Industry
It might seem a paradoxical enterprise to "automate change." But this is exactly the kind of circle that brokers, insurers and tech vendors are attempting to square when they ponder how to give brokers the electronic means to submit real-time policy changes to insurers.
By Craig Harris | May 31, 2008
15 min read
Zurich Financial Services Group reported a 2008 Q1 net income of US$1.4 billion, an increase of 3% over its 2007 Q1 results. The general insurance unit of the company saw a 10% increase in gross written premiums and policy fees — from US$10.2 billion to US$11.2 billion for the quarter — “reflecting both organic growth, […]
May 31, 2008
1 min read
The sixth annual GK KOVA Cup drew employees from Aviva Canada and Giffin Koerth Forensic Engineering together on Apr. 16 at Moss Park Arena. Team Blue/Our Faults defeated Team White/No Faults by a score of 14-9. A post-game reception was held at the Pat Quinn Lounge, where Ron Koerth was given a special award for […]
HKMB HUB International held its 3rd annual Hockey Challenge for Charity at Toronto’s Air Canada Centre on April 21. After insurance industry colleagues chose to pit their hockey skills against one another for fun, HKMB organized their first Hockey Challenge for Charity game in 2006. Held at the RICOH Coliseum in 2007, the event raised […]
Alberta’s court ruling that eliminated the province’s Cdn$4,000 cap on minor auto injury claims has led some experts to estimate that mandatory coverages in that province are under-priced by 25%, said Julie Dickson, superintendent of OSFI. Dickson made the remark during a recent speech at the Langdon Hall Property and Casualty Insurance Industry Forum in […]
B. C.’s revised Insurance Act might not be passed until 2010 — roughly seven years after the Supreme Court of Canada found B. C.’s Insurance Act was antiquated and needed a re-write, B. C. political affairs columnist Vaughn Palmer told a convention of the Insurance Brokers Association of B. C. (IBABC) With much fanfare on […]
2 min read
EGI Financial Holdings Inc. (TSX:EFH) says it is poised to take advantage of the hardening market conditions now developing in 2008. “With competitive conditions persisting within the non-standard auto line of business, we have remained focused on continued diversification efforts and profitably growing our niche products division,” EGI Financial CEO Douglas McIntyre said in a […]
Gordon Findlay, the man behind Axiom, is hanging up his pen after 12 years of offering wisdom to the industry in the form of fiction
By Vanessa Mariga | May 31, 2008
6 min read
Asked not what they can do for claims-handling technology, but rather what claims-handling technology can do for them, people in the insurance industry speak of a future that includes an integrated, publicly accessible, Web-enabled exchange of claims information The Future of Claims Technology Disaster strikes, and a consumer needs to report a claim. He or […]
By David Gambrill | May 31, 2008
9 min read
60th Annual IBABC Conference & Trade Show, Kelowna, B. C.; Insurers and brokers wishing to recruit members of the FaceBook generation will need to appeal to the generation's sense of creativity, uniqueness and a desire to find meaning in their work, delegates at the IBABC's 60th annual trade show and conference were told. Also, CEO panelists wrestled with the increasingly thorny issue of Guaranteed Replacement Cost (GRC).
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