Industry
Kerby-Reid has launched a mobile app to help insurance professionals calculate pro-rata and short-term premiums.The app – the ‘Kerby-Reid Pro-rata Insurance Calculator’ – is available for Blackberry and iPhone/iPad platforms, is designed to help underwriters, agents and brokers calculate earned and unearned premiums using the standard pro-rata, ‘old’ short-rate or short-rate 90 formulas, a Kerby-Reid release […]
By Canadian Underwriter | September 29, 2011
1 min read
Insurers can expect to see interest rates remain low for a long time, global economist Josh Feinman said at the National Insurance Conference of Canada (NICC) on Sept. 27.”There’s no sugar-coating it, we live in dangerous times,” said Feinman, global chief economist for DB Advisors/Deutsche Asset Management. “The economic [issues] we face around the world […]
By Canadian Underwriter | September 28, 2011
2 min read
The Aviva Community Fund competition has returned for the third year in a row. This year’s fund was officially launched on Sept. 26 in North Bay, Ont. Canadians can go to to submit ideas that will have a positive effect on their local community. After rallying support from friends, family, neighbours and coworkers, the most […]
By Canadian Underwriter | September 27, 2011
Specially trained dogs are able to sniff out the causes of fires and can extend the capability of an investigator. Magic and his handler Captain Charles LeBlanc, of the Moncton Fire Department, recently completed the five week canine-accelerant detection school program sponsored by State Farm. LeBlanc and Magic join Captain Mark Nowlan and Mallow, the […]
Ken Myers has been appointed vice president to the executive committee of the Insurance Brokers Association of Canada’s (IBAC) board of directors. Myers, an account manager with Stanhope Simpson Insurance (Halifax), is a past president and retiring chair with the Insurance Brokers Association of Nova Scotia. Stéphane Bernatchez has also been appointed vice president of […]
Thirteen photographs have been selected for SGI Canada’s 2012 “It’s a good life” brokers’ calendar. The cross-Canada amateur photography contest ran in June and July and asked for entries capturing how wonderful life is. There were 421 photos submitted by 237 people. SGI Canada brokers voted on the photographs, selecting the following winners: Each winner […]
The global property and casualty insurance industry faces an unsustainable financial future if it does not soon consider rate increases, a panel of reinsurers told delegates attending the National Insurance Conference of Canada (NICC) in Vancouver on Sept. 26.The panelists observed that global reinsurers are conversationally discussing catastrophe price increases of between 5% and 15% […]
Canadians are researching their personal insurance online, but fewer are completing the transaction online, Robert Merizzi, executive vice president and chief information officer at Aviva Canada, told delegates at the National Insurance Conference of Canada (NICC). Merizzi spoke during the ‘Managing Business System Transformation’ panel discussion on Sept. 26 at the NICC in Vancouver. During […]
Speaking about the dangers inherent in a risk-by-risk review of capital charges for property and casualty insurers, the regulatory pendulum in Canada is swinging too far towards the ‘overregulation’ part if the spectrum, according to Canada’s property and casualty insurers trade organization.”Our [regulatory] regime in Canada is among the best in the world, but I […]
By Canadian Underwriter | September 26, 2011
Provincial regulators will likely put more focus on regulating market conduct of insurers, according to Doug McLean, executive director of British Columbia’s Financial Institutions Commission’s insurance department.McLean spoke as a panelist at the National Insurance Conference of Canada (NICC) in Vancouver on Sept. 26. The panel discussed the modernization of the international and Canadian regulatory […]
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