Canadian Underwriter


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Insurance fraud: The Insider Job

January 1, 1999 Linden Rees, president of Underwriters Fraud Control Inc.

Last November I provided a presentation in Boston, Mass. on “Automated Fraud Control” to an audience of senior American insurance executives. While all nodded in agreement with my salient points, that being internal fraud within the insurance industry is on the rise and needs to be addressed sooner than later, I was left with the feeling that most of the listeners were too aghast at the thought that their employees might be capable of stealing.

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SIZING UP IN: a TUG of WAR

January 1, 1999 Lowell Conn

A battle of brawn and wits has begun among service providers to the insurance industry in response to the rapid consolidation taking place at the primary company level.Faced with a changing landscape, service providers are looking for new opportunities and

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Do virtual insurers dream of electric premiums?

January 1, 1999 by Canadian Underwriter

Tomorrow’s insurers may become virtual companies that interact electronically with customers, while driving down costs and improving speed to market, a leading business futurist predicted at the opening of the U.S. Insurance Services Office Inc.’s (ISO) InsTech98 Conference. Dr. Bill

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Claims management and the Environment

January 1, 1999 Cecil Jaipaul,

In the early days of environmental underwriting companies were often unaware of the full risk involved. For many companies the risks they took on and subsequent claims were not foreseen. For others, while the possibility of large claims may have

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Insurer concerns taxi for take off

January 1, 1999 Sean van Zyl, Editor

Consolidation and cost cutting became the corporate buzzwords of the 1980s and 1990s, with operators from insurance to retail-chains through to the aviation industry embracing downsizing and cheaper marketing and delivery systems. The aviation business emerged from this process, particularly

$Vector share price
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GA & Vector strike pact

January 1, 1999 by Canadian Underwriter

Listed broker-network Vector Intermediaries Inc. has struck a deal with General Accident Group (GA) which could cure the network’s cash woes. The deal, which could inject up to $35 million into Vector’s coffers, includes a $20 million loan facility made