Risk
The Reinsurance Association of America (RAA) commends the President’s Working Group (PWG) on Financial Markets for its Terrorism Risk Insurance report and its contribution to the assessment of the private terrorism insurance market. The RAA says the report builds on the numerous important databases in both the public and private sectors addressing the insurability of […]
By Canadian Underwriter | October 5, 2006
2 min read
A.M. Best Co. has affirmed an A+ (Superior) financial stability rating for Canadian property and casualty insurer Wawanesa Mutual Insurance Co.According to A.M. Best’s report, Wawanesa’s A+ (Superior) rating for 2006 is based on its “superior level of capitalization, strong balance sheet, above average liquidity, profitable operating performance, and leading market position in the Canadian […]
By Canadian Underwriter | October 4, 2006
1 min read
The US President’s Working Group (PWG) on Financial Markets has submitted its report on terrorism risk insurance that does not endorse an extension of the federal terrorism insurance financial backstop created by the Terrorism Risk Insurance Act (TRIA) in 2002. In a cover letter to the report Treasury Secretary Henry Paulson says TRIA has supported […]
By Canadian Underwriter | October 3, 2006
Setting up captive insurance companies, if done properly, can be an effective application of enterprise risk management, according to Standard & Poor’s.In an Oct.2 press release announcing its participation in the September 2006 Rims Canada conference in Calgary, Standard & Poor’s reiterated some of the benefits of obtaining financial strength ratings for captive insurance companies. […]
By Canadian Underwriter | October 2, 2006
ESIS, a risk management services company, has opened an office in Toronto under the name ESIS Canada, Inc. ESIS Canada will offer clients in the United States and Canada access to claims management and a wide range of risk control programs. Organized in 1953, ESIS is part of the ACE Group of Companies, headed by […]
September 30, 2006
Canada's property and casualty industry is encouraged to weigh the merits of mitigating driver distraction through policy premiums and coverage
By Craig Harris | September 30, 2006
9 min read
Without insurers' co-operation, the Facility Association Market Redesign will not be enough to keep FA numbers down
By Randy Carroll, Chief Operating Officer, Insurance Brokers Association of Ontario | September 30, 2006
6 min read
How insurance companies can help brokers sell to other brokers
By Igal Mayer, President and CEO, Aviva Canada | September 30, 2006
5 min read
Using the right technology, exception-based undewrwriting (EBU) can present a path for insurance companies to achieve operational excellence
By Glen Piller, President and CEO, inter8 Incorporated | September 30, 2006
Brokers are protecting themselves from direct writers by reinforcing their commercial lines of business, ramping up competition in this area. To stay competitive, brokers need to decide what kind of tech solution they really need -- a CMS, a BMS, or both?
By Michel Vigeant, Vice President, Sales and Business Development, Policy Works | September 30, 2006
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