Industry
Employees with advanced degrees in analytics and data science are increasingly attractive to property and casualty insurers in North America, according to a new study from Strategy Meets Action. P&C insurers plan to increase the percentage of staff for big data projects with advanced degrees and training from 21% to 51% by 2016, according to […]
By Canadian Underwriter | October 1, 2014
1 min read
The cost of managing and mitigating information technology security breaches is increasing with the average financial losses for large firms participating in a survey at $5.9 million in 2014, PriceWaterhouseCoopers LLP suggested in a report released Tuesday. The Global State of Information Security Survey 2015 was compiled in conjunction with CXO Media Inc.’s CIO and […]
2 min read
Ontario brokerage Cornerstone Insurance Brokers Ltd. has announced the purchase of Hartwell Thayer Insurance and Financial Services Limited. Terms of the transaction, which closed Monday, were not disclosed. The Aurora, Ont.-based brokerage will complement Cornerstone’s existing locations in Woodbridge, Markham and Barrie, Cornerstone said in an announcement Monday. “We share a common vision for delivering […]
TORONTO – The revelation that a man with Ebola was diagnosed in a Texas hospital could be seen as the first case of the dreaded disease discovered in North America. Or you could see it as a spark, flying far from a raging conflagration. Disease experts in North America insist that the health systems in […]
5 min read
"I like solving problems for people," Hancock says, calling it not only fun, but also rewarding, when "someone comes to you with an insurance problem and you figure it out for them and give them what they need."
By Angela Stelmakowich, Editor | September 30, 2014
Michael Brattman, president-elect of the Insurance Brokers Association of Ontario, emphasizes the importance of owning the future by collaborating with a variety of partners.
By Greg Meckbach, Associate Editor | September 30, 2014
A new consumer survey from Towers Watson shows the Canadian market is ready for widespread adoption of usage-based insurance. But with the range of related products now available and consumer acceptance high, Canada could be a prime market for expansion of UBI.
September 30, 2014
Allianz Global Assistance Canada and TIC Travel Insurance Coordinators, with its subsidiary SelectCare Worldwide, have merged their travel insurance businesses in Canada, the firms announced Tuesday. Financial terms of the deal were not disclosed. Once closed, the combined entity – operating as Allianz Global Assistance – will be one of the largest travel insurance providers […]
By Canadian Underwriter | September 30, 2014
Two independent insurance brokerages in Canada have joined together to create Navacord Inc., a new national brokerage network. Jones DesLauriers Insurance Management Inc. (JDIMI) and Lloyd Sadd Insurance Brokers have partnered, along with Fairfax Financial Holdings Ltd., to create the new platform, with Shawn DeSantis in the role of president and CEO and T. Marshall […]
Executives in the insurance industry are more likely than those in other sectors to consider mobile and cloud computing as high priorities, an Accenture official suggested in a recent blog post. In February 2014, Accenture released a report titled Mobility Fueling the Data Surge, which was based on a survey of nearly 1,475 C-level executives […]
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