Risk
With year 2000 reinsurance treaty negotiationscurrently in full swing, there is a desperate hope among the players that rates will return to moresensible levels. However, faced with increasedcompetition, both locally and globally, reinsurersanticipate a long road ahead before the soft market cycle is broken. CU surveys the top reinsuranceCEOs in Canada to identify their strategies […]
By Sean van Zyl, Editor | August 31, 1999
16 min read
Industry
The Dominion of Canada General Insurance Company’s answer to the direct writing threat, Chieftian Insurance, is one of the future consumer-interaction options open to brokers, predicts Alan Hanks, vice president field operations of the new company. Hanks outlined the broad objectives of Chieftian, which is broker-based but employs a direct writing electronic approach to reaching […]
August 31, 1999
1 min read
Since reforms in the mid-1990s, more and more corporate capital is flowing into Lloyd's of London -- much of it from some of the world's most noted reinsurers. Could this injection of new capital forge the rebirth of the world's most unique insurance market?
By Glenn McGillivray, head of corporate communication at Swiss Rein | August 31, 1999
9 min read
Whether traditional players in the property and casualty insurance industry continue to hold the lion's share of business will depend on their willingness to embrace consumer-driven technologies and boost productivity, delegates attending the recently held Strategy Institute conference were told. In particular, the pressure of higher consumer expectations coupled with increased competition from new players to insurance will be felt mostly in the personal lines arena, the speakers warn.
8 min read
Given the breath-taking surroundings, subjects like e-commerce, branding and reducing work-related stress should have been far from the minds of delegates at the 76th Annual Insurance MarketingCommunications Association conference.
By Shelley Boyes | August 31, 1999
4 min read
This year, in an awards contest that often appears to be dominated by a few large companies with deep pockets, representatives of more than 30 insurance companies took home “Best of Show” and “Awards of Excellence” prizes from the IMCA’s Showcase Awards ceremony, held during the June 29 gala at the Keystone Resort in Colorado. […]
2 min read
With the conference and seminar season once again shifting into full drive, the message remains consumerism. Nothing new — the insurance industry has become almost anaesthetized by the repeated urgency to address consumer expectations. However, the latest round of discussions on the consumerism topic have shifted focus to the industry’s technology weaknesses. The emergence of […]
3 min read
Commercial
In CU’s July edition, a photograph on page 26 of Heidi Hutter, president of Swiss Re America, was incorrectly identified as economist Nuala Beck. CU regrets the error.
Foods that hit New Brunswick and Nova Scotia the week of July 26 have formed one of the largest insured losses to hit Atlantic Canada this decade. Close to 900 claims have been submitted to date and insurers predict damages will reach $5.6 million in Moncton, New Brunswick and $2.5 million in Antigosh, Nova Scotia. […]
Property & casualty insurance brokers are breathing a collective sigh of relief as the federal government’s discussion paper on the future of financial institutions in Canada effectively put a moratorium on the banks’ entry into the retail insurance market. Despite the Insurance Brokers Association of Canada (IBAC) lobbying efforts, which demonstrated the profession has clout […]
By Lowell Conn | August 31, 1999
6 min read
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