Industry
How do bright young brokers climb the pyramid to become the new brokerage owners, principals and senior managers?
By David Gambrill, Editor | March 31, 2012
7 min read
Canada's brokers have successfully worked with Canada Revenue Agency to help "keep it simple" when brokers are involved in complex, multi-jurisdictional commercial insurance transactions
By Brenda Rose, Vice President, Firstbrook Cassie & Anderson | March 31, 2012
6 min read
Applied Systems expects to open a new data management centre in Canada in 2012 Q3, helping Canadian brokers transport their operations into the cloud.
5 min read
SCM Risk Management Services (RMS) has appointed Colin Smith to the position of senior vice president of operations, information and analytics. He has more than 18 years of experience in business planning, execution, operations and information technology in continuously progressive management positions. Most recently, he was the senior strategic business/technology leader as the CIO at […]
By Canadian Underwriter | March 30, 2012
1 min read
ACE Canada, the Canadian-based operating division of the ACE Group, has appointed Andrew Lawrence as assistant vice president of its commercial risk segment. In this newly created role, Lawrence will be responsible for managing ACE Canada’s relationships in the middle market sector. Lawrence will report to Steven Lucas, vice president of marketing-national accounts. Lawrence previously […]
Canada’s property and casualty insurers can expect to be challenged in the near future by the rapid pace of global warming in Canada, slow economic growth and increased attention from regulators, the Insurance Bureau of Canada (IBC) observed at the Canadian Insurance Outlook Breakfast in Toronto on Mar. 29 Canada has been warming at an […]
By Canadian Underwriter | March 29, 2012
2 min read
The emergence of “big data” poses both an opportunity and a challenge for the property and casualty insurance industry, according to a recent report from PricewaterhouseCoopers LLP. It defines big data as a combination of (a) sophisticated technologies and devices, all of which are communicating seamlessly with each other in real-time; and (b) the use […]
Increased transparency across the organization and improved project results are two key benefits of adopting a social media strategy, states a new report from research firm Celent. It notes insurers are using social media technology for internal staff, external partners and customers. But the “business case for implementing social technologies is challenging,” according to the […]
The Insurance Brokers Association of Ontario (IBAO) says a new CSIO XML standard will bring greater efficiency to broker-insurance company communications through electronic documents. The development of “E-Docs” allows brokers to see electronic copies of policies automatically attached to their files, instead of pulling copies of polices from individual insurance company portals into their broker […]
By Canadian Underwriter | March 28, 2012
Lloyd’s of London recorded an annual loss of £516 million ($818 million) last year due to a huge spike in natural disaster losses. The loss compares to a profit of £2.2 billion ($3.5 billion) in 2010. The U.K.-based insurance market reported a total net claims payout of £12.9 billion ($20.5 billion), of which roughly one-third […]
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