Risk
The increasing trend of abductions of those working abroad may signify that some perpetrators view kidnap for ransom as an acceptable revenue generator. But Canadian businesses involved in international trade owe their employees a duty of care that demands risk be assessed and appropriate response be available.
April 30, 2014
6 min read
1 Allied World Assurance Company Holdings AG has opened a branch office in Toronto and named Gord Kerr [1] as its senior vice president, chief agent and branch manager. Prior to joining Allied World, Kerr spent four years as chief executive officer and chief agent for Arch Insurance Company’s Canadian operations, notes Switzerland-based Allied World. […]
5 min read
CANADIAN MARKET Quindell, U.K. firm to partner on car offering Insurance technology firm Quindell has partnered with RAC, an auto services and insurance firm in the United Kingdom, to create a new business to distribute Quindell’s telematics technology. Including a £30-million investment split fairly equally between the firms, Connected Car Solutions Limited will market and […]
Businesses looking to achieve long-term success need to keep their heads in the game. For brokers and insurers to both win, things must advance beyond creating effective interaction between systems to a common form of data exchange where information flows between multiple systems.
March 31, 2014
7 min read
Who is in control of claims? Historically, insurers have settled and paid their own claims, rarely consulting with reinsurers. But reinsurers are increasingly asking for claims meetings, additional information and original claim reports. Is the approach to claims in need of reform?
Getting all the necessary ducks in a row has become a pressing issue in light of the possible competitive advantage gained.
3 min read
Fire protection is far from standardized in Canada. This inconsistency, coupled with the return of some bad habits, demands that insurers diligently adjust premiums based on the Canadian Fire Insurance Grading Index, thereby reflecting true risk and avoiding artificially low rates that spur municipal cuts to fire budgets.
When it comes to a person's home, reducing risk is a top priority. Home automation has become an extension of home security, offering a means to detect an unlocked door or view video feeds in rooms. But it can also be used to detect potentially damaging events, such as a leaking pipe, that might otherwise end up in a claim.
4 min read
1 Toronto commercial broker Aligned Insurance Inc. officially launched operations in Ontario March 25. Led by president and chief executive officer Andrew Clark [1], Aligned Insurance is targeting organizations in and around the Greater Toronto Area. The new independent firm is offering a 0% commission (fee-only) structure, says Clark, who has worked with Aon’s business […]
Ginny Bannerman, recipient of the CIP Society's established leader award, picked up some leadership attributes from her father while he was running the family brokerage that still serve her today.
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