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Angela Stelmakowich, Editor
By Canadian Underwriter | January 13, 2016
3 min read
Insurers’ adoption of cloud, mobile and big data tools are set to grow, with more than half of surveyed insurers deploying some cloud-based systems, according to a recently released report from research and advisory firm Novarica. Although insurers continue to struggle with legacy systems, many are also deploying newer technologies, the report said. More than […]
By Canadian Underwriter | January 6, 2016
2 min read
A study released in December includes detailed estimates of economic costs of severe weather events in 2020 and 2040 in two major Canadian cities. Those forecasts account for projected effects of climate change.
By Amanda Dean, Vice President, Atlantic Canada, Insurance Bureau of Canada | December 31, 2015
5 min read
There was little change in commercial insurance premiums reported by carriers surveyed by Towers Watson & Co. in the third quarter of 2015 compared to the same period in 2014, while loss ratios improved overall by 1%. “Commercial insurance prices were nearly flat during the third quarter of 2015,” consulting firm Towers Watson stated of its […]
By Canadian Underwriter | December 14, 2015
Insurers are accelerating their plans to become more digital, driven by increased adoption of Internet of Things (IoT) technologies, data and analytics tools and digital-first distribution models, according to a report released on Wednesday by global professional services company Accenture. The report, titled Reimagining insurance distribution: Insurers accelerate the shift to a radically different distribution […]
By Canadian Underwriter | December 9, 2015
4 min read
BrokerLink announced Friday that it has acquired three full-service insurance brokerages operating in Ontario – Northwest Insurance Group Inc., McGregor-Miller Insurance Brokers Ltd. and Gray Insurance Brokers Inc. The three brokerages, which have a total of nine offices, will be integrated into BrokerLink, thereby increasing the existing network of Ontario offices to 78. The terms […]
By Canadian Underwriter | December 4, 2015
Bermuda insurer Arch Capital Group Ltd. announced Wednesday it has promoted Marc Grandisson to the position of president and chief operating officer effective Jan. 1. Grandisson is currently chairman and chief executive officer of Arch Worldwide Reinsurance and Mortgage Groups. Hamilton, Bermuda-based Arch writes specialty commercial insurance, as well as reinsurance. It owns Toronto-based Arch […]
By Canadian Underwriter | November 11, 2015
After running into some “brick walls” on getting buy-in from Canadian insurers to include a declaration of emergency endorsement into their commercial property & casualty policies, the Toronto Insurance Conference is asking a former president to raise the issue with the Insurance Brokers Association of Canada (IBAC). “The TIC had worked on the declaration of […]
By Canadian Underwriter | October 26, 2015
TORONTO – Airbnb is adding a new level of insurance coverage in Canada as part of wider support for people who list their properties through its service. The online accommodation provider announced Thursday that its Host Protection Insurance program, which launched earlier this year in the United States, would be rolled out in 15 more […]
By Canadian Underwriter | October 23, 2015
ACE Limited shareholders have voted at a special meeting to approve all proposals related to the company’s previously announced agreement to acquire The Chubb Corporation, ACE announced on Thursday. ACE reported that votes in favour of each agenda item exceeded 98% of the total represented and cast. The matters approved included the proposal to change […]
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