HR
Survey data indicates that more than three in four employees think there are good opportunities in the property and casualty industry, but more than one in four p&c professionals who left their jobs went into a different industry.
By Peter Hohman, President and Chief Executive Officer, Insurance Institute of Canada | January 2, 2017
5 min read
BlackBerry has announced the creation of the BlackBerry QNX Autonomous Vehicle Innovation Centre (AVIC). John Chen, executive chairman and CEO of BlackBerry Limited and Canadian Prime Minister Justin Trudeau unveiled AVIC on Monday. Housed within the BlackBerry QNX facility in Ottawa, the centre will “accelerate the realization of connected and self-driving vehicles by developing production-ready […]
By Canadian Underwriter | December 20, 2016
3 min read
The merger agreement announced Sunday by Toronto-based Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG will give Fairfax a “rather different profile” of insurance business than it currently owns, but it is not clear what percentage of Allied World Fairfax would own if third-party partners are brought in. Fairfax’s holdings include Toronto-based […]
By Canadian Underwriter | December 19, 2016
4 min read
Fintech platform revenues derived from supporting the insurance industry will reach almost US$235 billion globally by 2021, up 34% year-over-year from an estimated US$175 billion this year, according to new findings from Basingstoke, England-based Juniper Research. The research company said in a press release on Monday that growth would be driven by a combination of […]
By Canadian Underwriter | December 13, 2016
2 min read
The continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an absence of mid-sized players, where there is a move to smaller, regional niche players and […]
By Jason Contant | December 7, 2016
The biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution, according to a new executive brief from Boston-based research and advisory firm Novarica. Released on Tuesday, the report, titled Five Potential Changes in 2017 for Insurance, details the areas where insurers see “real change” is likely next […]
By Canadian Underwriter | December 6, 2016
Aviva Canada has announced the 13 grand prize winners of the Aviva Community Fund (ACF) competition. The 13 grand prize winners will share $1 million in funding from ACF and will also have access to a number of free services from CanadaHelps.org – a partnership announced earlier this year to increase the impact of Aviva […]
Archway Insurance, one of Atlantic Canada’s largest insurance brokerages, announced on Tuesday that it will purchase Alliance Assurance effective Dec. 31. Alliance is one of the largest brokerages in New Brunswick, with nine locations serving communities across the province, Archway said in a press release. Archway reported that the Alliance offices will continue to operate […]
The key variables driving overall commercial insurance customer satisfaction in Canada and the United States are insurer profitability and broker expertise, according to the J.D. Power 2016 Large Commercial Insurance Study. The survey, which provides an “independent and objective” measure of overall satisfaction among large commercial insurance risk professionals in Canada and the U.S., was […]
By Canadian Underwriter | December 5, 2016
The province of Ontario is launching consultations until the end of January 2017, asking businesses and the public to help identify and improve regulations that are “unclear, outdated, redundant or unnecessarily costly” for the financial services sector. Feedback can be provided online at ontario.ca/RedTapeChallenge, a crowd-sourced platform that gives businesses and the public the chance […]
By Canadian Underwriter | December 1, 2016
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