Industry
Fitch Ratings has announced the availability of a new Dashboard Report that discusses pricing trends, market dynamics and key drivers of recent results in the property and casualty directors and officers (D&O) liability insurance market in the United States. Results in the D&O insurance market were largely stable in 2013, the dashboard indicates. Relatively steady […]
By Canadian Underwriter | July 2, 2014
1 min read
As digital services evolve - and customer expectations increase - developing a clearly defined multi-channel customer engagement strategy will be critically important for brokers to continue to be viewed as trusted advisors.
By Jeff Purdy, Senior Vice President of International Operations, Applied Systems | June 30, 2014
5 min read
REINSURANCE New approach to mitigating, preparing for floods needed: Zurich “There is a need for a radical rethink on the approach to mitigating and preparing for floods,” says Mike Kerner, chief executive office of general insurance at Zurich Insurance Group. Kerner made the comments following Zurich’s release of two research papers as part of its […]
June 30, 2014
6 min read
Nearly nine in 10 women surveyed during four recent conferences in the United States said “gender inequality” is a “significant concern for the insurance industry today,” though a majority also reported their respective companies are “actively promoting gender diversity,” the Insurance Industry Charitable Foundation (IICF) recently reported. Walnut Creek, Calif.-based IICF released June 26 results […]
By Canadian Underwriter | June 27, 2014
2 min read
The Saskatchewan government has given the green light to a 3.4% overall increase to Saskatchewan Auto Fund vehicle rates, along with rate rebalancing, and a 1% hike to the capital amount on all rates, effective Aug. 1. The 2014 rate program will bring 95% of vehicles to within 5% of the rate required for their […]
Fire, wind loads and the challenge of pumping concrete to extreme heights are among the risks of modern high-rise construction, Allianz Global Corporate and Specialty (AGCS) SE suggested in a recent report. Munich-based AGCS, which has provided insurance for the world’s tallest buildings, released its Supertall Buildings Risk Bulletin this week. “Increasingly complex high-rise building […]
By Canadian Underwriter | June 26, 2014
3 min read
Trips to your local mechanic might become less frequent as new technology develops that could make it possible for cars to essentially fix minor glitches themselves. Whether it’s realigning the sensors that prevent you from backing into a pole, or updating the guts of the dashboard software, new technology from a subsidiary of smartphone maker […]
By Canadian Underwriter | June 25, 2014
Non-life insurance premiums rose 3.2% in Canada and 2.3% worldwide in 2013, Swiss Re Ltd. announced in a recent sigma study titled, ‘World insurance in 2013: steering towards recovery‘, though growth was slower in advanced markets due in part to a “weak economic environment” in Western Europe. In a press release Wednesday, Zurich-based Swiss Re […]
Economical Mutual Insurance Company has no plans to move forward with telematics and usage-based insurance (UBI) at this time in light of quickly changing technology and as-yet unidentified factors that will ultimately drive adoption. Economical, which has closely studied and continues to monitor telematics and UBI, in fact, is ready to move, according to Karen […]
A successful demutualization would help Economical Mutual Insurance Company in its goal of becoming a leader in the property and casualty insurance industry, amidst consolidation that is seeing larger P&C companies gain market share, notes an Economical backgrounder issued in advance of the company’s 2014 annual general meeting Tuesday. The largest P&C companies are acquiring […]
By Canadian Underwriter | June 24, 2014
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