Risk

ICBC seeks no rate increase for 2005; may drop optional rates

B.C.’s public auto insurer has filed for no rate increase on its basic coverage package for 2005, citing improved investment results and lower claims.The Insurance Corp. of B.C. (ICBC) says it may also drop rates on its optional coverage, a market in which it competes with private insurers. While basic rates are filed with the […]

By Canadian Underwriter | July 13, 2004

1 min read

Bond insurance market maintains stability: Fitch

In a new report on bond insurers, Fitch Ratings says the market is stable, owing to its predictable earnings stream and ultra-conservative risk profile, as well as its high levels of excess capital. Nonetheless, pressures exist to grow business and competition is heating up in the sector. There has also been a shift towards insuring […]

By Canadian Underwriter | July 13, 2004

1 min read

New study looks at “best practices” for insurer risk management

Insurers are increasingly focused on their own risk management practices in response to market turmoil as well as incoming regulatory changes. In a new study, Ernst & Young looks at best practices for insurers to evaluate, control and account for their risk exposures.E&Y postulates insurers need to look at building a “risk-adjusted performance measurement” (RAPM) […]

By Canadian Underwriter | July 12, 2004

2 min read

European insurers need to grow capital: S&P

While Europe, like most insurance markets, has seen a growth in profitability recently, the challenge remains to sustain this profitability and grow capital, according to Standard & Poor’s “report card” on European insurers.”The sector remains focused on profitability at the expense of volume, but the mantra has now shifted subtly toward profitable growth,” says Hans […]

By Canadian Underwriter | July 6, 2004

1 min read