Risk

‘No single correct answer’ on how to provide overland flood coverage but government must be involved: IBC

NICC MONTREAL – In order to make overland flood insurance work in Canada, government must be involved – in some way – in pre-planning, but Canada cannot necessarily copy from any other nation’s flood program, Insurance Bureau of Canada’s chief executive officer suggested last week. “Some insurers began offering their own flood insurance products this […]

By Canadian Underwriter | October 4, 2015

3 min read

Smaller cyber breaches also of concern: NICC speakers

While large-profile cyber breaches tend to dominate the news headlines, sometimes it’s the smaller ones that are being overlooked, panellists suggested on Thursday at the National Insurance Conference of Canada in Montreal. Although people tend to look at the large, high profile breaches, “smaller companies are actually having incidents,” said Phil Baker, president of Creechurch […]

By Canadian Underwriter | October 2, 2015

3 min read

Insurers must react to cyber, emerging risks: NICC speakers

NICC MONTREAL – The insurance industry needs to be more responsive to emerging risks so carriers can remain relevant to policyholders, industry executives suggested Thursday at the National Insurance Conference of Canada. “The challenge for the industry is, how do we react to the new risks that our clients are experiencing, arising from changing technology?” […]

By Canadian Underwriter | October 1, 2015

3 min read

Canadian economy to grow in Q3, Q4 and next year, predicts Swiss Re’s chief economist

Canada could see a “moderate” 3% economic growth in the third and fourth quarters of this year and 2% next year, Swiss Re’s chief economist suggested during a presentation at the National Insurance Conference of Canada (NICC) in downtown Montreal on Thursday. The growth during the second half of this year will help compensate for […]

By Canadian Underwriter | October 1, 2015

3 min read