Industry
The time is nearing for Economical Insurance to unlock its “potential to compete on a level playing field with larger competitors and become a leading force in the Canadian property and casualty industry,” chairman Gerry Hooper said in prepared remarks at the company’s annual general meeting (AGM) Wednesday. Pointing out “there are a few moments […]
By Canadian Underwriter | June 25, 2015
4 min read
Saskatchewan Government Insurance (SGI) said on Thursday that police in the province ticketed more than 3,000 speeders during May’s traffic safety spotlight focusing on impaired driving. In addition to the speeding ticket, there were also 131 offences related to alcohol or drug use while driving, including three zero blood alcohol content (BAC) (zero to .08) […]
1 min read
Navacord Inc., one of the largest privately owned and largest commercial brokers in Canada, announced on Thursday that Alberta brokerage Iridium Risk Services – which is focused exclusively on the Canadian and international energy sector – will join Navacord effective June 30. T. Marshall Sadd, executive chairman at Navacord, said in a press release that […]
2 min read
Cowan Insurance Group has announced the availability of a private client risk management solution that reflects both the wants and meets the unique and complex insurance needs of high-net-worth clients. Led by a team of risk and investment experts, COWAN INFINITE offers tailor-made wealth management products and services, as well as personal and business insurance […]
Three-quarters of respondents in New Zealand show little confidence that business preparedness is sufficient to keep data secure and confidential in the event of a breach, suggests the Insurance Council of New Zealand (ICNZ). Results of research released Thursday by ICNZ indicate that 76% of respondents believe New Zealand businesses are not well-prepared to manage […]
3 min read
Guy Carpenter & Company, LLC has announced the availability of a new version of its risk and capital management decision-making tool, changes to which will provide users with greater flexibility and detailed reports. MetaRisk 8’s new reporting and catastrophe modelling enhancements will provide expanded reports and database outputs that can be incorporated into other systems […]
NEW YORK – Ford is following the ride-sharing craze, launching its own pilot program in six U.S. cities and in London. Under the program, customers who finance their vehicles through Ford Motor Credit will be able to rent their vehicle to pre-screened drivers for short-term use, helping to defray some monthly vehicle ownership costs. “As […]
By The Canadian Press | June 24, 2015
Insurance provider Aviva Canada announced on Tuesday that the Aviva Community Fund is returning on Sept. 15 for the seventh year in a row. This year’s competition has been changed to help make it easier to win funding, Aviva Canada said in a press release. Specifically, the rounds of voting have been reduced to one, […]
By Canadian Underwriter | June 24, 2015
Traditional insurance providers should not overlook how data analytics can be used to transform customer satisfaction, but are not fully leveraging the data they already have, suggests a new report from Capgemini Consulting. Released Tuesday, Fixing the Insurance Industry: How Big Data Can Transform Customer Satisfaction notes that 46% of surveyed insurance companies believe not […]
5 min read
The Centre for Study of Insurance Operations (CSIO) announced earlier this week eDelivery, a new solution that allows broker and insurer members to leverage CSIOnet and eDocs to deliver personal lines policy documents to insureds through Canada Post’s epost platform. An epost digital mailbox allows users to conveniently manage their financial documents in one place […]
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