Industry
Catastrophe rates were up as of Canada's January 2012 renewal season. The implications for primary rates, particularly in personal lines, should be clear. Will the upward pressure affect commercial lines?
By Donald P. Callahan, President, CEO, Guy Carpenter Canada | February 29, 2012
5 min read
Automation helps the claims process for repairable vehicles, and now it is being applied to the process for total loss claims as well.
By Bruce Carrick, Senior Director, Product Management, Mitchell International | February 29, 2012
4 min read
Canada's commercial insurance market is "in transition," meaning rates have flattened out in most lines of business, with small increases in some areas such as property. Few, however, see signs of an actual hardening.
By Craig Harris, Freelance Writer | February 29, 2012
7 min read
Secondary market liability class actions have increased markedly in Canada, resulting in new policy wordings. How the new policy language will fare in the courts is anybody's guess.
By Jay Cassidy and Alexandra Kindbom, Marsh Canada Ltd. | February 29, 2012
Canadian consumers are increasingly exploring their property and casualty options online, but they still demand direct personal contact throughout the policy lifecycle and at renewal, an Ernst & Young report found. Ernst & Young surveyed more than 24,000 insurance consumers around the world for its Global Consumer Insurance Survey 2012. Canadian consumers are for the […]
By Canadian Underwriter | February 29, 2012
2 min read
Canadian drivers in the 56-60 age category can pay an average of up to $15 per month less for car insurance premiums than younger drivers in the 41-45 age bracket — unless you live in Ontario. InsureEye Inc., a Canadian company providing independent online services to help consumers better understand and manage their insurance, found […]
1 min read
Debris from the March 11, 2011 tsunami in Japan will likely make landfall on the coast of British Columbia between March 2013 and March 2014, according to the National Oceanic and Atmospheric Administration (NOAA). The massive debris field has been dispersed by ocean current and is now spread out approximately 3,000 miles, halfway across the […]
After absorbing historic catastrophic losses in 2011 in excess of $100 billion, reinsurers responded in a fragmented way during the Jan. 1, 2012 renewal season, according to a report by Guy Carpenter. The report, Catastrophes, Cold Spots and Capital, notes that “while the market has tended historically to respond to loss activity or model change […]
Xactware has added an upgrade, ‘Sketch,’ to the latest version of its mobile estimating app XactScope, allowing estimators to sketch floor plans using iOS devices. XactScope is a mobile estimating app for the iPhone, iPad and iPod touch. It now includes Xactware’s patented Sketch technology. Using a touch screen, estimators can sketch rooms, stairs, roofs, […]
The Dominion of Canada General Insurance Company has launched a free mobile app for its auto and property policyholders. The Dominion’s mobile app includes: The app also allows for broker branding. Once downloaded, the consumer can enter a unique broker code that will automatically populate the app with the broker’s branding and information. “Fraudulent claims […]
By Canadian Underwriter | February 28, 2012
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