ICBC’s internal operating budget to grow over $1 billion next year
Days after the Insurance Corporation of British Columbia (ICBC) released the results of its quarterly report, the Insurance...
News
Aviva reports 16% rise in application fraud
Rise in application fraud comes as research shows:33% of motorists have changed at least one material detail on their motor...
SAN Group taps regional VP
Satellite Agency Network (SAN) Group, an alliance of independent insurance agencies in the Northeast, has announced the appointment...
Aviva Canada deploys Mitchell International for claims management processing
The WorkCenter solution helps carriers through each of the claims process steps, including loss profiling, auditing and review, repair status,...
Allianz Commercial to appoint 30 underwriters as part of new programme to support independent brokers
Three levels of bespoke broker supportThirty new branch-based underwriters to be recruitedAn Accelerator programme available to fast-track high potential independent...
Higher ESG ratings lead to better underwriting performance – new report
Higher environmental, social and governance ratings lead to better underwriting performance, according to a new study from international...
Global (re)insurers’ performance for 9M 2022 – report
Despite increased loss activity in the third quarter, global (re)insurers’ combined ratios remained strong in the first nine...
US P&C industry posts $24.3 billion net underwriting loss for 9M 2022 – report
A new special report from AM Best has found that the US P&C industry recorded a $24.3 billion...
BHSI promotes two in executive and professional lines team
Berkshire Hathaway Specialty Insurance (BHSI) has announced two promotions in its US executive and professional lines team. The...
Insured catastrophe losses hit $115bn year-to-date in 2022: Swiss Re
According to reinsurance firm Swiss Re, global insured natural catastrophe losses have reached $115 billion in 2022, year-to-date, with hurricane...
