Industry
Michael Brattman, president-elect of the Insurance Brokers Association of Ontario, emphasizes the importance of owning the future by collaborating with a variety of partners.
By Greg Meckbach, Associate Editor | September 30, 2014
5 min read
A new consumer survey from Towers Watson shows the Canadian market is ready for widespread adoption of usage-based insurance. But with the range of related products now available and consumer acceptance high, Canada could be a prime market for expansion of UBI.
September 30, 2014
Allianz Global Assistance Canada and TIC Travel Insurance Coordinators, with its subsidiary SelectCare Worldwide, have merged their travel insurance businesses in Canada, the firms announced Tuesday. Financial terms of the deal were not disclosed. Once closed, the combined entity – operating as Allianz Global Assistance – will be one of the largest travel insurance providers […]
By Canadian Underwriter | September 30, 2014
2 min read
Two independent insurance brokerages in Canada have joined together to create Navacord Inc., a new national brokerage network. Jones DesLauriers Insurance Management Inc. (JDIMI) and Lloyd Sadd Insurance Brokers have partnered, along with Fairfax Financial Holdings Ltd., to create the new platform, with Shawn DeSantis in the role of president and CEO and T. Marshall […]
1 min read
Executives in the insurance industry are more likely than those in other sectors to consider mobile and cloud computing as high priorities, an Accenture official suggested in a recent blog post. In February 2014, Accenture released a report titled Mobility Fueling the Data Surge, which was based on a survey of nearly 1,475 C-level executives […]
Too many homeowners don’t fully appreciate the risks involved with undertaking renovations to their homes, notes a new whitepaper out of the United States from ACE Private Risk Services. The report, Managing Home Renovation Risks for High Net Worth Homeowners, outlines major risks that can occur before, during and after construction and what can be […]
By Canadian Underwriter | September 29, 2014
Aviva Canada has launched its sixth Aviva Community Fund competition, which provides $1 million to “encourage Canadians to create positive change across the country through community initiatives.” Created in 2009, the competition has since provided more than $4.5 million in funding to 91 charities and community groups including youth programs, public schools, camps, animal shelters and centres for those affected […]
The Office of the Superintendent of Financial Institutions (OSFI) has released a revised Minimum Capital Test Guideline for property and casualty insurers, which comes into force Jan. 1, 2015. “This new version of the guideline represents a more robust risk-based test that more accurately aligns capital requirements to the risks faced by the property and […]
By Canadian Underwriter | September 26, 2014
The Insurance Institute of Canada recently announced a certificate program designed to give “deeper” technical knowledge to workers who already have IIC’s Chartered Insurance Professional (CIP) designation, as well as a one-day program intended to “give leaders with a non-insurance background a deeper understanding” of the property and casualty insurance industry. IIC chief executive officer […]
OTTAWA – Statistics Canada says police reported 9,084 incidents of cybercrime in 2012, more than half of which involved fraud. The agency says very few online fraudsters were identified by police. About 20 per cent of cybercrimes involved threats, with suspects identified in 55 per cent of the cases. About 16 per cent of reported […]
By The Canadian Press | September 25, 2014
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.
