Industry
Zurich has launched its Spill Reporting Online System in Canada – in time for icy weather and hazardous road conditions.Zurich first launched the service in 2008 for its Environmental Transportation customers in the United States.The 24-hour service helps customers deal with physical and financial aspects of an environmental spill by:• dispatching timely cleanup contractors to […]
By Canadian Underwriter | October 29, 2010
1 min read
Canadian private companies are aiming for growth and expansion in the coming year, according to a PricewaterhouseCooper’s survey.The survey findings are positive for commercial insurers, which saw a decrease in demand during the financial crisis. Companies faced tighter budgets and reduced coverage. Some companies reduced in size, physically and from a payroll perspective, and some […]
Canadian businesses must develop a strategy to better understand and prepare for water-related challenges, or they risk halting operating due to water shortages, water quality or water safety issues, according to Marsh Canada Limited.In its report, A Review of Water-Related Opportunities and Threats, Marsh identified a series of water-related risks for Canadian businesses, including plant […]
By Canadian Underwriter | October 28, 2010
2 min read
Axa SA is reporting total revenue growth of 3% during the first nine months of 2010, including gains in its Canadian property and casualty segment.Overall, Axa SA’s “property and casualty revenues increased by 0.7% to [EUR21.389 billion] as the 3.9% growth in individual lines (largely driven by a 3.4% average price increase) was partly offset […]
More than half of the insurers surveyed in Towers Watson’s biennial global ERM survey said they were satisfied with their ERM capabilities throughout the financial crisis.Of the 465 insurance and reinsurance executives surveyed around the world, 58% felt satisfied with their ERM program’s performance over the past 18-24 months. Thirty-one per cent were neutral and […]
By Canadian Underwriter | October 27, 2010
Compu-Quote has launched an update to ezITV, its residential replacement cost valuation tool.ezITV 2010 accesses the eValue-EVS cost engine through a Web service, reducing the need for users to process updates.The program interface and functionality is similar to its predecessor, but the update includes more options such as additional building types, exterior siding choices, enhanced […]
Granite Global Solutions Inc. – the holding company of McLarens Canada, Sibley & Associates, King Reed & Associates and Rochon Engineering – has announced a series of board and executive appointments.The appointments include:• John Chippendale, vice chairman of HKMB Hub International, to Granite’s board;• Richard Evans, a past president of Liberty Insurance Company of Canada, […]
HCAI has successfully processed more than 750,000 OCF forms and the system is nearing the end of its enrollment phase. HCAI moves from a project to an operation as of January 2011. In anticipation of this transition, an insurer user group has been formed. The user group members met with the HCAI team in September […]
The impact of Solvency II will be “profound” on the (re)insurance market, as most companies will likely find their regulatory capital constrained for the first time, Willis Re reported.Though Solvency II is being implemented in Europe, Willis Re suggests its impact will be felt globally, setting off a chain reaction of regulators implementing similar regimes, […]
By Canadian Underwriter | October 26, 2010
The Insurance Brokers Association of Saskatchewan (IBAS) is anticipating a meeting with Tim McMillan, the minister responsible for Saskatchewan Government Insurance (SGI), about the government’s proposed plan to allow the province’s motorists to obtain licenses from agencies that do not have contracts with SGI.Saskatchewan’s policy change is not yet written, and the government opposition is […]
By Canadian Underwriter | October 25, 2010
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