Canadian Underwriter

Driving on straight dirt road towards the ominous tornado storm through the cultivated fields of wheat and corn crops.
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Aon’s Bowen gives 2022 NatCat forecast

February 23, 2022 Philip Porado

Canada’s seen US$54 billion in economic losses due to weather events since 2010, Steve Bowen, Aon global head of catastrophe insight, told CatIQ’s Feb. 10 webinar, Catastrophes: Past, Present and Innovative Paths Forward. “That’s roughly half of all losses over

Satellite orbiting the earth
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New collaboration uses satellite data to develop new insurance products

February 9, 2022 by Jason Contant

Tokio Marine Holdings and ICEYE, a radar data provider and expert in NatCat solutions, have announced a commercial collaboration to develop new insurance products and services that utilize satellite data. ICEYE says Tokio Marine (whose Canadian branch has underwriting offices

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Should PACICC purchase reinsurance?

January 13, 2022 by Jason Contant

Canadian P&C insurers have expressed mixed views about whether the Property and Casualty Insurance Compensation Corporation (PACICC) should purchase reinsurance to mitigate the impact of a natural catastrophe-triggered default of a member insurer. However, a PACICC industry consultation paper found

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Outlook for reinsurers improves post-pandemic

September 8, 2021 James Langton, Investment Executive

Despite a recent string hurricanes, floods, wildfires and other natural disasters, the outlook for the global reinsurance sector is improving, according to rating agencies Moody’s Investors Service and Fitch Ratings. In a new report, Moody’s said the outlook for the