Industry
RSA Canada reported strong top and bottom line performance across personal and commercial lines in the first half of 2012, producing a combined underwriting result of $96 million. Growth generated by both Johnson and personal intermediated businesses contributed to personal lines delivering net written premiums of $771 million, up 6% against prior year. The underwriting […]
By Canadian Underwriter | August 2, 2012
1 min read
Intact Insurance and Keal Technology have taken another step forward in the development of an electronic document (e-doc) solution that will help brokers serve clients more easily and efficiently. The Intact-Keal e-doc allows brokers to download policy information of their personal lines clients insured by Intact directly to their Keal broker management system (BMS), sigXP, […]
Improved underwriting performance, growth in insurance portfolio and higher investment income helped Intact Financial Corporation reach $180 million in net operating income for 2012 Q2, up $85 million from the same quarter in 2011. “The initiatives we undertook over the last year notably in home and auto insurance continue to deliver substantially improved operating results, […]
By Canadian Underwriter | August 1, 2012
RSA is now successfully transmitting live policy documents to a broker system using the Centre for Study of Insurance Operations’ (CSIO) latest XML standards, a move meant to enhance broker efficiencies and streamline workflows. Brokers currently using RSA’s EZ-Docs tool to access electronic copies of policy documents will now be able to get copies of […]
FSCO's recent report to the Ontario finance ministry suggests that evidence-based health care has taken centre stage in the province's auto insurance system.
July 31, 2012
4 min read
REGULATION OSFI proposes to change basis for calculating minimum assessments Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is proposing to change the basis on which it calculates minimum and non-minimum assessments. OSFI has suggested using “required capital” as a proxy for the amount of time and resources it devotes to […]
Responding to consumers who want to buy their insurance online, the independent broker channel is building online brokerages to offer customers convenience and advice.
By David Gambrill, Senior Editor | July 31, 2012
6 min read
The rate of auto theft continued its downward trend last year in Quebec, dropping 64% over the last decade, note new figures from the Groupement des assureurs automobiles (GAA). The theft rate (theft of whole vehicle) is 0.20% for all regions of the province, notes the 2011 Automobile Statistical Plan in Quebec. “This is a […]
By Canadian Underwriter | July 31, 2012
Malik, Giffen & Burnett Claims Consultants Inc. (MGB) has named Layne Gardner as the specialized adjusting firm’s new executive general adjuster. Gardner, who joined the firm effective July 11, brings to the position more than a decade of experience as an adjuster, the past seven years with an international independent commercial/industrial/energy firm. Licensed in all […]
ISB Canada has announced the appointment of Craig Smith to the position of vice president of sales and marketing. With almost 30 years in the insurance industry, Smith has held various senior positions at a principle insurer, as well as sales and marketing positions within the insurance vendor market. “ISB Canada is looking to expand […]
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