Canadian automobile insurers wrote a combined $9.3 billion in earned premiums in 1998 while incurring losses of $7.0 billion. This 77.45 loss ratio ranks second only to accident & sickness as the worst loss experience category among all property &…
Dear Editor, The [June 1999] issue was excellent from cover to cover. I like the Autovision being separate rather than inserted. The subject matters are very different and while I read it from cover to cover as well, I did…
The pendulum on road safety from an insurer perspective is swinging back from mechanical design of vehicles to a more holistic view of driving skills and adequacy of road infrastructure, delegates were told at the Insurance Information Centre of Canada’s…
Recent months have seen increased pressure being brought to bear by the private property and casualty insurance industry to deregulate the monopoly positions of provincial government insurers. Due to its sheer size and control of one of Canada’s largest consumer…
In most industries, the Internet has become an important business tool. Employees have access to endless possibilities for research, for improved communications internally and externally, and to work from home. Security in access and transferring information has, however, been the…
The CICMA and CIAA 99 Joint Conference – held in Toronto in February – focused on the competitive challenges reshaping the p&c insurance industry. The overall message delivered at the event was clear: the process of industry change, mainly as…
Since Saskatchewan’s decision to introduce public auto insurance in 1946, the advancement of government insurers across the provinces has been a sharp thorn in the side of Canada’s private property and casualty insurance industry. The “socialist disease” of government-run auto…
News
The Insurance Bureau of Canada (IBC) has given a pat on the back to the Newfoundland and Labrador authorities who have adopted graduated licensing systems from January 1 of this year. Atlantic vice president of the IBC, Don Forgeron, says…