Industry
PriceWaterhouseCoopers LLP is advising insurance companies to integrate advanced telephony systems with their claims systems, to “share talent” with large groups of claims adjusters and to use analytics to understand their customers’ patterns of behaviour. PwC’s financial services (FS) industry group in the United States recently released a report, titled “Claim to fame: Positioning the […]
By Canadian Underwriter | August 20, 2014
2 min read
MONROVIA, Liberia – Security forces blocked off a seaside slum in Liberia’s capital Wednesday, stepping up the government’s fight to stop the spread of Ebola, unnerving residents and reportedly sparking a protest. In central Monrovia there were few cars or people about as nervous residents stayed inside after President Ellen Johnson Sirleaf ordered West Point […]
3 min read
Arctic shipping routes offer the global maritime community an attractive alternative to existing trade routes – and are increasingly relevant to the oil and gas sector – but also present risks, suggests a report issued Tuesday by Marsh. “While marine insurers are largely supportive of the development of Arctic shipping routes, they are extremely wary […]
Rating agency A.M. Best Co. has revised its outlook for the reinsurance sector to negative, the firm said in a briefing issued Tuesday. Ongoing market challenges in the sector are resulting in potential negative rating pressure, although the firm isn’t expecting a significant number of negative outlooks or downgrades over the very short term, A.M. […]
By Canadian Underwriter | August 19, 2014
1 min read
TORONTO – More than one-third of Canada’s IT professionals know – for sure – that they’d had a significant data breach over the previous 12 months that could put their clients or their organizations at risk, a cybersecurity study suggests. And as startling as that statistic may be, the actual number of breaches could be […]
By Canadian Underwriter | August 18, 2014
4 min read
All auto insurance carriers should have a telematics strategy, and their executives should assess the ability of their computer systems to collect, organize and store the data gleaned from telematics devices, Accenture suggested in a recent report. In its report, Insurance telematics: A game-changing opportunity for the industry, Accenture advises all auto insurers to “have a […]
By Canadian Underwriter | August 15, 2014
Allied World Assurance Company has launched a property line for energy risks in the Canadian market, the company announced Thursday. The company launched its initial property and excess casualty offerings for Canada in May. The new team will provide capacity for a wide range of industry classes in the energy space. Dan Fitzpatrick, vice president […]
By Canadian Underwriter | August 14, 2014
The Autorité des marchés financiers (AMF), the regulatory and oversight body for Quebec’s financial sector, has issued a caution to investors in the province about the use of Internet-based trading platforms, primarily in the currency markets and the use of binary options. AMF is taking action in the wake of work done by its cyber […]
Commercial lines insurance prices rose 2.7% in the first quarter of the year, Towers Watson has reported in its latest Commercial Lines Insurance Pricing survey of Canadian insurers. “Commercial insurance prices in aggregate have been increasing marginally since the third quarter of 2011, with the highest increase in the first quarter of 2014,” according to the […]
The 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) are reporting a record-high contract certainty rate for insurance contracts at 99.0%, with year-end 2013 results also strong for reinsurance contracts at 97.7%. The six-year average contract certainty results – since monitoring of contract certainty results began at the 2008 renewal period […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
