Industry
More than three quarters of mid-size to large companies in the United States will have cyber insurance coverage in the next year, suggests a new survey from Munich Re. In the survey of more than 100 risk managers at the Annual Conference of the Risk and Insurance Management Society (RIMS), held Denver in April, 77% […]
By Canadian Underwriter | June 4, 2014
2 min read
An information security research firm is warning of a “disconnect” among corporate board members “regarding the perceived value of confidential data,” while 56% of Canadian respondents to a survey said cyber threats “sometimes fall through the cracks” of existing security measures at their firms. Ponemon Institute LLC recently released Exposing the Cybersecurity Cracks: A Global […]
Insurance pricing tends to be less important for Generations X and Y as it is to Boomers, while older shoppers don’t see easy navigation as the most important aspect of an insurer’s website, a recent survey out of the United States suggests. In J.D. Power’s 2014 Insurance Website Evaluation Study, released Tuesday, 35% of Gen […]
By Canadian Underwriter | June 3, 2014
Property services firm FirstService Brands, a subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV), has acquired restoration firm Paul Davis Systems Canada for an undisclosed amount. The acquisition adds 63 franchises to Paul Davis Restoration’s North American business services platform, bringing the total number of franchises to 370. Paul Davis provides mitigation, restoration, reconstruction and […]
By Canadian Underwriter | June 2, 2014
1 min read
Canadian property and casualty insurers have started dipping their toes in the app pool, providing customers with a few options related to home and auto insurance. But current offerings skim the surface, with the potential of mobile apps running far deeper.
By Greg Meckbach, Associate Editor | May 31, 2014
6 min read
Predictive analytics to address issues such as claims fraud, underwriting and customer segmentation can help leverage business intelligence tools to create predictive models to more effectively and accurately make business decisions.
By Nicolas Michellod, Senior Analyst, Insurance, Celent | May 31, 2014
5 min read
Going paperless offers the promise of some significant efficiencies and costs savings. Combining different solutions, however, can provide brokers the biggest bang for the buck.
By Catherine Smola, President and Chief Executive Officer, Centre for Study of Insurance Operations | May 31, 2014
1 Aviva Insurance Company of Canada has announced that Sharon Ludlow [1] is the company’s new president, effective June 17. Ludlow’s last position was as president and chief executive officer of Swiss Re in Canada. In the newly created role at Aviva Canada, Ludlow will be responsible for its broker distribution operations and customer, marketing […]
May 31, 2014
4 min read
The Centre for Study of Insurance Operations (CSIO) is introducing draft versions of two pollution liability insurance application forms — one for premises owners and the other for contractors — with a working group scheduled to meet by webinar June 11. In an e-mail to members this week, Toronto-based CSIO sent PDF versions of the […]
By Canadian Underwriter | May 30, 2014
The use of telematics, to set auto insurance rates based on driving behaviour, presents both an opportunity and a risk for brokers, speakers suggested at a recent technology conference for brokers. “One of the things that you folks have that insurance companies don’t have is a very clear picture of the customer, what their needs […]
3 min read
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