 10 years: United States mortgage credit, the sharing economy, reputation and brand,…
U.S. study explores ways to build resilience to wildfire, recommends developing a sustainable strategy: Swiss Re
September 18, 2015 by Canadian UnderwriterMost states in the United States lack a sustainable financial strategy to respond to the changing climate landscape, including wildfires, notes a study released Thursday by Swiss Re and Johns Hopkins School of Advanced International Studies (SAIS). “Although individual decision-makers…
Moves and Views
September 1, 2015 by Canadian Underwriter1 Travelers Canada chief executive officer Brigid Murphy [1a] is retiring from CEO duties, chief operating officer (COO) Duane Sanders [1b] is replacing Murphy and Heather Masterson [1c], most recently with Totten Insurance Group Inc., is taking on the COO…
Moves and Views
August 1, 2015 by Canadian Underwriter1 Paul Taylor [1a] assumed duties as president and chief executive officer of Western Financial Group July 6. Taylor will oversee Western Financial’s network of insurance brokerages, as well as lead all company business units, including Western Financial Group Insurance…
Water Logged
July 3, 2015 Angela Stelmakowich, EditorThere is no getting away from water in Canada’s property and casualty insurance industry. Protection is available for much of the damage that water can do on the residential side, but not all. Will the overland flooding options now becoming available help cap the flow or will leaks in coverage remain? And what might this evolving environment mean for insurers and reinsurers alike?
Capitalizing on Claims Data
May 31, 2015 Craig Harris, Freelance Writer|Craig Harris, Freelance WriterAfter initially focusing on underwriting and pricing, many insurance companies have expanded their view of data analytics to loss management. The claims handling process represents a rich area for data modeling tools that can provide better insight into everything from adjuster assignment and operational efficiency to fraud detection and subrogation. How does data analytics fit into the claims management process for insurers – and adjusters?
Driving Forward
May 1, 2015 Angela Stelmakowich, EditorTelematics is revving up. Fuelled by the promise of securing consumer loyalty and gaining competitive advantage, offerings from traditional and non-traditional players in the property and casualty space are meant to help position companies for the future. But will current regulatory restrictions serve to stall out the possibilities?
Brokers in Action
April 1, 2015 Greg Meckbach, Associate EditorAs ever, insurance brokers across the country are grappling with a wide variety of issues. Some issues are ongoing while some are emerging; some are regional while others are country-wide. The one constant is the need for brokers to continue to act as trusted advisors and to provide sound advice so that customers know the risks, understand coverage and have access to a wide choice of products.
Entrepreneurial Spirit
April 1, 2015 Angela Stelmakowich, EditorA career in insurance has proved a perfect fit for Clay Germain’s entrepreneurial spirit and love of a varied environment.
Push and Pull
April 1, 2015 Angela Stelmakowich, EditorFor those in the property and casualty insurance industry, be it broker, company or vendor, it is an oft-asked question that, once answered, is simply asked once again: What do customers want? In Canada’s ever-changing p&c environment – a place…