On The Move (January 01, 2001)
January 1, 2001 by Canadian UnderwriterCanadian Independent Adjusters Association past president David Buzzeo passes the gavel to new president Paul Hancock at the association’s recent conference in Edmonton, AB. Jill Hepburn has been appointed vice president, underwriting and technical services for the Facility Association. Hepburn…
Outsourcing finding efficiency
January 1, 2001 David CarrThe recent advancement of outsourcing within the property and casualty insurance industry – which today has seen the breadth of functions affected ranging across the various areas of the business compared with the past’s narrow application to the investment management…
FINDING RELIGION
January 1, 2001 Vikki SpencerInsurers look to the bottom-line
The Year of Business
January 1, 2001 Sean van Zyl, EditorFirst came the “dot.com startups”, then came the “dot.com crashes”. The year that Internet business is expected to break the backbone of traditional business operators has been widely and inaccurately predicted for some time, speakers at the Insurance Information Centre…
Measuring Hazards: Developing Loss Prevention Statistics
January 1, 2001 by Canadian UnderwriterThere are few industries in the world that can flow though an individual’s arteries like the business of insurance. The philosophies have been passed down for hundreds of years from generation to generation. But, as the world of risk transforms,…
Reinsurance Strategies
December 1, 2000 Vikki SpencerInadequate rates, worldwide catastrophic losses and consolidation in the primary market created dismal results for reinsurers in the past few years. But could there be a light on the horizon? CU’s survey of Canadian reinsurance CEOs suggests change is in the wind, with rates set to rise this year and companies charting a course for profitability in the future.
Has the “Cycle” broken?
December 1, 2000 Steve Hammond, leader of commercial underwriting practices at RoThere is evidence to suggest that the traditional business planning cycle has been bent so far out of shape as to become irrelevant to property and casualty insurance. Faced with the “end of the cycle”, insurers need to find a new barometer.
Reinsurance outlook: Low Rates & High Losses
December 1, 2000 Glenn McGillivray, head of corporate communication at Swiss ReinA one-on-one interview with Franklin W. Nutter, President of the Reinsurance Association of America (RAA).
Kingsway on fast-track
December 1, 2000 by Canadian UnderwriterSpecialty insurer Kingsway Financial Services Inc. (TSE: KFS) reported a 48% increase in net income to $20.1 million for the nine month period ended September of this year compared with $13.6 million disclosed for the entire 1999 financial year. This…
IBAO, pulling together
December 1, 2000 Vikki Spencer“All hands on deck” was the central message delivered at the recently held 80th annual Insurance Brokers Association of Ontario (IBAO) convention. Under the theme “Pulling Together”, the province’s independent brokers joined to discuss issues including education, e-commerce and the upcoming federal election. In the face of what one speaker called “blinding change”, brokers must band together to ensure their voice is heard by regulators, insurers and consumers.
Gazing into the future
December 1, 2000 Vikki SpencerLooking into the crystal ball, Ted Belton sees a bright future for the Canadian property and casualty insurance industry – and a busy future for himself. Although officially retired from his post as director of research for RBC Underwriting Management…
The “REAL DEAL”?
December 1, 2000 Sean van Zyl, EditorNot unlike the frustration and confusion expressed by the investment markets during the inconclusive and back-biting legal play that ended the race for of the U.S. presidential election, Canadian primary insurers have waited with baited breath from the middle of…