Industry
Behaviour-based auto insurance sales have increased 61% since June 2012, and is expected to rise, the British Insurance Brokers’ Association said this week. BIBA contends that telematics programs can result in insurance savings of as much as 25% for British drivers and up to £1,000 for young drivers. Since June 2012, the number of telematics […]
By Canadian Underwriter | January 29, 2014
1 min read
RSA Insurance Group plc announced Thursday the launch of a seven-week online course for its marketing staff, which the carrier suggests will give employees an opportunity to learn how they can “engage with online communities.” London-based RSA plans to roll out its Digital Marketing Foundation program in three stages, starting in Canada. The program is […]
Aviva Canada has announced the 10 grand prize winners of the 2013 Aviva Community Fund, a competition among various community initiatives across the country. The winners were selected by a panel of independent judges after millions of votes were cast by Canadians over four rounds of the competition this past September through December. A total […]
6 min read
Mobility applications will be a top technology project area for personal lines property and casualty insurers in 2014 and beyond, while predictive analytics is the top IT project priority for commercial lines carriers, suggests a recent report from Strategy Meets Action. Boston-based SMA released Jan. 23 a report titled “2014 Insurance Ecosystem: Insurer Technology Spending, […]
By Canadian Underwriter | January 28, 2014
2 min read
Beginning April 21, Ontario drivers over the age of 80 will no longer have to complete a written knowledge test when renewing their licences, the provincial government announced Tuesday. Instead, those drivers will go through what the government says is a shorter and simpler process, including a vision test, a driver record review, an improved, […]
Global investment firm KKR has signed an agreement to acquire majority ownership of Sedgwick Claims Management Services for approximately $2.4 billion from its current group of investors, which includes Hellman & Friedman LLC and Stone Point Capital LLC. “We couldn’t ask for a better partner in the next stage of Sedgwick’s evolution,” David A. North, […]
By Canadian Underwriter | January 27, 2014
PwC has partnered with a consultancy specializing in cyber security to help businesses and governments understand, adapt to and respond to enterprise cyber risks. Ridge-Schmidt Cyber LLC was founded by former Pennsylvania governor Tom Ridge, the first U.S. Secretary of Homeland Security, and Howard Schmidt, Cybersecurity Advisor to President Barack Obama and George W. Bush. […]
Ernst & Young recently published a report suggesting there could be “significant opportunities” for insurance companies in certain foreign markets, including Malaysia, Indonesia, Mexico and Turkey. The report, titled “Waves of change: The Shifting Insurance Landscape in Rapid-Growth Markets,” is based on rankings of 21 rapid-growth markets on the basis of several factors. Those factors […]
CALGARY – An explosion on a natural gas pipeline south of Winnipeg comes at a time when its owner, TransCanada Corp., is seeking to assure the public that proposed new oil pipelines to the east and south will be safe. One $12-billion proposal called Energy East would see a portion of its cross-Canada natural gas […]
By The Canadian Press | January 27, 2014
TORONTO – Ontario is looking to speed up the phase-in of sprinkler systems in nursing and retirement homes following the deadly blaze that destroyed a nursing home in eastern Quebec. Ontario introduced new regulations last year to require all nursing homes built before 1998, which were previously exempt from sprinkler regulations, to install sprinkler systems, […]
By The Canadian Press | January 24, 2014
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