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Tritech has just enhanced its enterprise wide solution, GIMS (General Insurance Management System), to include a Web Reporting Portal. Insurers ability to generate data and report on it is increasing by the week, announced Tritech, a Toronto-based firm that has provided enterprise technology solutions to the property and casualty insurance industry for 15 years. What […]
By Canadian Underwriter | April 20, 2007
2 min read
The costs of insurance insolvency in Canada have been substantially lower than most countries, but the insolvency of insurance companies in this country has been on the rise over the past few decades, according to a report by the Property and Casualty Insurance Compensation Corporation (PACICC).PACCICs 2007 report, Why Insurers Fail, was released at its […]
By Canadian Underwriter | April 19, 2007
1 min read
The Insurance Corporation of British Columbia (ICBC) is crediting its anti-fraud programs with saving motorists more than $75 million. Savings are based on the estimated value of fraudulent claims that were denied, money recovered and savings generated through fraud prevention. According to an ICBC release, anti-fraud efforts led to 104 convictions against 64 defendants last […]
By Canadian Underwriter | April 16, 2007
Allstate Insurance Company of Canada has developed an alliance with LifeCall, a national provider of personal emergency response systems. Allstate policyholders are now able to access an exclusive, value-added offer for personal emergency response services provided by LifeCall. In an emergency, the system will dispatch the required emergency service, whether it is police, fire or […]
By Canadian Underwriter | April 12, 2007
New research from advisory services firm TowerGroup says the time is right for U.S. property and casualty claims insurers to engage in a more concerted, holistic effort to exploit mobile technology in the claims process.Karen Pauli is a senior analyst in the TowerGroup Insurance research practice and author of the research. She notes that although […]
By Canadian Underwriter | April 4, 2007
KRG Insurance Brokers Inc. has purchased the property/casualty non-transportation business from Safety Insurance Service (1959) Ltd.Effective May 1, 2007, this acquisition reinforces KRGs desire to expand its commercial client base, while drawing upon our expertise in handling commercial and VIP personal asset accounts, Paul Martin, president and chief operating officer of KRG, said in a […]
Canadian property and casualty direct premiums in 2006 “were essentially flat, growing only an anemic 1%,” according to a report by MSA Research Inc. MSA Research noted that in 2006, direct premiums written in Canada totalled Cdn$30.1 billion, as opposed to the 2005 total of Cdn$29.8 billion. Net premiums written amounted to Cdn$27.2 billion in […]
March 31, 2007
Royal & SunAlliance Canada reported a strong performance in 2006, with premium growth of 9% and a combined operating ratio of 92%. Royal & SunAlliance Canada reported an underwriting profit of Cdn$100 million, which is 75% above that of the previous year. Net written premiums were up 9%, to Cdn$1.4 billion, with Cdn$262 million in […]
Canadian property and casualty direct premiums in 2006 were essentially flat, growing only an anemic 1%, according to a report on the preliminary year-end results posted online by MSA Research Inc.MSA Research noted that overall, in 2006, direct premiums written in Canada totalled Cdn$30.1 billion, as opposed to the 2005 total of Cdn$29.8 billion. Net […]
By Canadian Underwriter | March 15, 2007
Royal & SunAlliance Canada reported a strong performance in 2006, with premium growth of 9% and a combined operating ratio of 92%.Royal & SunAlliance Canada reported an underwriting profit of Cdn$100 million, which is 75% above that of the previous year. Net written premiums were up 9%, to Cdn$1.4 billion, with Cdn$262 million in new […]
By Canadian Underwriter | March 8, 2007
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