HR
Only half of global insurers polled believe that they are capable of extracting and sustaining value from business transformation initiatives, with 57% admitting that their transformation efforts to date have been “less than successful,” according to a new report from KPMG International. The KPMG report, through Forbes Insights, was released on Monday. KPMG surveyed more […]
By Canadian Underwriter | June 13, 2016
3 min read
Zurich Insurance Group announced on Friday a reshaping of the company, which includes the creation of the new role of chief operating officer (COO) and a move to a “simpler, more customer-oriented structure.” “Over the coming months, the business will move to a simpler, more customer-oriented structure, reducing complexity, creating greater accountability and empowering teams […]
By Canadian Underwriter | June 10, 2016
2 min read
The increased adoption of cloud-based services among enterprises is the primary driver for growth in the global critical infrastructure protection market, according to global market research company Technavio. Research analysts at Technavio predicted on Wednesday that the global critical infrastructure protection market – which includes technology (cyber and physical security) and physical security (software, alarms […]
By Canadian Underwriter | June 9, 2016
MGB Claims Consultants Inc. announced on Wednesday that it has acquired ProFormance Group Insurance Solutions Inc. “as part of an overall strategy for expansion to better service our clients and strengthen our presence in both the Lloyds of London and Canadian marketplace.” Based in Pickering, Ont. and founded in 2008, ProFormance Group provides third party […]
1 min read
Organizations need to take some risks, and risk managers need to understand the value of taking such risks, Risk and Insurance Management Society Inc. (RIMS) said in a report announced Tuesday. “Usually risk is defined as the possibility of loss or injury, but the idea of risk is more complicated that than,” wrote Jessica Wasserman, […]
By Canadian Underwriter | June 8, 2016
Sixty per cent of digital businesses will suffer major service failures by 2020 due to the inability of IT security teams to manage digital risk, according to a special report from Gartner, Inc., an information technology research and advisory company. As organizations transition to digital business, a lack of directly owned infrastructure and services outside […]
By Canadian Underwriter | June 6, 2016
Sedgwick Claims Management Services, Inc. and its subsidiary Vericlaim announced on Wednesday that they will expand their services available in the Canadian market. In addition to Sedgwick’s existing third-party administration (TPA) operations, the companies will offer high-quality claims administration and adjusting services designed to meet the specific needs of the Canadian market in the areas […]
By Canadian Underwriter | June 1, 2016
The Insurance Brokers Association of Ontario’s (IBAO) executive committee announced on Wednesday that Jim Murphy has moved on from his role as CEO of IBAO, effective immediately. “This is an important time for IBAO,” Michael Brattman, IBAO chair, said in a brief statement. “The broker channel faces several exciting developments, including innovation, product reform and […]
The Insurance Brokers Association of Canada (IBAC) is accepting nominations for the 2016 Dale Rempel Award of Excellence, which recognizes an individual who has demonstrated commitment and support of education and life-long learning for those working in the property and casualty industry. Named after the late Dale Rempel – a passionate believer in broker professional […]
By Canadian Underwriter | May 31, 2016
Intact Insurance announced on Monday that it has created a new national team dedicated to growing its commercial lines specialty solutions business, which will “accelerate its plans to become the Canadian leader in specialty lines and surety.” To support this growth, Intact Insurance will be hiring about 150 insurance professionals across Canada over the next […]
By Canadian Underwriter | May 30, 2016
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