Legal / Regulation
Quebec’s financial services regulator is urging caution following the “recent emergence of peer-to-peer risk sharing platforms.” The Autorité des marchés financiers (AMF) said in a press release on Tuesday that it has noticed that companies are offering consumers platforms where they can form pools to protect similar property without using an insurer. “Consumers are asked […]
By Canadian Underwriter | April 20, 2016
2 min read
HR
More than four in 10 (42% of) polled insurance companies “recognize the critical importance of cultural integration and of hiring and retaining employees to the overall success of a deal,” according to a survey of senior insurance executives conducted by Willis Towers Watson (WTW) M&A Risk Consulting in conjunction with Mergermarket. The research shows that […]
By Canadian Underwriter | April 19, 2016
Tech
LONDON – A collision between a British Airways passenger jet and a drone over London has left the plane undamaged but the aviation industry deeply shaken. British police and air accident authorities were investigating Sunday’s incident, in which an Airbus A320 carrying 137 people struck an object believed to be a drone at a height […]
By Jason Contant | April 18, 2016
4 min read
Leaders of the United Nations, the World Bank Group and the global insurance industry on Monday announced the formation of the Insurance Development Forum (IDF), which occurred at a high level meeting in Washington, DC, last week. The IDF has two aims: to incorporate insurance industry risk measurement know-how into existing governmental disaster risk reduction […]
By Canadian Underwriter | April 18, 2016
The Toronto Insurance Conference (TIC) is now accepting applications for the fourth year of its university scholarships program. Founded in 2013 and managed by the Insurance Institute of Ontario, the TIC Scholarships Program offers financial assistance for up to three $5,000 scholarships to applicants sponsored by TIC brokers, partners and staff, as well as other […]
Canadians are wary of driverless cars, with nearly two-thirds saying they would not trust a vehicle to drive itself while they are in it, according to new research released on Monday by the Canadian Automobile Association (CAA). CAA said that 63% of Canadians polled indicated that they would not trust a vehicle to drive itself […]
DETROIT – General Motors is recalling more than a million Chevrolet Silverado and GMC Sierra pickup trucks worldwide because the seat belts may not hold the driver in a crash. Most of the trucks were sold in the U.S. and Canada, but some are in Latin America and the Middle East. The company, which announced […]
Insurance providers with a mobile web presence need to ensure their pages load quickly, a Google Inc. executive suggested Thursday to industry professionals in Toronto during the Centre for Study of Insurance Operations (CSIO) annual members’ meeting. “Google is optimizing [Internet search] results based on your site speed,” said Sanjay Gosalia, head of industry, financial […]
By Greg Meckbach | April 15, 2016
The job of data scientist, which combines information technology, statistical analysis and other disciplines to interpret trends from data, has been rated as the best job of 2016 by U.S. job search website CareerCast.com. Professions in mathematics top the 28th annual Jobs Rated report, including the role of data scientist, which was only added to […]
By Canadian Underwriter | April 14, 2016
SAN DIEGO – RIMS, the risk management society, issued a new executive report Tuesday that explores how a formal risk appetite and risk tolerance statement “can become a powerful strategic tool for not only managing risk, but also for maintaining an effective balance between risk and reward.” “Aligning these statements with strategy has sparked a […]
By Jason Contant | April 12, 2016
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