HR
American International Group, Inc. (AIG) announced on Monday that it will transition to General Insurance and Life & Retirement segments, as well as a new “standalone, technology-enabled platform.” AIG said in a statement that it is planning to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments and […]
By Canadian Underwriter | September 25, 2017
2 min read
While large financial institutions have made progress applying smart technologies like cloud, biometrics and big data analytics to their risk management functions, two-thirds (66%) of executives say skills deficiencies are impeding the effectiveness of the function as these technologies evolve, a new study from Accenture has found. The Accenture 2017 Global Risk Management Study, released […]
By Canadian Underwriter | September 20, 2017
3 min read
Hub International Limited announced on Friday that is has acquired P&C brokerage Integro (Canada) Ltd. Terms of the acquisition were not disclosed, Hub noted in a press release. With offices in British Columbia, Ontario and Quebec, Integro Canada is a commercial property & casualty brokerage specializing in complex risks, including construction, transportation, professional services, manufacturing, […]
By Canadian Underwriter | September 8, 2017
Getting younger people to choose the broker channel as a career remains a challenge, the incoming president of the Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter in a recent interview. “In the high schools is where it really should start – where people are looking for a career and find out that, yeah, […]
By Jason Contant | September 6, 2017
Augmented and virtual reality each boast considerable potential for impact within the insurance industry, with implications spanning risk mitigation, improved efficiency and loss ratios and enhanced customer service, Novarica said in a new executive brief. While their effect will be most impactful over time, augmented reality (AR) and virtual reality (VR) each have potential for […]
By Canadian Underwriter | August 29, 2017
Wawanesa Mutual Insurance Company, one of the largest property and casualty insurers in Canada with a growing presence in the United States, announced on Thursday that Chris Henn has been appointed president of its U.S. operations effective Aug. 31. Prior to this appointment, Henn held senior-level positions with Esurance, Nationwide Mutual Insurance Company and Progressive […]
By Canadian Underwriter | August 24, 2017
York University’s School of Continuing Studies said on Tuesday that it is responding to the “demand for comprehensive risk management training” by launching a new online Certificate in Risk Management course. The three-course online program (Risk Management Principles and Practices; Risk Assessment and Treatment; and Risk Financing) can be completed in just six months, York […]
By Canadian Underwriter | August 23, 2017
Global professional services company Accenture has opened a new “Liquid Studio” in Toronto to help clients “to turn ideas into innovative applications and solutions with speed and agility.” The Liquid Studio uses rapid development approaches, including agile methodologies and DevOps (a software development and delivery process), and then applies disruptive technologies such as artificial intelligence, […]
By Canadian Underwriter | August 18, 2017
Chicago, Ill.-based Hub International Limited announced on Monday that Hub Quebec has purchased “certain assets” from Patrice Varin, through a corporation held by him. Terms of the acquisition were not disclosed. Varin will join Hub Quebec, bringing with him a commercial line book of business focused on offering bonds and surety-related products, Hub noted in […]
By Canadian Underwriter | August 8, 2017
A huge divide exists between consumer expectations of their digital service experience and what is being delivered, with three-quarters of recently polled consumers in Australia reporting they will stop trying a digital app or service within a minute if it stops working or slows down. Findings in State of Digital Operations: Australia, clearly show “a […]
By Canadian Underwriter | August 2, 2017
4 min read
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