HR
Brokerage adoption of nine key technologies has risen by 12% across Canada to a new high of 69%, according to the Centre for Study of Insurance Operations (CSIO). The announcement on Wednesday kicks off the second year of CSIO’s Technology Scorecard, which compares brokerage adoption against the provincial average for the following technologies: eDocs, CSIOnet, […]
By Canadian Underwriter | January 4, 2017
2 min read
RIMS, the risk management society, announced on Tuesday that Nowell R. Seaman will lead the society as its 63rd president for the 2017 term, which became effective Jan. 1. Seaman, RIMS-CRMP, FCIP, CRM, has been a member of RIMS for 21 years and on its board of directors for nine years, the society said in […]
By Canadian Underwriter | January 3, 2017
Survey data indicates that more than three in four employees think there are good opportunities in the property and casualty industry, but more than one in four p&c professionals who left their jobs went into a different industry.
January 2, 2017
5 min read
BlackBerry has announced the creation of the BlackBerry QNX Autonomous Vehicle Innovation Centre (AVIC). John Chen, executive chairman and CEO of BlackBerry Limited and Canadian Prime Minister Justin Trudeau unveiled AVIC on Monday. Housed within the BlackBerry QNX facility in Ottawa, the centre will “accelerate the realization of connected and self-driving vehicles by developing production-ready […]
By Canadian Underwriter | December 20, 2016
3 min read
The merger agreement announced Sunday by Toronto-based Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG will give Fairfax a “rather different profile” of insurance business than it currently owns, but it is not clear what percentage of Allied World Fairfax would own if third-party partners are brought in. Fairfax’s holdings include Toronto-based […]
By Canadian Underwriter | December 19, 2016
4 min read
Fintech platform revenues derived from supporting the insurance industry will reach almost US$235 billion globally by 2021, up 34% year-over-year from an estimated US$175 billion this year, according to new findings from Basingstoke, England-based Juniper Research. The research company said in a press release on Monday that growth would be driven by a combination of […]
By Canadian Underwriter | December 13, 2016
The continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an absence of mid-sized players, where there is a move to smaller, regional niche players and […]
By Jason Contant | December 7, 2016
The biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution, according to a new executive brief from Boston-based research and advisory firm Novarica. Released on Tuesday, the report, titled Five Potential Changes in 2017 for Insurance, details the areas where insurers see “real change” is likely next […]
By Canadian Underwriter | December 6, 2016
Aviva Canada has announced the 13 grand prize winners of the Aviva Community Fund (ACF) competition. The 13 grand prize winners will share $1 million in funding from ACF and will also have access to a number of free services from CanadaHelps.org – a partnership announced earlier this year to increase the impact of Aviva […]
Archway Insurance, one of Atlantic Canada’s largest insurance brokerages, announced on Tuesday that it will purchase Alliance Assurance effective Dec. 31. Alliance is one of the largest brokerages in New Brunswick, with nine locations serving communities across the province, Archway said in a press release. Archway reported that the Alliance offices will continue to operate […]
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