Industry
The amount of form customization rarely matches the amount called for by an insurer’s business strategy, leading to an increase in analytical challenges on pricing and underwriting, marketing difficulty and an increase in costs, a Celent report warns.In its new report, ‘Challenges in Leveraging Bureau-Based Content,’ Celent suggests that carriers assess their competitive approach and […]
By Canadian Underwriter | October 1, 2008
1 min read
Risk
FACILITIES ASSOCIATION CALLS ON FSCO TO RECOGNIZE COST OF CAPITAL Ontario bumped up rates for its private passenger auto insurance by 2% at last filing, but the rate change did not include a “cost of capital” provision that Facilities Association wants the provincial regulator to include. In a report to the Insurance Brokers Association of […]
September 30, 2008
2 min read
Some brokerages could benefit simply by reviewing and defining their existing processes. Workflow analysis can help brokers recognize problem areas such as bottlenecks, backlog and overlapping roles.
By Renee Durepos, Vice President, Operations, Keal Technology | September 30, 2008
6 min read
Tort awards for catastrophic cases in Canada are pushing the average award increase to Cdn$5 million -- and climbing
By Jess C. Bush, Blaney McMurtry LLP and Harold Hopf, Swiss Reinsurance Company Canada | September 30, 2008
Commercial
Sidebar to "Expansion without Contraction"
Based in the United States, the American International Group (AIG), dubbed the "world's largest insurer," is seriously listing, shocking a Canadian insurance industry that is now wondering what will happen to AIG's Canadian operations.
By David Gambrill, Editor | September 30, 2008
16 min read
The governments of B. C. and Alberta are attempting to reconcile free trade between two provinces that have vastly different auto insurance markets
By Ginny Bannerman, Chief Executive Officer, Insurance Brokers Association Of Alberta | September 30, 2008
4 min read
The future of broker tech may be turning towards consumer-centric technologies.
By Vanessa Mariga, Associate Editor | September 30, 2008
5 min read
Communication technologies and applications like Facebook, text messaging and Web cams are giving consumers near-limitless options for interacting with one another. This new wave of greater social interaction has migrated from our homes to our schools, and, more recently, to our offices. The reality is, the consumers of tomorrow will thrive on this kind of […]
By Ismail Pishori, Vice-President, Financial Services Vertical Marketing, Telus | September 30, 2008
Power-hungry new technology is straining equipment that distributes electricity inside commercial buildings.
By Hans Schols, President And CEO, The Boiler Inspection And Insurance Company Of Canada (BI&I) | September 30, 2008
7 min read
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