Industry
Any proposed international accounting standard should be field-tested before it is applied to help make sure the standard appropriately reflects the way affected companies manage and run their businesses, The Group of North American Insurance Enterprises (GNAIE) recently told the International Accounting Standards Committee Foundation (IASCF).IASCF is the oversight body of the International Accounting Standards […]
By Canadian Underwriter | July 1, 2008
2 min read
Call centres allow insurers and brokers to sell their products more efficiently and economically, but serious issues relate to the quality and consistency of their service.
By David Gambrill, Editor | June 30, 2008
3 min read
As Reno Daigle prepares to take the reins of the CIAA, he stresses the importance of continuing education and training to adapt to the everchanging demands of the profession.
By Vanessa Mariga, Associate Editor | June 30, 2008
5 min read
Risk
INSURERS’ USE OF PRIVATE INVESTIGATORS PROMPTS COMPLAINTS TO PRIVACY COMMISSIONER Complaints against the insurance industry filed with the federal privacy commissioner increasingly involve the covert collection of personal information by private investigation firms, the commissioner said in her annual report. Of the 350 complaints filed with the Office of the Privacy Commissioner of Canada (OPCC) […]
June 30, 2008
A 'black swan' is an unpredictable event with a massive impact. Will guaranteed replacement cost (GRC) prove to be such a creature in Canada?
6 min read
The reinsurance industry needs to carefully consider emerging pricing disparities, as loss severity trends continue to escalate
By G. S. (Steve) Smith President And CEO, Farm Mutual Reinsurance Plan Inc. | June 30, 2008
The use of insurance-linked securities is a hot topic in both the United States and Europe, but it has received less attention in Canada, in part because of a lack of clarity in regulatory guidance for ILS in Canada
By Francis Blumberg Head Of Canadian Operations, Chief Agent, PartnerRe | June 30, 2008
IBC RECOMMENDS 36.9% INCREASE FOR AUTO PREMIUM GRID RATES IN ALBERTA The Insurance Bureau of Canada (IBC) is recommending a 36.9% rate increase for auto insurance in Alberta, to be applied only to the province’s grid rates. The suggested rate hike is to compensate for the court’s recent elimination of the province’s Cdn$4,000 cap on […]
Bigger, stronger and costlier tornadoes have emerged as a new reality facing the Canadian insurance industry
By Joe Niedzielski Senior Business Analyst, Analytical Services Group, A. M. Best Co. | June 30, 2008
Reinsurers need to price their product with volatility uppermost in their minds
By Matthew Spensieri Vice President, Chief Agent For Canada, General Reinsurance Corporation | June 30, 2008
4 min read
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