Canadian Underwriter


News InsuranceTechnology

The case for scaling intelligent automation technologies

April 2, 2019 by Jason Contant

There is a direct correlation between scalability of intelligent automation (IA) technologies and financial performance, a new KPMG International study has found. Based on a survey of nearly 600 business leaders (including 100 top-level executives) across 13 countries, including Canada,

News InsuranceLegislation / Regulation

Major auto coverage change now in effect in this province

April 1, 2019 by Greg Meckbach

Auto coverage is changing for British Columbia motorists effective today. Accident benefits coverage from Insurance Corporation of B.C. has more than doubled from $300 per week to $740 a week. That is one of several changes – for claims made

News BrokersInsurance

How this insurer tries to “wow” brokers and customers

March 28, 2019 by Jason Contant

Offering consistency and going back to basics are just two of the ways Trisura Guarantee Insurance Company tries to stay one step ahead of the competition. Basic things like responding promptly to brokers’ inquiries can make a significant difference, suggested

News Insurance

AIG Canada to stop underwriting new individual personal policies

March 28, 2019 by Jason Contant

AIG Canada is pulling out of writing personal lines business in Canada. AIG communications director Lynn Woodburn confirmed to Canadian Underwriter Wednesday evening that it would no longer underwrite new policies in personal lines. This confirmed speculation among brokers that

News Commercial LinesInsurance

These Lloyd’s syndicates have shut down

March 27, 2019 by Greg Meckbach

Toronto-based Fairfax Financial Holdings is among the insurers who own Lloyd’s syndicates that were shut down at the end of 2018. The Corporation of Lloyd’s released Wednesday a list of the eight syndicates that stopped trading as of Dec. 31.

News ClaimsTechnology

What ransomware attacks cost your clients

March 21, 2019 by Jason Contant

Brokers selling cyber insurance may want to pay attention to a recent statistic: the average financial cost of downtime to a Canadian business following a ransomware attack is 7.5 times higher than the average ransom requested per incident. Canada not

News Insurance

Trisura Guarantee announces new CEO

March 19, 2019 by David Gambrill

Trisura Guarantee Insurance Company has appointed Chris Sekine as president and CEO. He succeeds Mike George, who will continue to work with Trisura Guarantee on a consulting basis. Sekine has led Trisura Guarantee’s surety group since its inception. He has

News InsuranceMGAs

How this broker is binding Lloyd’s policies online

March 19, 2019 by Greg Meckbach

A Calgary-based Lloyd’s coverholder has re-launched its website to make it easier for brokers to bind policies for special events without having to deal with a lot of paper forms. PAL Insurance Brokers Canada Ltd. has allowed clients to apply

News BrokersInsurancePodcast

Cannabis: Top 3 insurable risks — Part 2 of 2 [podcast]

March 14, 2019 Canadian Underwriter

You have a potential new client base — cannabis-producing operations. Fresh after the legalization of marijuana in Canada, these new businesses cultivate, produce, pack, and then transport the cannabis product to the customer or retailer. What specific insurance needs do

News InsuranceTechnology

What insurtechs can learn from hackathons

March 13, 2019 by Greg Meckbach

Editor’s Note: This article has been updated. A previous version incorrectly stated that duuo was launched at Slice Labs’ launch studio in Toronto. CU apologizes for the error. If you want to develop a new digital insurance product, it shouldn’t

News Insurance

Institute serves up a new look to insurance education

March 12, 2019 by David Gambrill

Perhaps you have noticed something different lately about some of the course materials for your Chartered Insurance Professional (CIP) designation? If you open up your new textbook for the CIP course, Underwriting Essentials, for example, you will notice something new

News Insurance

How RSA plans to shore up its personal lines results in Canada

March 11, 2019 by David Gambrill

Expect RSA in Canada to take remedial underwriting actions in its personal lines portfolio – including auto rate increases of between 3% and 16%, and potentially selected broker cancellations – in order to shore up results after a tough year