Risk
One distinguishing aspect of the current insurance market cyle is that reinsurers are attempting to defy the common gravitational pull in a soft market towards lowering premium rates. Reinsurers have thus observed an widening gap between their own rates and those of primary insurers .
June 30, 2008
15 min read
A nuclear insurance pool has existed in Canada since the mid-1950s. Although the pool is well-capitalized, an optimum spread of risk calls for more insurers to participate
6 min read
The use of parametric indices in catastrophe bonds could address the fundamental tension between transparency in the bond structure and the hedging of basis risks
4 min read
A catastrophe bond, usually abbreviated as a ‘cat bond’ is a mechanism for transferring insurance risk to the capital markets. The cat bond is issued by a Special Purpose Vehicle (SPV) established to support the transaction; the sponsor transfers risk to the SPV through a reinsurance arrangement. The SPV funds itself by issuing a cat […]
1 min read
Enhancements to tornado, hail and earthquake models are on the horizon, but whether or not Canada will ever have an overland flood model remains to be seen
1 In the most recent Canadian Underwriter online poll we asked: “Have insurance companies managed the market cycle well over the past 12 months?” Only 29.41% are confident insurers have held the line on underwriting discipline. The other 70.59% felt insurers have failed to manage the market cycle well over the past year. 2 Les […]
5 min read
Re: Canadian Underwriter, May 2008, " Need for Speed"
2 min read
U. S. studies show insurance carriers and brokerages are paying each of their employees roughly US$6,000 a year to perform non-work-related tasks on the Internet.
May 31, 2008
The credit crunch related to the subprime mortgage crisis in the United States and the higher-than- average hurricane forecasts for the eastern seaboard might be converging at the worst possible time for insurers, according to A. M. Best. “Turmoil in the credit markets could leave policyholders in limbo if a major hurricane strikes the United […]
Insurance Bureau of Canada (IBC) has appointed Don Forgeron as vice president, Ontario and Barb Sulzenko-Laurie as its new vice president of policy. Jane Voll, the IBC’s immediate past vice president of policy, becomes special advisor to the president in order to complete the industry’s critical submission at this time to the Automobile Insurance Rate […]
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