Insurance & Risk, Analysis, Events and Careers
Industry
Getting consistent, high-quality scientific data into the hands of decision makers can protect people from the fallout of bad choices leading up to a catastrophe, such as what’s happened in Fort McMurray, Alta., a catastrophic data expert says. But it will take a coordinated effort to determine the right — and most effective — data […]
By Adam Malik | December 4, 2020
4 min read
One of Canada’s largest institutional investors has joined forces with Cinven, an international private equity firm, to acquire Compre, a specialist global consolidator of closed books of non-life insurance policies. Victoria-based British Columbia Investment Management Corporation (BCI) and Cinven announced Nov. 30 the deal to acquire Compre from CBPE Capital LLP. Financial details of the […]
By Jason Contant | December 4, 2020
2 min read
The industry continues to consolidate and pension funds are one major source of capital for insurers, a Montreal-based merger and acquisition expert observes. “One or two notable [carrier M&A] transactions per year has slowly transformed the Canadian landscape, including the recently-announced acquisition of RSA by Intact and Tryg,” said Georges Pigeon, Montreal-based partner for deal […]
By Greg Meckbach | December 4, 2020
TORONTO – A new study estimates more than half of executives responsible for cybersecurity expect to grow their budgets in response to new challenges raised by the COVID pandemic. Consulting firm PwC Canada says a poll of 3,000 executives around the world, found 55 per cent expected to budget more for security, with Canadian responses […]
1 min read
Being able to collect better data regarding sales and customer behaviour are obvious reasons to upgrade the data system at your brokerage, but there are other benefits, Vancouver-based P&C insurance consulting firm Smythe Advisory said in a blog published Tuesday. Assuming your brokerage has made the commitment to upgrade your data system with the view […]
By Jason Contant | December 3, 2020
3 min read
Canada’s solvency regulator has come out with a softer version of its proposed rule regarding the property and casualty insurance industry’s issuance of high-limit policies. The new version is in response to the industry’s previous concerns about the massive $21-billion to $30-billion price tag associated with the original version of the proposed rule. The Office […]
By David Gambrill | December 3, 2020
REGINA – The Saskatchewan government is reviving an emergency grant program for small businesses that have been hit by restrictions aimed at stemming the spread of COVID-19. The province will begin accepting applications for its small business emergency payment program next week until the end of January. Businesses with fewer than 500 employees can apply […]
Investors are increasingly asking insurers about environmental, social and corporate governance (ESG) practices and how they are being managed, Intact Financial Corporation’s senior vice president and chief financial officer, Louis Marcotte, said recently. “In some cases, when we meet investors, they actually have an ESG expert in the meeting asking specific questions — and some […]
By Jason Contant | December 2, 2020
Brokers are having some frank conversations with clients in the hotel and restaurant business about the realities they’re facing and how to survive the troubles ahead, says a hospitality broker leader. “The truth is that if anybody is going to fool their clients in any way by saying, ‘Hey, things are going to be okay,’ […]
By Adam Malik | December 2, 2020
Canada’s national association of provincial property and casualty insurance regulators is looking into “Best Terms Pricing” in all commercial lines following recent regulatory actions to ban the practice in the strata insurance line in B.C. and Alberta. The Canadian Council of Insurance Regulators (CCIR) “intends to look at the practice of Best Terms Pricing within […]
By David Gambrill | December 2, 2020
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.