The Straight Dope
December 8, 2016 Emily Atkins, EditorReefer, dope, Mary-Jane, weed, ganga, bud, airplane, Aunt Mary, doob, grass, herb, skunkweed, wacky tabaccy, Miley Cyrus…
Global insurtech market forecast to grow at compound annual growth rate of more than 10% between 2016 and 2020, new report suggests
November 24, 2016 by Canadian UnderwriterThe global insurtech market is forecast to grow at a compound annual growth rate of more than 10% between 2016 and 2020, according to a new report from global technology research and advisory company Technavio. The market research report, titled…
Real growth of direct premiums written in non-life insurance forecast at 1.7% for Canada in 2017 and 2.6% in 2018: Swiss Re
November 22, 2016 by Canadian UnderwriterReal growth of direct premiums written in non-life insurance in Canada is expected to be 0.8% this year, but up to 1.7% in 2017 and 2.6% in 2018, according to Swiss Re’s Global insurance review and outlook for 2017/18. The…
Chubb releases new suite of liability coverages for family offices in Canada
November 8, 2016 by Canadian UnderwriterChubb announced on Tuesday that it has released a new suite of insurance coverages to help family offices face liability exposures. “Family Office Amplifier is a flexible package of coverages that includes specialized terms and conditions that reflect today’s evolving…
The Co-operators acquires Assurance Aubin Insurance Brokers Ltd.
November 1, 2016 by Canadian UnderwriterCo-operators General Insurance Company announced on Tuesday that its wholly-owned subsidiary has purchased Assurance Aubin Insurance Brokers Ltd. The brokerage’s portfolio includes personal and commercial insurance policies, The Co-operators said in a press release. Assurance Aubin has locations in Hearst,…
AIG quadruples global property terrorism insurance limits to $1 billion
October 26, 2016 by Canadian UnderwriterAmerican International Group, Inc. (AIG) announced on Wednesday that it has raised its property terrorism insurance limits globally to $1 billion. The larger capacity is available to clients on a standalone basis or as expanded limits within AIG’s Large Limits…
Chubb reports P&C combined ratio of 86% for Q3
October 26, 2016 by Canadian UnderwriterChubb Limited has reported a property and casualty combined ratio of 86% for the third quarter of 2016 ending Sept. 30, virtually unchanged from 85.9% in the prior-year quarter. For Global P&C (excluding agriculture), the combined ratio was 85.7% for…
Most U.S. small business owners don’t have cyberattack response plan, new survey says
October 13, 2016 by Canadian UnderwriterMost small business owners in the United States (78%) still don’t have a cyberattack response plan, even though more than half (54%) were victim to at least one type of cyberattack, according to Nationwide’s second annual Small Business Indicator. The…
Canadian P&C industry combined ratio improves to 96% in 2015 from 99% in 2014
October 7, 2016 by Canadian UnderwriterThe property and casualty insurance industry in Canada reported an aggregated combined ratio of 96% in 2015, a three-point improvement from 99% in the previous year, driven by fewer severe weather and catastrophe events, the Office of the Superintendent of…
The Co-operators to provide insurance for First Credit Union clients
October 3, 2016 by Canadian UnderwriterThe Co-operators Group Ltd. announced Monday it “will be the exclusive provider” of property & casualty and life insurance for clients of First Credit Union subsidiaries in British Columbia. Guelph, Ont.-based Co-operators said it will be “exclusive provider for First…
Insurers have untapped opportunity to transform into solutions providers, not just sellers: consumers
September 20, 2016 by Canadian UnderwriterAlmost three-quarters of consumers taking part in a Bain & Company Inc. survey say they would value a platform for providing services well beyond insurance coverage, opening the door for insurers to transform themselves from just sellers into solutions providers.…
Hub International acquires New Dimensions Underwriters Ltd.
September 8, 2016 by Canadian UnderwriterGlobal insurance brokerage Hub International Limited has acquired Edmonton-based New Dimensions Underwriters Ltd. The terms of the acquisition of the managing general agency were not disclosed, notes a statement this week from Chicago-based Hub International, which provides property and casualty,…