HR
More than four in 10 companies surveyed for an XL Catlin-sponsored study have reported achieving positive outcomes from digital transformation investments, especially those using digital technology at all levels of operations, from supply chains and distribution networks to compliance activities and analytics. The XL Catlin-sponsored study titled Operationalizing Digital Transformation: New Insights into Making Digital […]
By Canadian Underwriter | June 14, 2017
3 min read
Following the success of Aviva Pitch Day in 2016, Aviva Ventures announced on Tuesday that it will continue to invest in high potential digital startups around the globe. With $170 million to invest globally over the next four years “in digital startups that will help shape the future of insurance,” Aviva Canada will be hosting […]
By Canadian Underwriter | June 13, 2017
2 min read
Nearly three-quarters (73%) of businesses in the United States believe that their organizations are highly protected from attempts by outsiders to gain access to their systems and data, but “low cyber IQ” among employees poses a threat, according to a new survey by global advisory, broking and solutions company Willis Towers Watson (WTW). The findings, […]
By Canadian Underwriter | June 6, 2017
Aviva Canada announced on Wednesday that it has received its first presentation of ideas from its BrokerTech LaunchPad pilot program, “a program that gives insurance brokers the opportunity to present their ideas for technologies to disrupt, transform and lead the insurance industry.” Tom Reid, Aviva Canada‘s executive director, digital brokers, told Canadian Underwriter that “while […]
By Canadian Underwriter | June 1, 2017
The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector, released on Tuesday. The Centre for the Study of Financial Innovation’s (CFSI) latest Insurance Banana Skins 2017 survey, conducted with support from PwC, surveyed […]
By Canadian Underwriter | May 31, 2017
The insurance industry in Canada saw a 6.6% hike in the combined operating ratio for the first quarter of 2017, from 94.7% in Q1 2016 to 101.3% in the first three months of this year, MSA Research Inc. president and CEO Joel Baker said on Wednesday. Baker released the “sneak preview” of Q1 2017 results […]
By Jason Contant | May 24, 2017
The Insurance Brokers Association of Canada (IBAC) is now accepting nominations for the 2017 Dale Rempel Award of Excellence. The award, named after the IBAC governor, recognizes and celebrates those who are actively involved in the professional development of property and casualty insurance brokers and who demonstrate commitment and support of education and lifelong learning […]
By Canadian Underwriter | May 18, 2017
Just over half (53%) of Canadian small business owners (SBOs) and just under half (48%) of C-suite executives don’t feel confident about their current secure destruction systems for paper or electronic media, according to the seventh annual Shred-it Information Security Tracker Survey. The Shred-it survey, conducted by Ipsos, found that Canadian businesses might not be […]
By Canadian Underwriter | May 17, 2017
4 min read
An analysis of CEO successions at the world’s largest 2,500 public companies over the past 10 years shows a marked increase in forced turnovers for ethical lapses, although Canada is among the countries with the lowest incidence of such dismissals. Forced turnovers from ethical lapses rose 36% from 3.9% of all successions in the 2007-2011 […]
Rogers Insurance Ltd. announced on Tuesday that it will obtain a minority shares purchase of Megson FitzPatrick Inc. The partnership between Calgary-based Rogers Insurance and Victoria, B.C.-based Megson FitzPatrick became effective May 5, Rogers Insurance said in a press release on Tuesday. “This partnership strengthens both organizations tremendously,” Rogers Insurance chief operating officer Bruce Rabik […]
By Canadian Underwriter | May 16, 2017
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