Risk
Aon Benfield announced Monday a catastrophe model, for marine and energy insurers, which includes databases on major ports and vulnerability curves for different types of cargo. London-based Aon plc stated that its reinsurance intermediary unit partnered with Risk Management Solutions (RMS) Inc. to develop the model, which it says will give “insurers the ability to […]
By Canadian Underwriter | September 14, 2015
1 min read
North America continued to see strong demand for transactional risk insurance, with the market showing no signs of slowing down after the explosive growth witnessed in 2014, according to a statement released on Friday by Marsh Ltd. Canadian Underwriter reported in March that the number of transactional risk policies placed in United States and Canada […]
By Canadian Underwriter | September 11, 2015
2 min read
The accumulated global benefits of cyber connectivity should still outpace the costs through the year 2030 by nearly US$160 trillion (constant 2011 United States dollars), an 8% gain in the cumulative global GDP between 2010 and 2030, according to a report released on Thursday. The report, titled Overcome by Cyber Risks? Economic Benefits and Costs […]
By Canadian Underwriter | September 10, 2015
3 min read
Expert underwriting and rigorous oversight has helped Lloyd’s achieve pre-tax profit of £1.19 billion during the first half of 2015, although the figure is down from “exceptional high” of £1.65 billion for the first six months of 2014. At June 30, 2015, foreign exchange rates were £1 = US$1.57, notes a statement Thursday from the […]
The simple autonomous vehicle may be just around the corner. But insurers need to be prepared - including by identifying new risks associated with changes in driver behaviour - to be able to successfully negotiate the inevitable speed bumps on the road to autonomy.
By Craig Beattie, Senior Analyst, Insurance Practice, Celent | August 31, 2015
6 min read
Supporting the continuing education of brokerage employees promises to pay dividends. Brokerage owners should know that advancing staff efforts can improve internal culture and external perception of the business, its leaders and its staff.
By The CIP Society Insurance Institute of Canada | August 31, 2015
7 min read
A recent survey from J.D. Power shows auto insurance providers need to focus on customer service to compete in Canada. One area where that focus will likely be important is the digital channel space.
By Valerie Monet, Director, Insurance Practice, J.D. Power | August 31, 2015
Cyber crime has become increasingly frequent, expensive and complex. Yet, many small businesses do not believe they are targets and may not be prepared to prevent or withstand a data breach. What can the insurance industry do to help?
By Derrick Hughes,Vice President, The Boiler Inspection and Insurance Company of Canada, part of Munich Re | August 31, 2015
Commercial applications for the disruptive technology of drones have taken off in the last few years. Insurance companies are also keen to seize the opportunities that drones provide in claims support and risk assessment, but must navigate a fast-changing regulatory environment along the way.
By Urs Uhlmann, Chief Executive Officer, Global Corporate, Zurich Canada | August 31, 2015
1 Travelers Canada chief executive officer Brigid Murphy [1a] is retiring from CEO duties, chief operating officer (COO) Duane Sanders [1b] is replacing Murphy and Heather Masterson [1c], most recently with Totten Insurance Group Inc., is taking on the COO role. Masterson will join Travelers Canada September 14, reports The Travelers Companies Inc. She was […]
August 31, 2015
4 min read
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