Industry
Hub International Limited announced Thursday it has acquired two Canadian-based home warranty businesses in a move that will help the company deliver comprehensive risk and insurance solutions to both the construction industry and homeowners. Both acquired companies offer warranties “through a rigorous inspection process that minimizes risk and loss in order to limit exposure to […]
By Canadian Underwriter | April 2, 2015
2 min read
A new report from Towers Watson has suggested that price-conscious buyers under 30 years of age are driving a fundamental shift in how insurance is bought. Many under-25s are far more risk aware and interested in financial security than previously thought, the study said The study, The shifting balance of power, surveyed 7,136 consumers across […]
4 min read
Europe’s four largest reinsurers, as well as the Lloyd’s market, posted “very strong underwriting results” in 2014, but they continue to face pressure from alternative sources of capital, A.M. Best Company Inc. suggested a report released Wednesday. “The major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized,” […]
By Canadian Underwriter | April 1, 2015
CAA Insurance Company (Ontario) announced on Wednesday that it is unveiling CAA Distinct – a comprehensive risk management solution for high net worth members in Ontario. CAA Distinct is a new insurance program designed specifically to address the complex risks faced by such clients, CAA said in a press release. Through CAA Distinct, members have […]
ACE Group announced on Monday the launch of its high net worth personal insurance capabilities in Canada through ACE Private Risk Services, which will offer insurance solutions for Canadians as well as Americans and other foreign citizens with properties in Canada. “Independent agents and brokers, and the financially successful individuals and families they advise, stand […]
5 min read
Insurers are in a position to transform business models but need to understand the importance of efforts around claims, the moment of truth for insurers, where they deliver on their promises to policyholders in terms of customer service and restoration, suggests a new report from Strategy Meets Action (SMA). Claims are the single most critical […]
IBM Corp. announced this week it will introduce a computing service “that helps insurance companies extract insight from connected vehicles” and that The Weather Company’s professional unit will integrate its data with IBM’s analytics and cloud services. Cloud computing is essentially a name for a service whereby organizations use someone else’s computer server and storage […]
3 min read
A career in insurance has proved a perfect fit for Clay Germain's entrepreneurial spirit and love of a varied environment.
By Angela Stelmakowich, Editor|Angela Stelmakowich, Editor | March 31, 2015
Ontario’s financial regulator has released an infographic to its website warning about the insurance risks related to ride-sharing programs. Ride-sharing services use an online app to connect passengers with drivers using their personal vehicles. The infographic, released last week by the Financial Services Commission of Ontario (FSCO), noted that “the services may signicantly impact your […]
By Canadian Underwriter | March 31, 2015
The recent slide in the price of oil will influence the Canadian economy over the next two years, but there may be a silver lining for the property and casualty industry in that the lower gas prices expected to follow could lead to an uptick in the demand for personal insurance products, suggests Gregor Robinson, […]
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