Industry
The B.C. Oil and Gas Commission has penned several recommendations in response to its finding that anomalous seismicity in isolated areas of northeast British Columbia was the result of hydraulic fracturing. “The investigation has concluded that the events observed within remote and isolated areas of the Horn River Basin between 2009 and 2011 were caused […]
By Canadian Underwriter | August 31, 2012
2 min read
Aon Risk Solutions Canada has named Allan Hetz as its new manager of the National Centre of Excellence, large construction and projects. Hetz will be responsible for team management, broking strategy and product development. His most recent position was as national assistant vice president for contractors, setting the vision, strategy and direction of the segment. […]
1 min read
The management and utilization of “big data” is critical in competitiveness within the insurance industry, states a recent report from Gartner. However, most insurers struggle with understanding just what big data is, as well as lacking the data governance, information technology (IT) foundation and IT investments to support big data initiatives. These will require larger […]
A new survey measuring consumers’ understanding of insurance products indicates a widespread lack of knowledge, signalling the need for more education to ensure individuals are properly protected. The survey, conducted by SOM research in June for Desjardins Group, involved 3,000 adult Internet users across the country (1,500 in Quebec, 750 in Ontario and 750 in […]
By Canadian Underwriter | August 30, 2012
A product that allows insurance carriers to use predictive scores to quote homeowners’ policies online in real time has scored almost 1.5 million policies in the U.S. since its launch in March, Denver-based Valen Technologies reports. PropertyRight is a set of highly predictive models that identify potentially problematic policies and present carriers with an insurance-to-value […]
XL Group plc’s reinsurance operations in Bermuda recently announced the appointment of Tim Fisher as senior vice president and Canadian branch manager. Fisher, who has more than 25 years of experience in the reinsurance industry, will be responsible for leading XL’s Toronto-based reinsurance underwriting team, notes a company statement. Before taking on his new role, […]
By Canadian Underwriter | August 29, 2012
Federally regulated property and casualty insurers in Canada reported improved financial results for the first half of 2012, posting a collective quarterly profit of $1.52 billion as opposed to $1.09 billion for the same period last year. Figures from the Office of the Superintendent of Financial Institutions (OSFI) show that insurers wrote net premiums of […]
By Canadian Underwriter | August 28, 2012
The United States government and the University of Michigan are equipping 3,000 cars, trucks and buses in Ann Arbor, Michigan with wireless devices that will allow the vehicles to alert drivers to speed, location and traffic congestion. Fitted with connected Wi-Fi technology, the vehicles will communicate or “talk” with each other and with road infrastructure […]
Nancy Toso has been appointed as the new branch manager for Crawford & Company (Canada) Inc.’s office in Calgary, Alberta. With the company since 2006, Toso has held positions as a casualty specialist, a general adjuster with the global technical services division and branch supervisor of the Calgary office. She also has previous experience in […]
By Canadian Underwriter | August 27, 2012
RiskRadius has introduced what it calls the industry’s first dynamic risk appetite search engine to help insurance brokers and agents find the best match for their clients’ needs. Using proprietary software on a secured platform, brokers can search the dynamic databases of appetites to discover new client solutions based on states where they are located, […]
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.
