Industry
Zurich Canada Commercial announced Monday that Victoria Stirling will be national director of Transportation, Commercial Markets, effective Feb. 6. Stirling has a depth of experience in transportation related roles, most recently with Intact Insurance. “Victoria’s understanding and knowledge of the business will strengthen Zurich’s already deep commitment to meet and surpass the expectations of our […]
By Canadian Underwriter | January 28, 2013
1 min read
The Dominion has launched a tablet version of its commercial insurance quoting portal for brokers, available for the iPad and BlackBerry Playbook. E-CLIPS is the insurer’s quoting portal for small-to-medium sized businesses. The mobile portal now allows brokers to provide quotes and do business from anywhere with an internet connection, aiming to reduce customer wait […]
Insurance quote comparison website Kanetix.ca has now partnered with Gore Mutual Insurance to expand the site’s commercial quote service. The service is available to commercial insurance customers in Ontario and Alberta and will now include commercial insurance quotes from Gore Mutual. “Gore Mutual is recognized as a leader in technology and is one of the […]
The Canadian property and casualty market is increasingly becoming dominated by domestic players, a trend that brokers cannot and should not ignore, one industry head says. “Globalization was the trend we were all reading about,” several years ago, but now the trend here is toward deglobalization, Alister Campbell, CEO of the Guarantee Company of North […]
By Canadian Underwriter | January 25, 2013
3 min read
There appears to be a gap between the perception that polled insurers in the United States have about their readiness for the Risk Management and Own Risk Solvency Assessment Model Act and how complete their enterprise risk management (ERM) frameworks are, notes a new survey from PwC. The U.S. insurance industry is making strides toward […]
2 min read
Global financial instability and some political risks are still evident as impediments in African markets, but the region still presents an opportunity for growth and untapped demand, notes a special report from rating agency A.M. Best. “Given anticipated development of gross domestic product (GDP) in the region,” the continent presents a good opportunity for the […]
Brokers would be well-advised to be prepared for dealing with the influence of telematics – something that George Cooke suggests will ultimately revolutionize the way personal insurance is sold – or risk being left behind. “The reality is that this is coming. It will change the way we all do business. We can’t stop it, […]
Experimentation may help identify how best to combat erosion in the broker channel, Brigid Murphy, president and CEO of The Dominion, suggested at an Insurance Brokers of Toronto Region luncheon on Tuesday. The Dominion is “very interested in experimenting with ways to stop the erosion,” and drive business to the broker channel, Murphy told luncheon […]
By Canadian Underwriter | January 24, 2013
Reinsurance intermediary Aon Benfield has launched a new weather reinsurance product to help insurers protect against weather losses in the United Kingdom. WExcessm, launched Wednesday, was developed in partnership with Swiss Re and CelsiusPro, a weather risk management specialist. “It is based on official weather data and transparent, flexible triggers which can be tailored to […]
The property and casualty insurance industry has more than 6,000 firms in Ontario employing more than 22,000 people, contributing billions every year to the province’s economy, according to a study released Thursday. “In total, the property & casualty insurance industry in Ontario directly contributed $4.1 billion to real gross domestic product (GDP) in 2009,” according […]
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