Industry
Leveraging Vehicle-Centric Data to Enhance Profitability As the post-pandemic world has begun to return to normal and drivers are back on the road, many insurers have seen a deterioration in claims performance, with the frequency and severity of loss ratios rising to pre-pandemic levels. In 2022, the national average loss ratio for private passenger automobiles […]
October 1, 2023
2 min read
If they’re found liable, retail, public sector and commercial fleet companies may find themselves unprotected against distracted walking.
By Alyssa DiSabatino | September 25, 2023
3 min read
It’s a new era for international insurance coverage: more companies are doing business globally post-pandemic — and with it, their corporate exposures are increasingly complex. “That’s why more clients than ever are turning to brokers to bring them peace of mind with expert, credible advice and comprehensive global insurance protection,” says Klaus Navarrete, Managing Director […]
September 25, 2023
4 min read
Canadian Underwriter sat down with Allianz’s Chief Executive Officer Chris Van Kooten and Chief Operating Officer Kyle Sparkman to talk about how the travel insurance provider supports brokers and their clients. It’s a new era for travel insurance – and with it, a wave of opportunities await brokers who want to quickly and confidently grow […]
September 18, 2023
Looks as if the summer 2023 P&C brokerage merger train will keep on rolling into the fall. Specialist insurance and reinsurance broker BMS Group has acquired Canada-based insurance brokers, Smith & Reid Insurance Brokers Ltd. and O’Neil Insurance. Smith & Reid president Jeff Smith and vice president Dan Reid will work with Brian Gomes, president […]
By Phil | September 12, 2023
The world has changed. And with it, your clients’ corporate exposures abroad have become increasingly complex. “Post-pandemic, international activities have become ‘business as usual’ for more and more companies. Today, brokers need to be aware of the challenges, risks, and various regional changes across the world so they can confidently advise their local clients on […]
September 11, 2023
Canadian P&C insurers took in about $36.2 billion in 2023 Q2, establishing a new historical base upon which to compare future results.
By David Gambrill | September 6, 2023
The Bank of Canada held its key interest rate steady at 5% on Wednesday, deciding against another rate hike as the economy begins to falter.
By Jason Contant | September 6, 2023
The auto insurance landscape is undergoing a seismic transformation amid the rapid emergence of advanced data analytics and digital technology. Changing consumer behaviors and the unprecedented impact of emerging technologies are revolutionizing insurers’ capabilities and strategies for a new era of efficiency and competitiveness. Forward-thinking companies are investing heavily in digital platforms that harness the […]
September 1, 2023
Aviva Canada CEO Jason Storah is to become CEO of U.K. & Ireland General Insurance in mid-October. Tracy Garrad will succeed him.
By David Gambrill | August 30, 2023
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