Industry
Several commentators have noted single-digit increases in commercial insurance lines, hovering between 4% and 7% in most areas of business. While the premium tightening is widespread, there are few signs of a full hardening of the market, according to New York-based investment bank Keefe, Bruyette & Woods (KBW) Inc. “The rate environment does continue to […]
By Canadian Underwriter | September 14, 2012
2 min read
More than half of European companies (54%) responding to an insurer survey believe that doing international business has become more risky over the last five years, and 95% say their own company has become more concerned about multinational and export risk over the same period, according to research published by ACE Group. The survey, which […]
1 min read
The Independent Broker Resources Inc. (IBRI) has released a smartphone app for brokers, called the Insurance Companion. The app is available for Android, iPhone and Blackberry operating systems and will allow an insurance brokerage to have its own branded mobile app for their clients. It provides access to brokerage contact details and will allow customers […]
Just over half of U.S. drivers killed in automobile accidents had drugs or alcohol in their systems at the time of the crash, according to a new study from Columbia University. Alcohol was the most common substance detected, followed by marijuana and stimulants, such as amphetamines. While alcohol or drugs were a factor in 57% […]
By Canadian Underwriter | September 13, 2012
Insurance software company Applied Systems has announced the opening of its Canadian data centre. The new centre will meet what the Illinois-based company calls a growing demand for cloud-based brokerage management systems. The new facility is its third data centre and first outside the United States. The data centre is in the greater Toronto area, […]
The Lethbridge Regional Police Service (LRPS), in partnership with Accident Support Services International, has opened a new Collision Reporting Centre. The centre is the first of its kind in Alberta, according to a statement from LRPS. It will allow police to provide a faster and safer response to property damage collisions and free up officer […]
IDT911, an identity management and data risk management services provider, has expanded into Canada to help businesses minimize the chance of breaches and manage them when they occur. The Arizona-based company, which has offices in Toronto, partnered with Economical Insurance and Trisura Guarantee Insurance Company earlier this year to provide privacy breach resources to Canadian […]
Verisk Crime Analytics has launched two new national information-sharing systems for Canadian insurers and policyholders to fight cargo and heavy equipment theft. The CargoNet and National Equipment Register (NER) are already supported by several Canadian insurers and fleets, and law enforcement agencies are also interested in using the tools in their investigations, according to Verisk. […]
By Canadian Underwriter | September 12, 2012
Insurance professionals in Saskatchewan have recently gained access to a new Level 1 licensing program from ILScorp. The ILS Introduction to General Insurance (ILS IGI) program is now accredited by the Insurance Council of Saskatchewan, notes a statement from ILScorp, a provider of insurance and financial services education and training. “We listened to our students […]
Aon Benfield recently launched a loss calculation platform that aims to help insurance companies better understand risk and vulnerability based on their actual loss experience and current portfolio of business. ELEMENTS 7, a tool designed by Impact Forecasting, gives insurers access to 30 catastrophe models spanning over 20 territories and six key perils. Aon Benfield […]
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.
