Risk
At the time, it captivated Canadians across the country and even today is at the top of book best seller lists. The raw power of nature displayed by the ice storm which paralyzed south eastern Ontario, Quebec and parts of the northern U.S. in January last year continues to attract public attention. However, the experience […]
January 31, 1999
7 min read
Industry
Just over half a year has elapsed since the burial of Synchron. Since then, little appears to have been achieved in finding a replacement solution to the industry’s drive for a single interactive technology interface solution. Add to which, recent internal disagreements within the Centre for Study of Insurance Operations (CSIO) — the company-backed body […]
4 min read
Delphi Information Systems Inc., another supplier of broker management software, has released details of a new web browser-enabled policy management system. Located at www.ebix.com, ebix.com provides carriers and brokers with a data exchange system that allows brokers to send information in a real-time, e-mail-style fashion and allows the insurer to send notes regarding policy issuing […]
2 min read
U.S. insurers will feel the earnings pinch this year, with many companies forced to take on riskier investment exposures to bolster their bottom-lines, says Ernst & Young’s 1999 “State of the Insurance Industry” report. Other findings warn the U.S. property and casualty insurance industry of increased foreign competition and international mergers which will likely lead […]
1 min read
Ontario’s auto insurance regulations under Bill 59, and the latest revisions under Bill 90, have created a unique legislative environment in the provincial governing of consumer insurance. So much so that several provincial insurance regulators have eyed the legislation as a potential basis for their own legal framework. However, while Bill 59 was intended to […]
6 min read
Auto
Consistency and convenience have been earmarked as the key factors likely to satisfy the consumer of the future. The rapid advancements made on the technology front over recent decades are largely responsible for this shift in consumer expectations. To survive as a future service provider, companies, like insurers and their support service providers such as […]
3 min read
Bugs, big deals, bad spills and a certain public official’s sexual high crimes and misdemeanors were all key factors driving the corporate insurance market throughout 1998. And the same scary financial exposures will likely be very much in the minds of Canadian risk managers, their insurers and intermediaries for much of 1999, key industry players […]
9 min read
With most insurance claims the paper trail starts with an incident report. The incident report is then prepared as a claim report by the internal claims handler who in turn creates a paper track process. A third party adjuster then creates a file and, with larger claims involving risk managed environments, the broker and the […]
New York-based Worldwide Weather Trading (WWT), a trading company dealing exclusively in weather hedges, has announced agreements with 10 reinsurers to underwrite its trading risk. With the announcement, the company unveiled its new trading offices in New York, facilitating full-scale trading operations. WWT, along with reinsurers such as Hannover Re and Zurich Re, are among […]
Hannover Re has announced the appointment of Dr. Detlef Steiner to the Executive Board at Hannover Re for the North American market, for worldwide facultative reinsurance and claims. Until 1998, Steiner was a member of the Corporate Executive Board at the Zurich Insurance Group. The Property and Casualty Insurance Compensation Corporation has appointed Alex Kennedy […]
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