Insurance & Risk, Analysis, Events and Careers
Risk
Dominion Bond Rating Service (DBRS) has confirmed the ‘BBB’ rating of Kingsway Financial Services Inc. (TSX:KFS) and its U.S. holding company, Kingsway America Inc. in a reflection of Kingsway’s successfully executed Group niche strategy.The Company’s success is a result of its focus on underwriting profitability and effective claims management, according to DBRS.DBRS adds that Kingsway’s […]
By Canadian Underwriter | February 2, 2006
2 min read
European regulations are establishing more common insurance industry standards and this is instigating an international push that’s moving insurers towards economic capital even in North American where there is currently no standard economic capital methodology, according to a report recently released by the Insurance and Actuarial Service (IAAS) practice of Ernst & Young LLP.The study […]
By Canadian Underwriter | February 1, 2006
The Financial Services Commission of Ontario (FSCO) has approved an average fourth-quarter rate decrease of 2.56% for 12 companies representing almost a quarter of the Ontario private passenger auto insurance market. The average rate decreases for the first, second, and third quarters were 1.12% (7.5% of the market), 1.62% (45.79% of the market) and 1.62% […]
January 31, 2006
The storm season of 2006 will likely not result in a hard market along all product lines as would normally be expected after major catastrophe losses, according to a January 2006 Guy Carpenter & Company report entitled ‘U.S. Reinsurance Renewals.’ “On an industry-wide basis, it’s fair to say that the catastrophes of 2005 were an […]
Benfield Corporate Risk, a corporate insurance and risk intermediary, has recently opened a Canadian office in Calgary. Incorporated Jan. 19, Benfield Corporate Risk’s Canadian operations will be managed by Richard Cutfield. Cutfield has more than 25 years of experience in the insurance market and was formerly managing partner of Jones Brown Inc. At Jones Brown, […]
1 min read
Glenn McGillivray brings his communications experience to ICLR
6 min read
Increased scrutiny leads to cat model sophistication
10 min read
A Phoenix rises out of COBOL's ashes
7 min read
Effective claims management is critical to an insurer’s bottom line and to superior customer satisfaction and retention. Once again we appear to be heading down the ‘soft market’ road with claims frequency poised to climb upwards, pressure is mounting on insurers to further: * Reduce the cost of claims. * Improve the claims adjustment process. […]
CIP Society Toronto Chapter Seminar
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