Industry
Men seem more willing than women in the United Kingdom to have vehicles fitted with telematics devices that can monitor driving behaviour and set insurance premiums, note findings from a poll commissioned by Towers Watson. The poll of 1,930 people – with responses weighted by gender and age group – showed a more than 60/40 […]
By Canadian Underwriter | September 4, 2012
2 min read
Stephen Halsall, the incoming president of the Insurance Brokers Association of Canada, has his sights on a familiar road ahead.
By Angela Stelmakowich, Editor | August 31, 2012
4 min read
As the difficult economic conditions over the past few years have continued to expose weaknesses in many international financial institutions, it is clear that a co-ordinated international approach to regulation has never been more important.
By J. Brian Reeve, Partner, Cassels Brock & Blackwell LLP | August 31, 2012
7 min read
Some in the Canadian insurance industry are looking to increase market share and appear willing to try to grow volume through mergers and acquisitions (M&A).
By Julian Brown, Partner and Vanessa Iarocci, Director, PwC's Deals practice | August 31, 2012
6 min read
The confluence of two technology trends - the massive adoption of personal technologies and the pervasive rise of social networking - is having an enormous impact on consumer behaviour. And the insurance industry is by no means immune to the effects of these shifting dynamics.
By James Hogg, Partner, Insurance, IBM Global Business Services | August 31, 2012
5 min read
1 George Cooke [1] announced in August that he would be retiring as president of The Dominion, formerly The Dominion of Canada General Insurance. Cooke began his distinguished career with the company 20 years ago as president and CEO. He will remain as CEO until December 31, 2012, will continue as executive vice president of […]
August 31, 2012
An Insurance Bureau of Canada (IBC) study on oil tank spills in Atlantic Canada shows the events prompted $78.58 million in claims for participating insurance companies from 2008 through 2011. In all, there were 663 domestic oil spill insurance claims made over the four-year period. In Atlantic Canada, 42% of homes have an oil tank. […]
By Canadian Underwriter | August 31, 2012
1 min read
The B.C. Oil and Gas Commission has penned several recommendations in response to its finding that anomalous seismicity in isolated areas of northeast British Columbia was the result of hydraulic fracturing. “The investigation has concluded that the events observed within remote and isolated areas of the Horn River Basin between 2009 and 2011 were caused […]
Aon Risk Solutions Canada has named Allan Hetz as its new manager of the National Centre of Excellence, large construction and projects. Hetz will be responsible for team management, broking strategy and product development. His most recent position was as national assistant vice president for contractors, setting the vision, strategy and direction of the segment. […]
The management and utilization of “big data” is critical in competitiveness within the insurance industry, states a recent report from Gartner. However, most insurers struggle with understanding just what big data is, as well as lacking the data governance, information technology (IT) foundation and IT investments to support big data initiatives. These will require larger […]
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