Canadian Underwriter


News BrokersInsuranceMergers and Aqcuisitions

Canadian carriers increasingly targeting insurers and brokerages for M&A

August 29, 2018 by Jason Contant

Canadian P&C companies are increasingly targeting insurers and brokerages for mergers and acquisitions, although the interest in targeting insurtechs is rising, according to a new report from ratings firm A.M. Best Company. A.M. Best released its market segment report for

News InsuranceTechnology

How to avoid the “broken arrow” approach to new technology

August 29, 2018 by David Gambrill

If you’re an insurance organization looking to adopt innovative new technology such as artificial intelligence, you’ll want to avoid the “broken arrow” approach to implementation. In some instances, organizations may put the cart before the horse, with IT departments developing

News BrokersInsurance

The evolution of the commercial broker

August 28, 2018 by David Gambrill

Commercial insurance brokers will move beyond their sales role in the future and become true advisors on risk, industry executives predict. Signs of a hardening commercial insurance market provide one impetus for brokers to turn to risk advice to add

News InsuranceLegislation / Regulation

Why Canadian insurers want to play in a “regulatory sandbox”

August 27, 2018 by Jason Contant

The Insurance Bureau of Canada (IBC) wants a “regulatory sandbox” for the P&C insurance industry, something currently not accessible to insurers. “Sandboxes relax specific legal and regulatory requirements to create a safe and conductive space for innovative ideas, enabling companies

News InsuranceTechnology

Insurance technology awards make final call for entries

August 22, 2018 by Greg Meckbach

Two yet-to-be named Canadian firms, which are using information technology to get “intelligence” from insurers’ data, will be recognized next month in Toronto. Insurance Nexus is accepting nominations for Canadian Insurance Carrier of the Year and Canadian Insurance Innovator of

News Insurance

The better way to sell insurance to Millennials

August 20, 2018 by Jason Contant

If the insurance industry wishes to sell more products to Millennials, the industry must adapt to what Millennials want, and not the other way around, according to a recent white paper from Cake & Arrow, a New York City-based agency

News InsuranceRiskTechnology

Innovation, yes. But don’t forget to manage the risks.

August 10, 2018 by Jason Contant

While Canadian organizations are investing in emerging technologies and innovation, few of them are managing the associated risks, a report from PwC Canada suggests. Jennifer Johnson, a partner and national financial services leader with PwC Canada, says that when she

News AppointmentsInsurance

Zurich Canada names new CEO

August 7, 2018 by Jason Contant

Zurich Insurance has appointed Saad Mered as CEO and chief agent of Zurich Canada, effective Oct. 1, 2018. Mered is currently chief claims officer for Zurich Insurance Group. He will be assuming the chief agent role from David Levinson, who

News AssociationsInsuranceMarkets / Coverages

How Ontario’s new government needs to handle the auto file

August 6, 2018 by Jason Contant

Although Ontario’s new Progressive Conservative government has not publicly disclosed its plans for auto insurance reform, the industry’s trade association has some thoughts on where it should go. Pete Karageorgos, director of consumer and industry relations with Insurance Bureau of

News EmploymentProfessional DevelopmentRiskTechnology

Why Canadian companies need to ‘digitally upskill’ their staff

August 2, 2018 by Jason Contant

While a majority (85%) of Canadian organizations are investing in emerging technologies, few of them are managing the risks associated with technology, such as cybersecurity threats and lack of talent, a recent PwC Canada report has found. The Full Risk

News Earnings / RatingsInsuranceLegislation / RegulationMarkets / Coverages

Aviva Canada’s plan to decrease its exposure in Ontario auto

August 2, 2018 by David Gambrill

Aviva Canada is diversifying its portfolio of business to avoid exposure to deteriorating conditions in Ontario’s auto insurance market. “When you look at Aviva’s business in Canada, there’s a heavy concentration in Ontario auto,” Aviva Canada president and CEO Colm

News AssociationsBrokersInsuranceTechnology

Why carriers should share with their competitors

August 1, 2018 by Greg Meckbach

Insurance carriers selling through brokers should share, with competitors, some of the software they make to exchange data with brokers’ computer systems, speakers suggested Wednesday at the Data Exchange (D/X) launch. “We need to communicate more quickly and efficiently with