HR
Blockchain technology will be a source of both disruption and opportunity for insurers, according to a new report from Boston-based research and advisory firm Novarica. In its latest executive brief, released on Monday, Novarica predicted that the technology would have a “significant long-term impact on insurers across the board.” When Novarica published its 2015 report […]
By Canadian Underwriter | November 21, 2016
2 min read
Capgemini has announced that it is launching a global fintech initiative “to fast track fintech engagements with its global financial services clients.” Capgemini – a provider of consulting, technology and outsourcing services – announced the initiative on Wednesday, saying in a statement that it will “bring together its domain and integration expertise to scan, select, […]
By Canadian Underwriter | November 17, 2016
Advanced analytics and other emerging technologies are revolutionizing the way governments and public service agencies are trying to address citizen demands, helping to overcome persistent challenges such as regulatory compliance, outdated legacy IT infrastructures and organizational cultures, according to a new research report from Accenture. Accenture’s report, titled Smart move: Emerging technologies make their mark on […]
By Canadian Underwriter | November 16, 2016
4 min read
Mergers and acquisitions in the reinsurance sector sometimes involve carriers acquiring managing general agents, while in Canada, M&As have involved insurers trying to “beef up certain parts of their enterprise,” analysts from A.M. Best Company Inc. suggested at a recent conference in Toronto. Alternative capital, such as catastrophe bonds, “has been driving” the reinsurance industry, […]
By Jason Contant | November 15, 2016
The Registered Insurance Brokers of Ontario (RIBO) has embarked on a major overhaul of its spot check program with the twin goals of promoting better consumer protection and improved broker risk management, says Norma Hitchlock, RIBO’s outgoing president. While the existing program – which involves visiting a brokerage every three to five years – has […]
By Jason Contant | November 10, 2016
3 min read
Travelers Canada announced on Thursday that Heather Masterson has been appointed president and chief executive officer, effective immediately. Masterson succeeds Duane Sanders, “who has taken a senior leadership role in the company’s largest business segment in the United States,” Travelers Canada said in a press release. Masterson, who joined Travelers Canada in September 2015 as […]
By Canadian Underwriter | November 10, 2016
The board of directors of Peace Hills Insurance announced on Wednesday the appointment of Kathy Boychuk as incoming president and chief, effective March 2017. “It’s been great to be back but I do look forward to returning to my retirement,” said current Peace Hills president and CEO Diane Brickner in a press release. “I am […]
Vancouver-based Vertical Insurance Group Ltd., owners of Shaw Sabey, Metrix, Core, Magnes, LMG and other retail insurance brokerage businesses, has announced the acquisition of the majority interest in the capital of brokerage Axis Insurance Managers Inc., also of Vancouver. Alex Meier, Vertical Group president, will take the position of president at Axis Management. The acquisition […]
By Canadian Underwriter | November 9, 2016
The Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Pembridge Insurance Company and Pafco Insurance Company of Markham, Ont. have both obtained CSIO certification for Personal Lines eDocs. “We are pleased to now offer our brokers access to their Pembridge/Pafco broker declarations electronically through eDocs, after achieving CSIO certification for this initiative,” said […]
Ed, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer, will provide clients, partners and underwriters with an in-depth insight into cybercrime and cybersecurity risks, Ed […]
By Canadian Underwriter | November 4, 2016
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