Industry
Satisfaction with Canadian auto insurance carriers has improved across all regions in the country since last year, mainly because of fewer premium increases and improved policy offerings, according a new study from J.D. Power and Associates. The 2012 Canadian Auto Insurance Satisfaction Study, released Sept. 25, measures Canadian customers’ experiences with their primary auto insurers. […]
By Canadian Underwriter | September 25, 2012
2 min read
Dan Riordan has been appointed CEO of Zurich’s global corporate in North America (GCINA) business, effective Oct. 1, the insurer recently announced. He succeeds Mike Kerner, who was recently appointed CEO of general insurance. In his new role, Riordan will be responsible for the direction, management and performance of the GCINA business, one of the […]
The Insurance Brokers Association of Ontario (IBAO) is seeing encouraging signs, including those around technology and the use of social media, that bode well for the health of the broker channel moving forward. There are a number of exciting efforts coming out of the Insurance Brokers Association of Canada (IBAC), commented Rick Orr, president of […]
By Canadian Underwriter | September 24, 2012
1 min read
Claims
The property and casualty (P&C) industry will continue to be hit hard by extreme weather events and needs to be proactive in their catastrophe modelling and industry dialogue about climate change, says one advocacy group. A September 2012 report from Ceres, Stormy Futures for U.S. Property/Casualty Insurers: The Growing Costs and Risks of Extreme Weather […]
Climate Week NYC began Sept. 24, with reinsurance giant Swiss Re and the province of Quebec two major sponsors behind the event. Swiss Re is a founding sponsor of the global forum for businesses and governments to discuss tackling the major implications of climate change. Climate Week’s first event included speeches from former British prime […]
Aviva Canada has opened up its Community Fund competition for the fourth year, where Canadians can have a chance to win $1 million toward a project that will benefit their community. Canadians can visit and submit ideas that they think will have a positive impact on their local community. Entrants can then rally support from […]
Rating agency A.M. Best affirmed and upgraded ratings for RSA Group of Canada’s companies. Best affirmed the financial strength rating of “A” (excellent) and issuer credit rating of “a” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada) and Western Assurance Company, as well as Quebec Assurance Company. Those companies, known together as […]
The United States and Canada have had billions of dollars of damages from wildfires, storms and a major hurricane, while South America and Oceania saw no major disasters in August, says an Aon Benfield report. In the company’s Global Catastrophe Recap for August, it suggests that claims from storm damages in the Calgary area will […]
By Canadian Underwriter | September 21, 2012
Insurers are at least beginning to explore using predictive analytics in their claim operations, but few have actually yet applied it to their businesses, according to recent survey results from Towers Watson. The September 2012 Claim Best Practice Innovations and Measuring their Impact, surveyd 41 chief claim officers (CCOs) between June 5 and July 9 […]
Arctic sea ice reached its minimum extent for the year on Sept. 16 to smaller than 3.5 square kilometres, the lowest seasonal minimum extent on record since 1979, the National Snow and Ice Data Center in the United States has reported. The ice extent will grow during the autumn and winter, but shifting wind patterns […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
