Industry
Unica Insurance has announced that its eDocs solution using XML standards from the Centre for Study of Insurance Operations (CSIO) is live and immediately available for all brokers. The offering provides electronic declaration pages for brokers using any broker management system (BMS) providing eDocs support including TAM and Epic (Applied Systems), The Broker Workstation (CSSI), […]
By Canadian Underwriter | December 3, 2013
1 min read
A lack of management attention and skilled resources, management tools and processes are working together to hamper the ability of companies to manage a range of new and emerging risks, note survey results published Tuesday by ACE Group. “Our research suggests that emerging risks have not yet become embedded in board level discussions on wider […]
2 min read
Drivers in emerging economies could help shape future demand for sales of new in-car technologies and provide the automotive industry with a sustained revenue stream, notes an Accenture survey of drivers in 12 countries around the world. Released Monday, the survey conducted by Coleman Parkes Research indicates 39% of drivers reported their primary consideration in […]
4 min read
Independent agencies and brokerages in the United States are increasing their specializations and planning to make more investments in technology for the coming year, according to a recent report from a major industry association. The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) 2013 Best Practices Study found that specialization has […]
By Canadian Underwriter | December 2, 2013
North America accounted for 24% of global insurance deal making by value during the first six months of 2013, a period in which global insurers increased mergers and acquisition activity, Towers Watson reports. “There should be cautious optimism surrounding the insurance sector and related M&A across North America,” Jack Gibson, global lead for insurance M&A […]
A new database will allow the public and insurance industry participants to access the names of people and firms disciplined by the various regulators in Canada. The Canadian Insurance Regulators Disciplinary Actions (CIRDA) database includes public actions taken since 2008 by insurance regulators against insurance companies, insurance intermediaries and individuals licensed to sell insurance products. […]
Bell & Grant Insurance Limited and Assurance Goguen Champlain – the former having 124 years of experience and the latter opening its doors in 1915 – will merge with Fraser & Hoyt Insurance (2011) Inc. to create the leading commercial insurance brokerage in Atlantic Canada. The merger is expected to take effect Jan. 1, 2014, […]
Canadian financial institutions are struggling with innovation, new research by PwC shows. How can these institutions, including insurance companies, change to focus on opportunities, rather than barriers, and ensure that they are not outrun by more innovative players in the years to come?
By Karen Forward and Allan Buitendag, PwC | November 30, 2013
6 min read
RAMOS ARIZPE, Mexico – In Mexico’s booming auto industry, the cars rolling off assembly lines may look identical, but how safe they are depends on where they’re headed. Vehicles destined to stay in Mexico or go south to the rest of Latin America carry a code signifying there’s no need for antilock braking systems, electronic […]
By Canadian Underwriter | November 28, 2013
7 min read
The majority of Ontario drivers understand the importance of snow tires for safer driving, but only about half actually install them on their own vehicles, according to a new survey commissioned by Centennial College’s School of Transportation. Among just over 800 Ontario drivers surveyed online in mid-November, 79% said that snow tires create a safer […]
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