Industry
Quebec drivers are happiest with their auto insurance product, while British Columbia drivers are the most critical of theirs, based on a recent online survey conducted by InsurEye. The Canadian company provides online analysis to help buyers manage their insurance. Survey results are based on an unspecified number of consumer responses and ratings from InsurEye’s […]
By Canadian Underwriter | May 14, 2012
2 min read
One of the most recognizable brands in insurance is launching an ambitious strategy to become a “global hub for specialist insurance and reinsurance” over the next decade. Vision 2025 is Lloyd’s plan to “truly internationalize the Lloyd’s underwriting community” by setting up a small number of underwriting hubs in key regions and focusing on “faster […]
A consortium relationship with Mitsui Sumitomo has allowed Ironshore Canada Ltd. to increase its specialty casualty lines capacity to $25 million. Among other things, the increased capacity “satisfies a demand for higher limits by global and domestic clients who are managing Canadian casualty exposures,” Stephen Stewart, vice president of Ironshore Canada Specialty Casualty, said in […]
1 min read
The Co-operators has announced its intention to acquire G&F Financial Group’s general insurance assets and Autoplan appointment. The deal is subject to regulatory approval and is expected to close June 30, 2012, reports The Co-operators, a Canadian-owned multi-product insurance company. The Co-operators says the deal would increase its presence in British Columbia. The number of […]
Canadian Underwriter magazine has launched inswire, a new real-time information web stream for the property and casualty insurance market. Online visitors will gain entry to what amounts to an ‘insurance newswire’, benefiting from a real-time industry news feed streamed live from a variety of sources on Twitter. There is no need for a personal Twitter […]
By Canadian Underwriter | May 11, 2012
Loss control managers now have access to an iPad app that provides another option for field inspectors using Risk Control Technologies Inc.’s RC inspection loss control solution. Users can complete their work in an offline state (if required), as well as leverage the native iPad tools such as the camera, GPS and touch-screen capabilities to […]
By Canadian Underwriter | May 10, 2012
British Columbia’s public auto insurer, the Insurance Corporation of B.C. (ICBC), has committed to consulting with the province’s brokers about a proposed shift to risk-based auto insurance pricing. The move represents one peg of ICBC’s much broader plan to modernize its service model over the next six to eight years. ICBC’s commitment is contained in […]
The auto insurance industry may suffer a steep decline if technology that reduces the frequency and severity of car accidents is widely adopted, concludes a new study by research firm Celent. The research points to four specific types of technology — telematics, collision avoidance, automated traffic law enforcement and, to a lesser degree, robotic vehicles […]
The Insurance Brokers Association of Alberta (IBAA) intends to import Ontario’s forthcoming broker mobile application technology to its home province. “At our annual general meeting [on May 6-9], our members definitely voted to be one of the first to sign up for this application, which seems to be what the future holds,” said Scott Treasure, […]
Nova Scotia brokers are tired of playing the role of a “regulator” when it comes to policyholders’ oil tanks, and want oil companies to assume responsibility for properly maintaining the tanks. “We seem to be the regulator,” Richard Bishop, president of the Insurance Brokers Association of Nova Scotia (IBANS), said at the annual general meeting […]
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