Risk
Property and casualty insurers in Canada, as elsewhere, are well-advised to keep and eye out for existing and emerging risks and opportunities. But with challenges ranging from economic factors to new risk surrounding cyber security, how can insurers capitalize on opportunity?
By Neil Parkinson, National Insurance Sector Leader; and Mary Trussell, Insurance Sector Partner, KPMG|Neil Parkinson, National Insurance Sector Leader; and Mary Trussell, Insurance Sector Partner, KPMG | January 31, 2015
5 min read
Lynn Oldfield, honoured with The CIP Society's Established Leader Award, is well-aware of how important education and engagement are to playing in the constantly evolving p&c insurance space.
By Angela Stelmakowich, Editor|Angela Stelmakowich, Editor | January 31, 2015
Does the attitude of Canadian businesses create obstacles for innovation? A recent survey by The Conference Board of Canada shows that dealing with the top-rated innovation constraints would help businesses embrace more risk-taking and greater innovative activity.
By Michael Grant, Director of Research, Industry and Business Strategy, The Conference Board of Canada |Michael Grant, Director of Research, Industry and Business Strategy, The Conference Board of Canada | January 31, 2015
Data security has always been an issue, but perhaps no more so than today. A recent survey of about 1,500 Canadians clearly shows, however, that awareness of data security lags concern.
By Willie Wong, Security Leader, IBM Canada|Willie Wong, Security Leader, IBM Canada | January 31, 2015
Is the big bad wolf coming? Perhaps yes; perhaps no. All the talk of Google entering/possibly entering the insurance market – depending on one’s locale – has created quite a stir. “Google is getting the approval for selling insurance on their compare site in a large number of states via a number of different insurance […]
3 min read
1 Bob Fitzgerald [1] has been appointed chief executive officer of SCM Insurance Services, succeeding founder and chief executive officer Larry Shumka, who will become the firm’s first-ever executive chairman. Most recently president of SCM Insurance Services’ adjusting and claims management company, ClaimsPro (a role he will retain until a replacement is found), Fitzgerald and […]
January 31, 2015
4 min read
TECHNOLOGY Potential economic benefit of driverless cars $65 billion annually Automated vehicles (AVs) – or self-driving cars – could be on Canadian roads between 2020 and 2025, with the economic benefits being more than $65 billion annually, reports the Conference Board of Canada. That benefit could be seen through collision avoidance, fuel cost savings and […]
6 min read
Sometimes seen as the "poor cousin" to auto insurance in terms of resources and investment, personal property is now a hive of activity in data analytics. Internal and external information is being used to delve into more specific by-peril rating, loss cost development and operational efficiencies.
By Craig Harris, Freelance Writer|Craig Harris, Freelance Writer | January 31, 2015
12 min read
The property and casualty industry in Canada has some work to do to determine the complex liability and coverage issues that are likely to unfold with the anticipated increase in use of drones. Globally, however, Canada is leading the way in permitting commercial drone and mandating that insurance protection be purchased.
By Joe Colby, Vice President of Claims; and Nellie Root, Senior Treaty Underwriter; Swiss Re|Joe Colby, Vice President of Claims; and Nellie Root, Senior Treaty Underwriter; Swiss Re | January 31, 2015
Talk of "claims transformation" in the property and casualty insurance industry is hardly new. Talk has already turned to action for some, businesses that have updated people, process and technology to answer the evolving and inevitable demands being fuelled by customer experience. However, is transformation now a business imperative to be relevant in the future?
By Angela Stelmakowich, Editor|Angela Stelmakowich, Editor | December 31, 2014
17 min read
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