Demand for cyber insurance on the rise, going through the due diligence process has great value
September 30, 2015 Angela Stelmakowich, EditorCompanies in Canada are warming to cyber insurance – with more and more organizations expected to obtain coverage over the next few years – but they still need to ensure their exposure ducks are all in a row. “You have…
Applied Net
September 23, 2015 by Canadian UnderwriterApplied Net 2015 provides the opportunity to learn from and engage with subject matter experts and other Applied users from around the world. Presented by the Applied Client Network and Applied Systems, it’s our flagship conference and the world’s largest…
Insurance sector knows innovation important to being competitive, but struggling to innovate: KPMG
September 17, 2015 by Canadian UnderwriterSurveyed insurance executives understand the importance of innovation to drive future competitive advantage and growth, but most are struggling with making that goal a reality, reports KPMG International. A new report released Thursday, A new world of opportunity: The insurance…
Recreational Waivers
July 3, 2015 Robert A. Betts, Associate, Beard Winter LLPVendors of recreational activities, such as amateur athletics and extreme sports, can face legal actions in the event of accidents, including those resulting in injury. What are the issues around waivers in the recreational industry and what steps should be taken in support of a waiver defence?
Ontario’s 25-Year No-Fault Journey
May 1, 2015 Willie Handler, Consultant, Willie Handler and AssociatesOntario’s auto insurance system is unrecognizable, and it is time to stop tinkering. The concept of using an insurance system to provide a social safety net is flawed, perhaps requiring in its place a system where private insurance companies provide both third-party liability and physical damage coverage while a Crown corporation delivers accident benefits.
Thunderstruck
January 1, 2015 Scott Stransky, Manager and Principal Scientist, AIR WorldwideThe risk to insurers posed by severe thunderstorms in Canada is largely the result of an accumulation of losses from multiple events. Historical data on thunderstorm risk is available, but gaining a clear picture of the peril can be advanced through the use of reanalysis data.
Quake Stakes
November 1, 2014 Mary Lou O'Reilly, Senior Vice President, Issues Management and Communications, Insurance Bureau of CanadaExperts agree a big earthquake is coming to Canada. So why are people not getting prepared? Exactly where and when the “big one” will hit can only be surmised, but preparedness has been lackluster for an event that will undoubtedly prove costly for everyone from governments to consumers, insurers and reinsurers.
What to do about Water
May 1, 2014 Kevin Smart, Assistant Vice President, Personal Lines Underwriting Policy, Aviva CanadaLosses from water damage are not going away. Recent events – and an upward trend over the past decade – demonstrate a pressing need for a concerted response by the insurance industry and its partners to answer questions and determine a timeline to take real action.
Moves & Views
May 1, 2012 by Canadian Underwriter1 On Side Restoration Services Ltd. is continuing to expand, most recently opening its doors in Atlantic Canada. The company acquired A&R Services Ltd. on Apr. 1, completing On Side’s stretch from coast to coast. “This is the first acquisition…
Moves & Views
January 1, 2012 by Canadian UnderwriterCSL Global has launched a new business operation in Canada. CSL Global (Canada) Ltd will operate initially from key offices in Toronto and Vancouver, and will provide a range of specialist marine survey and claims handling services including cargo, transit,…
Priming Performance
December 1, 2011 by Canadian UnderwriterCanadian property and casualty insurers are racing through an obstacle course in 2012. Many insurance company executives are responding by priming their performance – including the development of new products, services and technology to help see consumers and brokers through turbulent times.
Insuring Bullion, Bars and Baubles
December 1, 2011 Anton Antonov, Underwriter, Fine Art & Specie (FAS) Insurance Unit, XL Group plcAs gold prices rise, the number of thieves looking for a way to make a quick buck has increased as well. Specie coverage can help protect against gold theft losses.