Risk
1 Swiss Re Canada welcomed its new president and chief executive officer, Veronica Scotti [1a], effective April 1. Scotti most recently served as Swiss Re’s client executive, based in Armonk, New York, and will now work out of Toronto, the reinsurer reports. She fills the vacancy left by Sharon Ludlow [1b], who was named as president […]
February 28, 2015
4 min read
CANADIAN MARKET Intact acquires Canadian Direct Insurance for $197 million Intact Financial Corporation (IFC) is expanding its direct operations in Western Canada with the recently announced acquisition of Canadian Direct Insurance Inc. (CDI). IFC reports that it has entered into a definitive agreement with Canadian Western Bank to acquire CDI, which wrote approximately $140 million […]
6 min read
Property and casualty insurers in Canada, as elsewhere, are well-advised to keep and eye out for existing and emerging risks and opportunities. But with challenges ranging from economic factors to new risk surrounding cyber security, how can insurers capitalize on opportunity?
January 31, 2015
5 min read
Lynn Oldfield, honoured with The CIP Society's Established Leader Award, is well-aware of how important education and engagement are to playing in the constantly evolving p&c insurance space.
Does the attitude of Canadian businesses create obstacles for innovation? A recent survey by The Conference Board of Canada shows that dealing with the top-rated innovation constraints would help businesses embrace more risk-taking and greater innovative activity.
Data security has always been an issue, but perhaps no more so than today. A recent survey of about 1,500 Canadians clearly shows, however, that awareness of data security lags concern.
Is the big bad wolf coming? Perhaps yes; perhaps no. All the talk of Google entering/possibly entering the insurance market – depending on one’s locale – has created quite a stir. “Google is getting the approval for selling insurance on their compare site in a large number of states via a number of different insurance […]
3 min read
1 Bob Fitzgerald [1] has been appointed chief executive officer of SCM Insurance Services, succeeding founder and chief executive officer Larry Shumka, who will become the firm’s first-ever executive chairman. Most recently president of SCM Insurance Services’ adjusting and claims management company, ClaimsPro (a role he will retain until a replacement is found), Fitzgerald and […]
TECHNOLOGY Potential economic benefit of driverless cars $65 billion annually Automated vehicles (AVs) – or self-driving cars – could be on Canadian roads between 2020 and 2025, with the economic benefits being more than $65 billion annually, reports the Conference Board of Canada. That benefit could be seen through collision avoidance, fuel cost savings and […]
Sometimes seen as the "poor cousin" to auto insurance in terms of resources and investment, personal property is now a hive of activity in data analytics. Internal and external information is being used to delve into more specific by-peril rating, loss cost development and operational efficiencies.
12 min read
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