Coming Events (February 01, 2000)
February 1, 2000 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Ontario Insurance Adjusters Association:…
Technology: Reaching for the Future
February 1, 2000 Lowell ConnThe answer to industry automation might never have been the Synchron Project or any vendor based initiative. There is rising sentiment that it always was the internet. This industry-wide realization has struck home, and insurers are now rushing to get…
The three sided E-COIN
February 1, 2000 Sean Laughlin, business development manager, E-Business SolutionBuy-side, inside, and sell-side technology strategies are three systems today’s insurers are utilizing to create and maintain their competitive advantage.
ReplacementFinder joins the e-business fold
February 1, 2000 Kathryn SchroederFinding replacements for insured damaged products, at competitive prices, is a constant challenge to the insurance industry. The costs can have a severe affect on company bottom lines. “If adjusters had the ability to comparison shop among competing suppliers in…
BIP Branding: The Pendulum SWINGS
February 1, 2000 Mabel Sansom, executive director Insurance Brokers Association oOn February, 28, the Insurance Brokers Association of Canada will launch its new television campaign, running until June 11, on network and specialty television. The campaign will be supported by a strong print campaign explaining the benefits of dealing within the independent broker channel. The campaign is intended to do one thing — brand the BIP logo in the consumer minds and direct them towards unbiased, professional advice when purchasing property & casualty insurance.
Turn the Headlights On
February 1, 2000 Sean van Zyl, EditorArecently held KPMG seminar on e-commerce application opened with a quote from Bill Gates: “Business is going to change more in the next ten years than it has in the last fifty…If the 1980s were about quality and the 1990s…
RIMS releases benchmarks
January 1, 2000 by Canadian UnderwriterThe cost of risk has risen in the U.S. but dropped in Canada, according to the recently released Risk & Insurance Management Society (RIMS) 1999 Benchmark Survey. The annual report, co-authored by Ernst & Young, polled 737 American and 79…
GETTING TO GRIPS WITH CLAIMCOSTS
January 1, 2000 Sean van Zyl, EditorWith little room to maneuver on premium growth and enhancing investment returns, property and casualty insurers are likely to turn their attention in the year ahead to better risk selection and improved claims handling efficiency to boost bottom-line performance, industry…
Coming Events (January 01, 2000)
January 1, 2000 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Ontario Risk & Insurance…
The Distribution Challenge Of 2000
January 1, 2000 Sean van Zyl, EditorThe North American Insurance Conference, recently held in St. Petersburg Beach, Florida, drew an equal crowd of Canadian and U.S. insurance attendees, the event speakers covering a broad range of subjects from reinsurance market conditions through to the impact of…
Strong Winds are Blowing
January 1, 2000 Paul Kovacs, executive director of the Institute for CatastrophiWith the 1999 hurricane season recently closing with the last minute arrival of Hurricane Lenny causing considerably and unexpected damage in the Caribbean, the timing of the recently jointly held Institute for Catastrophic Loss Reduction (ICLR) and Insurance Bureau of…
The Trials of Industry Mergers Acquisitions
January 1, 2000 David Carr1998 proved to be a record year for mergers and acquisitions (M&As) in the insurance industry, with total transactions exceeding US$150 billion. But the pace of insurance M&As sputtered in the second half of 1998, failing to pick up any real momentum in 1999. What lies ahead for 2000?