HR
Global professional services firm Marsh & McLennan Companies, Inc. (MMC) has announced the appointment of John Doyle as chief executive officer of Marsh, effective immediately. Doyle will report to MMC president and CEO Dan Glaser and continue to serve on the company’s executive committee, Marsh said in a press release earlier this week. “A highly […]
By Canadian Underwriter | July 7, 2017
3 min read
The insurance industry has been very incremental in dealing with disruption and needs a drastic shift from historical analysis to predictive, future risk models, a speaker suggested on Wednesday at the Insurance Analytics Canada Summit. “You cannot disrupt with incrementalism,” Pranav Pasricha, chief executive officer at Intellect SEEC said at conference, held at the Toronto […]
By Jason Contant | June 30, 2017
Aviva Canada said earlier this week that is urging the Government of Quebec to maintain the 20% ownership limit of insurance brokerages by insurers in order to “reduce the potential for any conflict of interest and to enhance consumer confidence in the insurance industry.” The 20% rule has enabled Quebec to create a robust and […]
By Canadian Underwriter | June 29, 2017
2 min read
An Accenture survey of nearly 800 financial services executives across Europe, Asia and North America found that more than half of financial institutions plan to increase their investments in major corporate transformation initiatives, or “change programs,” over the next 12 months, primarily due to cost pressures, new regulations, increased customer expectations and digital disruption. The […]
By Canadian Underwriter | June 26, 2017
More than one-third of the world’s top insurance companies have appointed an executive – commonly known as a chief digital officer (CDO) – to oversee the digital transformation of their business, according to a new study from Strategy&, PwC’s strategy consulting business. Overall, 19% of the world’s top 2,500 companies have appointed a CDO, Strategy& […]
A little competition could be a good thing, especially when it comes to building a cyber security culture, cyber expert Michael Echols suggested last week during a symposium co-hosted by the Travelers Institute and Economic Club of Canada. Developing a solid defence against cyber attacks requires considering the people side of the equation, said Echols, […]
By Canadian Underwriter | June 22, 2017
Arch Reinsurance Company announced on Friday that François Dagneau will be appointed to the position of chief executive officer of its Canadian branch this month. Dagneau will replace Patrick McGuiness, who is retiring from Arch, the company said in a press release. Dagneau joins Arch Re’s Canadian operations with more than 25 years of experience, […]
By Canadian Underwriter | June 16, 2017
The Insurance Brokers Association of Ontario (IBAO) and Intact Insurance Company announced on Friday that they have created a working group to explore ways for brokers to integrate Intact’s new online Client Centre with their existing systems. This newly-formed group between Intact and IBAO’s Technology Committee will examine ways brokers can integrate the Client Centre […]
The insurance industry will be profoundly disrupted by technological change, Vincent J. Dowling, Jr., managing partner of Dowling & Partners Securities LLC, told attendees at Marsh & McLennan Companies, Inc. (MMC)’s Young Professionals’ Global Forum 2017 in London, U.K. on Wednesday. “In your careers, personal and commercial auto (insurance) business will be gone,” as it’s […]
By Canadian Underwriter | June 15, 2017
Companies in Canada and around the world are being increasingly impacted by risk, with nearly three quarters (72%) of business leaders polled in a recent survey “citing that they believe we are living in a riskier world,” said a new survey from BDO Canada. The findings were published in the latest Global Risk Landscape Report, […]
By Canadian Underwriter | June 14, 2017
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