Industry
Towers Watson has launched a new software offering for property and casualty pricing and underwriters, available globally. The new Radar software includes four products, the main offering being Radar Base. It allows for modelling and reporting for a variety of purposes, including portfolio monitoring, competitor rate analysis and business plan development. The tool also allows […]
By Canadian Underwriter | September 27, 2012
1 min read
If chief information officers (CIOs) at insurance companies had an extra $5 million in their budgets, most would target data and analytics as the top areas of spending, says a new report. Novarica, the research arm of consulting firm Novantas, posed the question to its insurer network of what they would do with an extra […]
By Canadian Underwriter | September 26, 2012
Most executives in the global financial services industry are confident in their companies’ information security programs, but they may not be as safe as they think, a recent report suggests. The Global State of Information Security Survey 2013, led by PricewaterhouseCoopers, included 1,338 respondents from the financial services industry, from companies of varying sizes worldwide. […]
2 min read
Lloyd’s of London has reported an interim profit of £1.53 billion (about $2.4 billion) for the first half of 2012 (ending June 30), the highest in five years. This is despite 2011 being what the company calls “the most expensive year on record for the insurance industry,” when it posted a loss of £697 million […]
Burns & Wilcox Canada has announced Nicole Abraham, BA, CIP, CRM as its new national sales and marketing manager, as part of its expansion strategy here. Abraham has more than 12 years of industry experience. Her most recent roles include business development manager and leader of broker management with Unica Insurance Company, where she worked for […]
Economical Insurance has partnered with Junior Achievement of Canada for an program that helps grade 8 students develop business-related skills and plan for their futures. Economical is providing $100,000 for volunteer support for the Economics for Success program, an initiative where students can explore opportunities for the future.. Volunteer mentors from Economical will visit the […]
By Canadian Underwriter | September 25, 2012
Montreal insurance provider XN Financial Services (Canada) Inc. has integrated staff and operations from Canadian Intermediaries Ltd. under its XN Special Risks brand. “Canadian Intermediaries Ltd. has an established reputation for expertise and solutions delivery, a substantial portfolio of business and is an ideal vehicle through which to distribute XN Financial’s suite of products in […]
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. […]
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
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.
