Risk
CANADIAN MARKET Quindell, U.K. firm to partner on car offering Insurance technology firm Quindell has partnered with RAC, an auto services and insurance firm in the United Kingdom, to create a new business to distribute Quindell’s telematics technology. Including a £30-million investment split fairly equally between the firms, Connected Car Solutions Limited will market and […]
April 30, 2014
6 min read
Businesses looking to achieve long-term success need to keep their heads in the game. For brokers and insurers to both win, things must advance beyond creating effective interaction between systems to a common form of data exchange where information flows between multiple systems.
By Brenda Rose, Vice President and Partner, FCA Insurance Brokers and Technology Champion, Insurance Brokers Association of Canada | March 31, 2014
7 min read
Who is in control of claims? Historically, insurers have settled and paid their own claims, rarely consulting with reinsurers. But reinsurers are increasingly asking for claims meetings, additional information and original claim reports. Is the approach to claims in need of reform?
By Robert Wildbore, Executive Vice President, Willis Re Canada; and Nick Goulder, Associate, International Casualty Director, Willis Re | March 31, 2014
5 min read
Getting all the necessary ducks in a row has become a pressing issue in light of the possible competitive advantage gained.
By Angela Stelmakowich, Editor | March 31, 2014
3 min read
Fire protection is far from standardized in Canada. This inconsistency, coupled with the return of some bad habits, demands that insurers diligently adjust premiums based on the Canadian Fire Insurance Grading Index, thereby reflecting true risk and avoiding artificially low rates that spur municipal cuts to fire budgets.
By Michael Currie, National Technical Director, Fire Underwriters Survey | March 31, 2014
When it comes to a person's home, reducing risk is a top priority. Home automation has become an extension of home security, offering a means to detect an unlocked door or view video feeds in rooms. But it can also be used to detect potentially damaging events, such as a leaking pipe, that might otherwise end up in a claim.
By Ian Pattinson, Vice President, Rogers Smart Home Monitoring | March 31, 2014
4 min read
1 Toronto commercial broker Aligned Insurance Inc. officially launched operations in Ontario March 25. Led by president and chief executive officer Andrew Clark [1], Aligned Insurance is targeting organizations in and around the Greater Toronto Area. The new independent firm is offering a 0% commission (fee-only) structure, says Clark, who has worked with Aon’s business […]
March 31, 2014
Ginny Bannerman, recipient of the CIP Society's established leader award, picked up some leadership attributes from her father while he was running the family brokerage that still serve her today.
By Greg Meckbach, Associate Editor | March 31, 2014
REGULATION Ottawa drafts rules on mutual conversions Economical Insurance has “welcomed” the federal government’s proposal to broaden the Cabinet’s power to make regulations on the conversion of mutual insurance companies into companies with common shares. Conservative MP Peter Van Loan tabled Bill C-31 in the House of Commons in March. In addition to implementing part […]
A mix of environmental, economic and sociological pieces make up a costly puzzle when it comes to water damage risk and the potential effect on Canadian property insurance pricing.
By Canadian Institute of Actuaries, Research Committee/Property & Casualty Research Subcommittee | February 28, 2014
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