Industry
RIMS recently presented its 2012 Enterprise Risk Management Award of Distinction to the YMCA of Greater Toronto, recognizing its risk intelligence program. Through its risk tools and techniques, the YMCA produced early average results of 25% growth in monthly membership sales at one of its Health, Fitness and Recreation centers, with phased replication and reach […]
By Canadian Underwriter | November 12, 2012
2 min read
Allianz SE of Munich announced Friday its financial results for the third quarter, reporting a 32.8% year-over-year increase in its operating profit, lower claims from natural catastrophes and a slight increase in property and casualty profits. The bottom line this year was nearly five times better than in 2011, when Allianz took a 931-million Euro […]
By Canadian Underwriter | November 9, 2012
3 min read
Applied Systems Inc. announced Thursday the general release of version 12 of The Agency Manager (TAM), its software for insurance brokers and agents. “For Canadian customers, it includes all-new capabilities for writing commercial lines policies,” Applied Systems stated in a press release. “TAM 12 supports the new Canadian eDoc XML standard from The Centre for […]
Canadian property and casualty insurance company EGI Financial has reported a net income of $13.9 million for the third quarter of the year, up from a net loss of $0.2 million for the same period in 2011. Net operating income for the three months ended Sept. 30 was $2.6 million, compared to $2.3 million for […]
A strong majority of Canadian drivers admit to driving behaviour that could be deemed as road rage, according to a new survey from insurance comparison website Kanetix.ca. The poll, completed by Leger Marketing, suggests that 79% of Canadians admit to aggressive behaviour such as using profanity, yelling or following other vehicles too closely. Speeding was […]
By Canadian Underwriter | November 8, 2012
The Insurance Bureau of Canada has partnered with the Ontario Association of Crime Stoppers as another measure to fight insurance fraud in the province. Anonymous tips sent to Crime Stoppers will now be sent both to police and to IBC’s Investigative Services department. The idea is to better streamline the fraud reporting process. “Anyone who […]
1 min read
Swiss Re announced Nov. 8 its financial results for the third quarter, reporting net income of $1.03 billion from property and casualty reinsurance, up from $731 million during the same period in 2011. All figures are in U.S. currency. The Zurich-based firm said P&C premiums increased 15%, from $2.9 billion in 2011 to $3.3 billion […]
RSA Group’s net written premium for the first nine months of the year in Canada was up 6% to £1.2 billion, mainly from good performance in personal lines, while the company overall reached £6.2 billion. Much of the growth is attributed to emerging markets, where RSA saw growth of 15%, with its net written premium […]
Aviva Plc released Nov. 8 an interim management statement, reporting a 5% year-over-year increase in general insurance sales in Canada for the first nine months of 2012, as it continues to interview candidates for the role of chief executive officer. The London-based firm reported total net premiums written for the general insurance and health categories […]
Auto repair company CARSTAR has appointed a new regional manager for Alberta. In his new role, Darren Lumsden will head up business development efforts in the provinces and will act as the first point of contact for the company’s Alberta-based franchise partners. Lumsden will work alongside Lloyd Wheeler, the company’s regional director for western Canada, […]
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