Industry
Insurers are in a position to transform business models but need to understand the importance of efforts around claims, the moment of truth for insurers, where they deliver on their promises to policyholders in terms of customer service and restoration, suggests a new report from Strategy Meets Action (SMA). Claims are the single most critical […]
By Canadian Underwriter | April 1, 2015
2 min read
IBM Corp. announced this week it will introduce a computing service “that helps insurance companies extract insight from connected vehicles” and that The Weather Company’s professional unit will integrate its data with IBM’s analytics and cloud services. Cloud computing is essentially a name for a service whereby organizations use someone else’s computer server and storage […]
3 min read
A career in insurance has proved a perfect fit for Clay Germain's entrepreneurial spirit and love of a varied environment.
By Angela Stelmakowich, Editor|Angela Stelmakowich, Editor | March 31, 2015
5 min read
Ontario’s financial regulator has released an infographic to its website warning about the insurance risks related to ride-sharing programs. Ride-sharing services use an online app to connect passengers with drivers using their personal vehicles. The infographic, released last week by the Financial Services Commission of Ontario (FSCO), noted that “the services may signicantly impact your […]
By Canadian Underwriter | March 31, 2015
The recent slide in the price of oil will influence the Canadian economy over the next two years, but there may be a silver lining for the property and casualty industry in that the lower gas prices expected to follow could lead to an uptick in the demand for personal insurance products, suggests Gregor Robinson, […]
4 min read
TORONTO – An Ontario judge ought to revisit the majority of her convictions in a case involving a deadly explosion at a Toronto propane plant nearly seven years ago, the lawyer for Sunrise Propane and its directors argued Monday. The company and directors Shay Ben-Moshe and Valery Belahov were found guilty in June 2013 of […]
HALIFAX – Transportation Safety Board investigators were spending most of Monday sifting through debris and documenting the site of an Air Canada flight that crashed Sunday at Halifax’s airport. Mike Cunningham, the regional manager of air investigations, said a team of investigators were looking through debris from the point where the plane touched down at […]
By Canadian Underwriter | March 30, 2015
Global reinsurer capital rose by 6% to $US575 billion in 2014, including a 28% increase in alternative capital to $US64 billion, according to the latest Aon Benfield Aggregate (ABA) study. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, launched the report on Monday. It analyzed the financial results of 31 major […]
An auto insurance group in Quebec unveiled a new online tool on Monday that explains to drivers who’ve had an accident or had their car stolen, or suffered any other loss, what they need to know step by step. The Groupement des assureurs automobiles (GAA) announced the auto claims settlement tool, a web resource that […]
New technologies, competition and customer demands will work together to radically change traditional supply chains over the next five to 10 years, notes a new report issued last week by international trade association MHI and Deloitte. Firms polled report that they expect to invest heavily in new supply chain technologies over the next two years […]
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