Industry
Insurers may be making progress on building links between risk appetite and business operations, but the second leg of a Towers Watson survey on enterprise risk management (ERM), released Monday, demonstrates there is a long way to go to tie risk performance metrics into effective reporting systems. Of those insurers taking part in Towers Watson’s […]
By Canadian Underwriter | June 23, 2015
5 min read
The government of Saskatchewan announced on Monday that people who serve and sell alcohol in licensed establishments in the province will soon be required to complete server intervention training in a bid to help curb impaired driving. Serve it Right Saskatchewan (SIRS) is a course designed to help curb underage drinking, reduce overconsumption, impaired driving […]
By Canadian Underwriter | June 22, 2015
2 min read
New Brunswick’s Office of the Premier said on Friday that recent changes to the Insurance Act will “enable the introduction of a more efficient licensing system for the insurance industry” and “provide stakeholders with a modernized and more flexible method of obtaining their licence to work in the insurance industry in New Brunswick.” Premier Brian […]
BAE Systems is bringing cloud-based cyber security to commercial organizations in Canada for the first time with the introduction of a suite of security products, initially focusing on email protection, designed to defend against targeted attacks. The new offerings come largely as a result of BAE Systems’ acquisition of SilverSky, notes a statement Monday from […]
Swiss Reinsurance Company Ltd. has taken an important step towards its business aspirations related to the company’s high-growth market strategy with the confirmation Monday that it is the first Swiss company to be granted a Renminbi Qualified Foreign Institutional Investor (RQFII) licence. Having the licence in place means Swiss Re “can proceed and apply for […]
1 min read
United States-based Crawford & Company has expanded its aviation expertise with the recent acquisition of GAB Robins, a move demonstrating Crawford’s commitment to the aviation industry and one that will allow the company to offer clients a wider range of disciplines. Crawford Global Technical Services (GTS) last week officially launched its new global aviation team, […]
TORONTO – A report from Canada’s Senate says Ottawa should use a “light touch” when considering any regulation of Bitcoin and other digital currencies, to avoid stifling the growth of these new technologies. The report recommends that the federal government should employ “almost a hands off approach” when it comes to virtual currencies, monitoring the […]
By Canadian Underwriter | June 19, 2015
3 min read
The Transportation Safety Board of Canada (TSB) said that a wheel with an undetected defect was responsible for a derailment and fire involving a Canadian National (CN) train near Plaster Rock, N.B. in January 2014. In its investigation report released on Friday, the TSB said that a wheel on the 13th car shattered due to […]
Gen Y customers – those born between 1977 and 1994 – are the driving force behind an increase in overall auto insurance satisfaction in the United States due to improvement across all customer service interaction channels, according to the J.D. Power 2015 U.S. Auto Insurance Study released on Friday. The study – based on responses […]
More than half of respondents to Xuber’s latest Global Reinsurance Survey 2015 are planning major IT investment over the next 18 months, in line with the fact that two-thirds of those polled agree or strongly agree that technology drives the success of their businesses. Xuber, Xchanging’s international insurance software business, released the third and final […]
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