Claims
There is a disconnect between insurance industry’s perceptions of potential catastrophe damages, modeled predictions of potential cat losses and actual catastrophe losses, according to David Lightfoot, managing director at Guy Carpenter & Company.Lightfoot was speaking at an event marking the opening of Lloyd’s Toronto office on Nov. 30. The event featured the launch of a […]
By Canadian Underwriter | December 1, 2010
2 min read
Industry
Insurance Corporation of British Columbia (ICBC), the B.C. provincial government and police are launching CounterAttack road checks across the province during the month of December to raise awareness and reduce impaired driving crashes. ICBC supports CounterAttack through enhanced police enforcement and an awareness campaign. The campaign includes TV and radio advertisements; ICBC provides businesses, sports […]
1 min read
Marsh has launched an insurance facility providing up to $100 million of cover per risk for plant, equipment and inventories located in foreign countries and territorial waters or while in transit between sites.The Mobile Asset and Commodity Expropriation (MACE) insurance facility is available globally, a Marsh release says.It offers protection against abandonment, deprivation, expropriation, riot, […]
AIR Worldwide has added data quality-scoring capabilities to its TruExposure suite of catastrophe models.The data quality scores quantify the potential impact of missing primary risk characteristics on catastrophe loss estimates and indicate where data improvements will have the greatest benefit, an AIR release says. The scores can be calculated for individual locations and at the […]
Reflecting the global insurance market generally, Canada’s property and casualty market is facing a “heavy cocktail” of very challenging issues in 2011, according to Sean McGovern, director of North America and general counsel of Lloyd’s.McGovern spoke to Canadian Underwriter at an event marking the opening of Lloyd’s Toronto office on Nov. 30.McGovern answered questions about […]
One day insureds will be clicking buttons to purchase, review, store, change, obtain advice or endorsements, and text and/or instant message service representatives about their policies.
By David Gambrill, Editor | November 30, 2010
3 min read
BANKS TAKE LONG-TERM VIEW ON LOBBYING FOR RIGHT TO SELL, MARKET INSURANCE Banks are predictably lobbying the federal government during the 2012 Bank Act review to lift restrictions preventing banks from marketing and selling insurance products in their branches. But a recent Canadian Bankers Association (CBA) submission suggests banks see this more of a long-term […]
November 30, 2010
Risk
IMPACT OF SOLVENCY II ON GLOBAL INSURERS WILL BE “PROFOUND”: WILLIS RE The impact of Solvency II will be “profound” on the global (re)insurance market, and most companies will likely find their regulatory capital constrained for the first time, according to Willis Re. The fifth and final quantitative impact study (QIS5) of Solvency II was […]
Climate models may be able to predict the frequency of North Atlantic hurricanes as far as 10 years ahead, well beyond the current seasonal timescale, Lloyd’s of London has reported. Lloyd’s awarded its inaugural Science of Risk Prize to Doug Smith of the U.K.’s Met Office for the finding. Smith’s research paper, Skilful Multi-year Predictions […]
When Tina Gardiner received the prestigious 2010 Donald M. Stuart Award, she joined the ranks of those she considers to be mentors and teachers.
By Vanessa Mariga, Associate Editor | November 30, 2010
5 min read
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.
