HR
The biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution, according to a new executive brief from Boston-based research and advisory firm Novarica. Released on Tuesday, the report, titled Five Potential Changes in 2017 for Insurance, details the areas where insurers see “real change” is likely next […]
By Canadian Underwriter | December 6, 2016
2 min read
Aviva Canada has announced the 13 grand prize winners of the Aviva Community Fund (ACF) competition. The 13 grand prize winners will share $1 million in funding from ACF and will also have access to a number of free services from CanadaHelps.org – a partnership announced earlier this year to increase the impact of Aviva […]
3 min read
Archway Insurance, one of Atlantic Canada’s largest insurance brokerages, announced on Tuesday that it will purchase Alliance Assurance effective Dec. 31. Alliance is one of the largest brokerages in New Brunswick, with nine locations serving communities across the province, Archway said in a press release. Archway reported that the Alliance offices will continue to operate […]
The key variables driving overall commercial insurance customer satisfaction in Canada and the United States are insurer profitability and broker expertise, according to the J.D. Power 2016 Large Commercial Insurance Study. The survey, which provides an “independent and objective” measure of overall satisfaction among large commercial insurance risk professionals in Canada and the U.S., was […]
By Canadian Underwriter | December 5, 2016
The province of Ontario is launching consultations until the end of January 2017, asking businesses and the public to help identify and improve regulations that are “unclear, outdated, redundant or unnecessarily costly” for the financial services sector. Feedback can be provided online at ontario.ca/RedTapeChallenge, a crowd-sourced platform that gives businesses and the public the chance […]
By Canadian Underwriter | December 1, 2016
Mark Day, recipient of the Donald M. Stuart Award, sees risk professionals increasingly becoming part of conversations early on.
By Angela Stelmakowich, Editor | December 1, 2016
6 min read
Insurance firms that carry out a significant acquisition outperform their peers, with the strongest outperformance seen in North America, followed by Europe and Asia-Pacific, according to a new study. Based on analysis from Willis Towers Watson (WTW) and the University of London’s Cass Business School in the United Kingdom, the Insurance M&A Success Tracker explores […]
Burns Demeyere & Associates (BDA), a Tillsonburg, Ont.-based brokerage with a history dating back about 125 years, will join McFarlan Rowlands Insurance Brokers at the beginning of 2017. McFarlan Rowlands – which also has established roots in its community and has operated for more than 100 years – reported Monday that move means the London-based […]
By Canadian Underwriter | November 29, 2016
Cybercriminals are sometimes using distributed denial of service (DDoS) attacks as a “smokescreen” to distract businesses while hackers launch other attacks, cybersecurity company Kaspersky Lab said in a recently released survey. According to the 2016 Kaspersky Lab Corporate IT Security Risks study, more than half (56%) of businesses questioned are confident that DDoS attacks have […]
By Canadian Underwriter | November 25, 2016
A new “mobility services market” tied to products and services related to autonomy, mobility and connectivity will be worth well over US$1 trillion globally by 2030, according to a new report from KPMG. Deep learning – an advanced form of artificial intelligence and dynamic way of computerized decision-making – will drive significant change for autonomous […]
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