Industry
Whether traditional players in the property and casualty insurance industry continue to hold the lion's share of business will depend on their willingness to embrace consumer-driven technologies and boost productivity, delegates attending the recently held Strategy Institute conference were told. In particular, the pressure of higher consumer expectations coupled with increased competition from new players to insurance will be felt mostly in the personal lines arena, the speakers warn.
August 31, 1999
8 min read
Given the breath-taking surroundings, subjects like e-commerce, branding and reducing work-related stress should have been far from the minds of delegates at the 76th Annual Insurance MarketingCommunications Association conference.
4 min read
This year, in an awards contest that often appears to be dominated by a few large companies with deep pockets, representatives of more than 30 insurance companies took home “Best of Show” and “Awards of Excellence” prizes from the IMCA’s Showcase Awards ceremony, held during the June 29 gala at the Keystone Resort in Colorado. […]
2 min read
With the conference and seminar season once again shifting into full drive, the message remains consumerism. Nothing new — the insurance industry has become almost anaesthetized by the repeated urgency to address consumer expectations. However, the latest round of discussions on the consumerism topic have shifted focus to the industry’s technology weaknesses. The emergence of […]
3 min read
Commercial
In CU’s July edition, a photograph on page 26 of Heidi Hutter, president of Swiss Re America, was incorrectly identified as economist Nuala Beck. CU regrets the error.
1 min read
Risk
Foods that hit New Brunswick and Nova Scotia the week of July 26 have formed one of the largest insured losses to hit Atlantic Canada this decade. Close to 900 claims have been submitted to date and insurers predict damages will reach $5.6 million in Moncton, New Brunswick and $2.5 million in Antigosh, Nova Scotia. […]
Property & casualty insurance brokers are breathing a collective sigh of relief as the federal government’s discussion paper on the future of financial institutions in Canada effectively put a moratorium on the banks’ entry into the retail insurance market. Despite the Insurance Brokers Association of Canada (IBAC) lobbying efforts, which demonstrated the profession has clout […]
6 min read
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Canadian Insurance Accountants Association: Annual Conference. Contact Paul Mann at 905-274-2722. The Prince Edward Hotel, Charlottetown, PEI. Sept. 19-22. […]
Over the past decade sexual abuse claims in institutional environments have become one of the most troublesome areas of civil litigation. In particular, insurers underwriting risks involving many of Canada's most respected not for profit, charitable and religious organizations are now find themselves confronted by catastrophic personal injury claims involving serious allegations from past decades.
7 min read
Canadian automobile insurers wrote a combined $9.3 billion in earned premiums in 1998 while incurring losses of $7.0 billion. This 77.45 loss ratio ranks second only to accident & sickness as the worst loss experience category among all property & casualty business. Factoring in an industry average expense ratio of 32.29, this boosts the total […]
9 min read
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.
