HR
Worldwide spending on the Internet of Things (IoT) was forecast to reach US$737 billion in 2016 and grow at a compound annual growth rate (CAGR) of 15.6% from 2015-2020 to US$1.29 trillion, according to the International Data Corporation (IDC). The Framingham, Mass.-based IDC, a global provider of market intelligence, advisory services and events for the […]
By Canadian Underwriter | January 5, 2017
4 min read
Crawford & Company announced on Thursday that it has finalized its majority acquisition of WeGoLook LLC, an online and mobile collaborative economy platform headquartered in Oklahoma City. Crawford & Company, an independent provider of claims management solutions to insurance companies and self-insured entities, said in a press release that the strategic investment will “empower Crawford […]
3 min read
Global insurance brokerage Hub International announced on Wednesday that it has acquired Canadian-based Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. (together as Mainline). Terms of the acquisition were not disclosed. Based in southeastern Saskatchewan, Mainline has 16 offices throughout the province and is […]
2 min read
Brokerage adoption of nine key technologies has risen by 12% across Canada to a new high of 69%, according to the Centre for Study of Insurance Operations (CSIO). The announcement on Wednesday kicks off the second year of CSIO’s Technology Scorecard, which compares brokerage adoption against the provincial average for the following technologies: eDocs, CSIOnet, […]
By Canadian Underwriter | January 4, 2017
RIMS, the risk management society, announced on Tuesday that Nowell R. Seaman will lead the society as its 63rd president for the 2017 term, which became effective Jan. 1. Seaman, RIMS-CRMP, FCIP, CRM, has been a member of RIMS for 21 years and on its board of directors for nine years, the society said in […]
By Canadian Underwriter | January 3, 2017
Survey data indicates that more than three in four employees think there are good opportunities in the property and casualty industry, but more than one in four p&c professionals who left their jobs went into a different industry.
By Peter Hohman, President and Chief Executive Officer, Insurance Institute of Canada | January 2, 2017
5 min read
BlackBerry has announced the creation of the BlackBerry QNX Autonomous Vehicle Innovation Centre (AVIC). John Chen, executive chairman and CEO of BlackBerry Limited and Canadian Prime Minister Justin Trudeau unveiled AVIC on Monday. Housed within the BlackBerry QNX facility in Ottawa, the centre will “accelerate the realization of connected and self-driving vehicles by developing production-ready […]
By Canadian Underwriter | December 20, 2016
The merger agreement announced Sunday by Toronto-based Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG will give Fairfax a “rather different profile” of insurance business than it currently owns, but it is not clear what percentage of Allied World Fairfax would own if third-party partners are brought in. Fairfax’s holdings include Toronto-based […]
By Canadian Underwriter | December 19, 2016
Fintech platform revenues derived from supporting the insurance industry will reach almost US$235 billion globally by 2021, up 34% year-over-year from an estimated US$175 billion this year, according to new findings from Basingstoke, England-based Juniper Research. The research company said in a press release on Monday that growth would be driven by a combination of […]
By Canadian Underwriter | December 13, 2016
The continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an absence of mid-sized players, where there is a move to smaller, regional niche players and […]
By Jason Contant | December 7, 2016
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