Risk
The share of e-commerce premiums is small today in most markets, but things are changing. Advances in technology are already playing an important part in framing consumers' expectations of how they want to browse, shop and be served by insurers.
By Kulli Tamm, Senior Economist, Swiss Re | May 31, 2014
5 min read
The risk landscape is changing, demanding that stakeholders adopt a wider view of what constitutes risk and how different risks can work together.
By Angela Stelmakowich, Editor | May 31, 2014
6 min read
The insurance industry needs to take additional actions to stop the significant problem of losses caused by individual fraudsters and organized crime rings. New technological advances have made it possible to analyze untapped data and shift the fight against fraud from the claim to the claimant.
By Kevin Deveau, Managing Director, FICO Canada | May 31, 2014
Use of predictive modelling is on the rise, an encouraging development in light of its promise to improve underwriting, pricing, claim management and other core functions. That said, overall use of predictive modelling fluctuates significantly by line of business and company size.
May 31, 2014
The United Kingdom may have a jolly good idea turned scheme turned potential competitive advantage when it comes to cyber security. The U.K. government’s Cyber Essentials (CE) scheme – which was introduced in April and went live June 5 – is meant to help businesses defend against cyber threats. Should businesses that become CE-certified opt […]
3 min read
CANADIAN MARKET Arthur J. Gallagher to acquire broker Noraxis Arthur J. Gallagher & Co. has signed a $422-million agreement to acquire Noraxis Capital Corporation – a subsidiary of Roins Financial Services Limited, which owns the RSA Canada group of companies – that, if approved, will leave the Illinois-based company holding majority equity interests. Upon completion […]
7 min read
Several insurers in Ontario have opted to use telematics to provide auto policyholders in the province with discounts. But some insurance professionals contend that only by also adding surcharges for risky behaviour will drivers be on their best behaviour and carriers be able to take full advantage of the technology.
By Greg Meckbach, Associate Editor | April 30, 2014
12 min read
It looks as though driverless vehicles will be part of the not-so-distant future. That said, issues such as liability and the role of insurance companies will need to be clearly defined before these vehicles hit the road.
By Catherine Kargas, Business Strategist and Vice President, MARCON | April 30, 2014
The increasing trend of abductions of those working abroad may signify that some perpetrators view kidnap for ransom as an acceptable revenue generator. But Canadian businesses involved in international trade owe their employees a duty of care that demands risk be assessed and appropriate response be available.
By Carol Graham, Executive Vice President and Chief Operating Officer, Sutton Special Risk | April 30, 2014
1 Allied World Assurance Company Holdings AG has opened a branch office in Toronto and named Gord Kerr [1] as its senior vice president, chief agent and branch manager. Prior to joining Allied World, Kerr spent four years as chief executive officer and chief agent for Arch Insurance Company’s Canadian operations, notes Switzerland-based Allied World. […]
April 30, 2014
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