Tech
Technological developments will profoundly change the way in which the re/insurance industry develops, distributes, underwrites and administers the insurance protection it sells to consumers, Swiss Re said on Monday. New technologies such as cognitive and cloud computing as well as big data will simplify and accelerate the industry’s underwriting process and reduce the price of […]
By Canadian Underwriter | September 12, 2016
2 min read
HR
CALGARY — Current trends around ownership of brokers by insurers is “basically leaving the mid- to large end of the commercial market to fight over,” Ulrich Kadow, chief agent, Canada for Allianz Global Corporate & Specialty Americas (AGCS), said in advance of RIMS Canada in Calgary. This year’s RIMS Canada Conference, the theme of which […]
By Jason Contant | September 12, 2016
4 min read
Risk and Insurance Management Society (RIMS) Inc. announced Friday that members interested in attaining the Certified Risk Management Professional (RIMS-CRMP) designation will soon be able to take the exam online. “Eligible practitioners will be able to take the online exam at their convenience from October 15 through December 15,” New York City-based RIMS stated in […]
By Canadian Underwriter | September 9, 2016
Legal / Regulation
The global banking, financial services and insurance (BFSI) security market is estimated to grow to nearly US$50 billion by 2021, driven by regulatory, security and cyber factors. Market research firm MarketsandMarkets said in a report released Thursday that the BFSI security market is estimated to grow from US$30.23 billion in 2016 to US$48.95 billion by […]
1 min read
Global insurance brokerage Hub International Limited announced on Thursday that it has acquired Barrie, Ont.-based Sarjeant Insurance Brokers Limited. Terms of the acquisitions were not disclosed. Hub has acquired the shares of Sarjeant, which specializes in providing property and casualty insurance solutions, including auto, residential, recreational vehicle and watercraft insurance, as well as “private client […]
By Canadian Underwriter | September 8, 2016
Changes to Saskatchewan Government Insurance’s (SGI) Safe Driver Recognition (SDR) program, which rewards the safest drivers with the biggest discounts and imposes stiffer consequences for high-risk drivers, take effect on Oct. 12. The program was implemented in 2002 to reward safe drivers and encourage risky drivers to change their behaviour. SGI began reviewing the program […]
3 min read
Global insurance brokerage Hub International Limited has acquired Edmonton-based New Dimensions Underwriters Ltd. The terms of the acquisition of the managing general agency were not disclosed, notes a statement this week from Chicago-based Hub International, which provides property and casualty, life and health, employee benefits, investment and risk management products and services. Russ Davis, owner […]
Symcor Inc., a Canadian provider of business processing and client communications management systems, announced on Wednesday a strategic relationship with Majesco, a global provider of core insurance software, consulting and services for insurance business transformation. The strategic relationship adds Majesco’s award-winning software to Symcor’s cloud and outsourcing capabilities to provide an Insurance as a Service […]
By Canadian Underwriter | September 7, 2016
More than 90% of the millennials in the U.S. taking part in a Vertafore survey say they view the industry as fulfilling for long-term careers that meets important criteria commonly identified as essential for job satisfaction. The finding is at odds with the persistent perception that millennials regard insurance as “boring” and an unlikely career […]
By Canadian Underwriter | September 6, 2016
Will spinning the ransomware wheel mean boom or bust for businesses and organizations? The malicious software is increasingly being used to test security preparedness. Absent well-conceived, committed and ongoing protection, though, this malware du jour is likely to continue its costly winning streak.
By Angela Stelmakowich, Editor | September 5, 2016
14 min read
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