Industry
While Canadians may head online to compare prices on flights or when booking a hotel, most aren’t researching their options before buying financial products, according to a new survey from comparison site LowestRates.ca. The online survey, conducted last month by market research company Ipsos on behalf of LowestRates.ca, used a sample of 2,002 Canadians aged […]
By Canadian Underwriter | August 16, 2017
2 min read
The provincial government announced on Tuesday that it has finalized the terms of reference for the automobile insurance review for Service NL and the provincial Board of Commissioners of Public Utilities (PUB). Government has directed PUB to begin its review and provide a report on auto insurance in Newfoundland and Labrador as part of its […]
4 min read
Can a single catastrophic event turn the reinsurance market? With the influx of capital, excess capacity and competition for business high – perhaps as high as it has ever been – is the notion that an event can right the ship a possibility anymore? Likely not; a shift has occurred, bringing with it the new […]
By Angela Stelmakowich, Editor | August 15, 2017
3 min read
Exploring the use of technology and reaching out to like-minded groups will be top of mind for Monica Kuzyk, the incoming president of the Canadian Independent Adjusters’ Association.
By Greg Meckbach, Associate Editor | August 12, 2017
5 min read
Sonnet Insurance Company announced on Friday that Roger Dunbar has been appointed to lead the company, Economical Insurance’s digital direct channel, effective Monday, Aug. 14. “With a career focused on digital innovation and improved customer experience, Dunbar will lead a multi-year strategy to establish Sonnet as the leading Canadian digital insurer,” Sonnet said in a […]
By Canadian Underwriter | August 11, 2017
Hannover Re has reported a 17.3% increase in property and casualty reinsurance gross written premiums (GWP) for the first half of the year to 5.4 billion euros from 4.6 billion euros in H1 2016. “The main driver was once again the rise in demand for structured reinsurance solutions in Europe and North America, which more […]
By Canadian Underwriter | August 10, 2017
Toronto-based Echelon Financial Holdings Inc. has reported a combined operating ratio of 93.5% for the second quarter of 2017 ending June 30, a 4.2 point improvement from 97.7% in Q2 2016, driven by strong results in personal auto and commercial property and liability. The insurer, which operates in the property and casualty insurance industry in […]
Officials with Fairfax Financial Holdings Ltd., which recently bought a majority interest in Allied World Assurance Company Holdings AG, “want to look at how” they can “organically expand” the firm’s existing business, chairman Prem Watsa told financial analysts recently. Toronto-based Fairfax is the corporate owner of Northbridge Insurance and Stamford, Conn.-based OdysseyRe. Fairfax’s other holdings […]
While reinsurance industry players must remain alert to what sometimes seems an endless stream of change, that focus should not distract them from taking timely action on lessons that have already been learned.
By Jason Contant, Online Editor; and Angela Stelmakowich, Editor | August 10, 2017
6 min read
In a paper released Wednesday, Canada’s insurance regulators’ association suggests that insurers need to better educate consumers so they can understand the terms – including limitations, exclusions and deductibles – of their property insurance contracts, while sharing aggregated property risk data can help with updating building codes. In Findings Report & Position Paper: Natural Catastrophes […]
By Canadian Underwriter | August 9, 2017
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