Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
The auto insurance focus of this year’s Ontario Economic Statement is consumer protection.
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On October 16, the CBC published an online article entitled ‘Severe weather increasing insurance deductibles.’ Just a few days later, a small media outlet reprinted the piece, but changed the headline to ‘Climate change increasing insurance deductibles.’ This change highlights…
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The increasing dominance of the global brokers and the economic leverage that this provides is a strategic challenge for all insurers dependent upon them for significant premiums flows.
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The old adage, “what gets measured, gets done,” was validated again during the agents’ sessions at the recent ACORD Implementation Forum. And, just as significantly, what got done is forming a platform for better things to come. Real-time is real…
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The promise of a better way to enable the P&C Insurance industry to do business has been an expensive and ongoing voyage, a voyage that some think is a myth while others hope it is reality. SEMCI (single entry multiple…
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Actually, quite a lot. P&C brokers and insurers are well aware of the expectations that personal lines customers have for conveniences such as social media, mobile websites and paperless transactions – to name just a few. And to its credit,…
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Checking my email today — amid the many “Happy Cyber Security Awareness Month” messages — was a notification from my bank. Like so many other shoppers, my credit card information was obtained “by unauthorized individuals” when I shopped at a…
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This week FSCO released rate filings approved for third quarter of 2014. Nine insurers, representing 26.65% of the market based on premium volume, had rates approved in the third quarter of 2014. Approved rates decreased on average by 0.11% when applied across the total market.
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On October 10, ICLR held a Friday Forum workshop entitled ‘National Riverine Floodplain Mapping Framework and Advancements in Urban Overland Flood Risk Assessment’, which largely looked at the state of flood mapping in Canada. The workshop was lead by Tim…
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In trying to draft a legislative framework in response to Economical Insurance’s request to demutualize, the federal government finds itself caught between strongly opposing views from the industry. Not unlike sailors trying to navigate a safe course between the mythological…
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Historically, the insurance industry has assessed its competition by looking at those companies within the industry that directly compete and sell in the same market segments, offer similar products, use the same distribution channels, or have similar market size. But,…
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Two weeks ago, I attended the 2014 NAMIC Annual Convention in sunny National Harbor, close by Washington D.C. Nice venue, interesting presentations and some good conversations. NAMIC had asked me to present some findings from the “Insurers, intermediaries and interactions” study, and to engage in Continue reading
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Since 1997, CSIO (Centre for Study of Insurance Operations) has been transiting data from insurers to insurance brokers via CSIOnet. This daily download process is now part of daily life for brokers, receiving all-important policy data from insurers and transferring…
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While groundwater figures prominently in riverine and urban flooding and is relatively easy to map, insurers, urban planners, governments and other key stakeholders seldom factor it in when considering flood risk. So says Dr. Cathy Ryan, a hydrogeologist with the…
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