HR
With digital innovation, customers are extracting more value from their insurance partners — and this will only continue to ramp up in 2018. Insurtech startups raised $985 million in 2017 Q2 alone; investments in startups have increased by 36% over the prior year. Insurtechs may be viewed as industry disruptors, but they are necessary allies […]
By Canadian Underwriter | January 3, 2018
2 min read
As chair of the board of the Insurance Institute of Canada (IIC), I see graduating insurance professionals who are educated, committed, and inspiring. Their sacrifice and determination in completing their Chartered Insurance Professional (CIP) and Fellow Chartered Insurance Professional (FCIP) designations inspires us and we can have confidence that the future of our industry is […]
By Canadian Underwriter | January 2, 2018
Most people in the industry anticipate a hardening of the market in 2018, the aftermath of an historic year of natural catastrophes. Some of the first signs of rising rates in the Canadian P&C industry are already starting to emerge. While the market cycle gives the industry much to talk about, it should not distract […]
New CEO for Manitoba Public Insurance The Government of Manitoba has announced that Benjamin Graham will become the new president and CEO of Manitoba Public Insurance (MPI), effective Feb. 1, 2018. Manitoba Premier Brian Pallister made the announcement in a press release on Dec. 15. Graham brings nearly 15 years of senior leadership to his […]
By Canadian Underwriter | December 21, 2017
3 min read
Dalton Timmis Insurance Group’s technological capabilities and its “unique abilities” in motorcycle and transportation insurance were among the factors that made it an ideal acquisition target for U.S. brokerage NFP Corp., the president of NFP in Canada said Wednesday. Marty Shaw told Canadian Underwriter that NFP’s strategic acquisition is the first Canadian P&C acquisition for […]
By Jason Contant | December 21, 2017
A new trade forum for managing general agents (MGAs) has been launched in Canada to help address changes in the market. The Canadian Managing General Agents forum (CAMGA) is an attempt to draw MGAs together and will provide an opportunity for discussion and networking, CAMGA membership secretary Gary Hirst told Canadian Underwriter Monday. While similar […]
By Jason Contant | December 19, 2017
The challenge for the property and casualty insurance industry in recruiting young engineers is that engineers generally want to make things instead of figuring out why things crashed or burned. “We have had a challenging time servicing our clients in the insurance industry primarily because it’s difficult to find good talent,” Jamie Catania, vice president […]
By Jason Contant | December 8, 2017
Guarantee Company of North America appoints two members to board of directors The Guarantee Company of North America has appointed Bev Wittmack and Dawn Tattle to its board of directors. Wittmack is a director of JEH Enterprises Inc., a privately-owned business consortium with major holdings in commercial and residential real estate in Canada and the […]
By Canadian Underwriter | December 7, 2017
More than six in 10 (63% of) risk management professionals in the United States and Canada reported performing functions in addition to risk management in their organizations, according to RIMS’ 2017 Risk Management Compensation Survey. One reason why is because of how much of a risk manager’s time is spent on insurance procurement, says Darius […]
By Jason Contant | December 6, 2017
Brokers need to be mindful of how they protect their clients’ information in the digital age, particularly when they transfer information to and from their office to work remotely from home. “We recognize that the digital era is upon us, but along with that, none of the rules have changed with respect to protecting clients’ […]
By Jason Contant | December 1, 2017
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