Industry
The Financial Services Commission of Ontario reports the decrease in private passenger auto premiums was 0.54%, for insurers with rate changes approved or ordered by the regulator during the last three months of 2014. FSCO recently released its overview of Q4 2014 rate changes for 16 insurers, representing 46.81% of total premium volume. Those insurers […]
By Canadian Underwriter | January 21, 2015
3 min read
Quebec-based general and personal insurance comparison site Clicassure.com has expanded to the Ontario market, operating as ClickInsurance.ca. The site operating in Quebec since 2007 currently has more than 100 partners, including brokers, agents and direct insurers. Clicassure.com generates roughly 4,000 quote requests per week, the company says. Those requests are then shared with a maximum […]
By Canadian Underwriter | January 20, 2015
1 min read
A year after a 6.2-magnitude earthquake struck the lower North Island of New Zealand, the country’s Earthquake Commission has said that the majority of claims – amounting to $8.2 million – have been paid. The Earthquake Commission received 5,240 damage claims from the quake that hit on Jan. 20, 2014, 15km east of the town of […]
Independent Broker Resources Inc. (IBRI) has launched a new product, dubbed “fleetadvisor”, a fleet management telematics offering that uses technology from Quindell. “Fleet managers can reduce operational risk associated with fleet management, reduce administration costs and improve vehicle health,” by using the offering, according to IBRI, which is a subsidiary of the Insurance Brokers Association […]
SCM Insurance Services announced Tuesday that Bob Fitzgerald has been appointed chief executive officer, succeeding founder and CEO Larry Shumka, who will become the corporation’s first-ever executive chairman. Fitzgerald – most recently the president of SCM’s adjusting and claims management firm ClaimsPro – will manage the transition together with Shumka throughout this year, SCM said […]
2 min read
EGI Financial Holdings Inc. announced Monday that George Kalopsis has resigned as president and chief operating officer of Echelon General Insurance Company, EGI’s property and casualty insurance subsidiary. “George has been a strong contributor to the company, a respected mentor to many and a great colleague to all,” Steve Dobronyi, the company’s CEO, said in the statement. “He […]
By Canadian Underwriter | January 19, 2015
The CIP Society, part of the Insurance Institute, has launched a new initiative to improve and expand mentoring within the Canadian property and casualty insurance industry. The new “Mentoring Advantage” website includes resources for mentors, mentees and organizations. “For employers, mentoring provides the opportunity to tap into their own pool of experienced professionals to facilitate […]
By Canadian Underwriter | January 16, 2015
Making the insurance industry an attractive one in which to work for the millennial generation continues to be a challenge for property and casualty executives, the Insurance Information Institute suggests. The issue was one of several discussed by senior insurance executives at the recent Property/Casualty Joint Industry Forum in New York City, according to a […]
LONDON – Following a year marked by the conflict in Ukraine and the rise of the Islamic State, geopolitical issues are considered to be the biggest threat to global stability over the coming decade, according to experts polled by the World Economic Forum. In its 2015 Global Risks Report, published Thursday, the WEF found “interstate […]
By Canadian Underwriter | January 15, 2015
Unica Insurance has achieved certification for its eDocs solution from the Centre for the Study of Insurance Operations. “Unica is very proud to receive formal recognition of our eDocs solution by CSIO’s Certification program,” Martin Delage, president and COO at Unica Insurance said in an announcement from CSIO this week. “Since our initial roll-out back […]
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