Industry
Overall demand for new claims management modules is strong, but those vendors moving toward suite offerings are poised for more new customer wins than those without such offerings, according to a recent market report from research and analysis firm Gartner. The firm’s MarketScope report from 2012, updated in late March 2013, looked at the overall […]
By Canadian Underwriter | April 30, 2013
2 min read
The Ontario Liberal government said Tuesday it will be introducing legislation that, if passed, would reduce auto insurance premiums by 15% on average, a figure first proposed by the NDP in the province. The government, which is set to deliver its budget Thursday, needs the NDP’s support to avoid a spring election. Along with several […]
3 min read
Hartford Steam Boiler Inspection and Insurance Co., part of Munich Re, has introduced a new cyber risk coverage offering for small businesses. Dubbed HSB CyberOne, the coverage is part of the company’s ongoing effort to offer products and services to smaller commercial organizations that need coverage for information security risks. “Cyber attacks are a serious […]
By Canadian Underwriter | April 29, 2013
The major challenge for insurers in the era of big data appears to relate at this time less to volume than to data velocity and variety, note survey findings released last week by Celent. The survey of 276 Celent insurance contacts found that velocity and variety of data are the most important challenges faced by […]
4 min read
The percentage of auto insurance shoppers has hit a six-year low, but the percentage of those shoppers who select a new insurer is at a six-year high, according to the J.D. Power and Associates 2013 U.S. Insurance Shopping Study. The study, now in its seventh year, looks at shopping and purchasing behaviour, in addition to […]
As the days get longer and weather warms, Canadians may be in the beginning stages of renovation projects, but results from a recent survey suggest many homeowners aren’t aware of how their upgrades can impact their insurance policies. According to the results from a TD Insurance survey, only 6% of Canadians checked their home insurance […]
Canadian businesses are divided on whether telecommuting (working remotely) is good for productivity and employee morale, although some are taking steps to make their workplaces more flexible, according to BMO Bank of Montreal. Research firm Pollara surveyed a sample of 500 Canadian business owners in February and March of this year for the BMO poll. […]
By Canadian Underwriter | April 26, 2013
The Chubb Corp. has released its first quarter earnings, reporting $656 million for the three months ending March 31, up from $506 million in the same quarter last year. The company’s operating income, which is defines as net income excluding after-tax realised investment gains and losses, was $566 million for this past quarter, up from […]
1 min read
Domestic insurance carriers have nearly doubled their combined share of the Canadian property and casualty market in the quarter-century Alister Campbell has been in the industry, and on Thursday he offered some theories as to why. Campbell, CEO of The Guarantee Company of North America, was the luncheon keynote speaker at the CIP Society Symposium […]
Net income attributable to Aon plc (NYSE: AON) shareholders was $261 million for the first quarter of the year, up from $238 million reported in the same quarter last year. “Our first quarter results reflect a solid start to the year with double-digit earnings growth driven by a strong performance in our Risk Solutions business and […]
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.
