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Insurance 

5 urgent problems to property and casualty insurers

by Aurélia Morvan 25 September 2019 13:30 Don Forgeron | Photo : Mark Cooper Don Forgeron, president and ceo of Burein the insurance of Canada (IBC) estimates that the insurance industry will face no less than five “urgent problems” by the end of the year 2020. He has incurred on the occasion of the National Insurance Conference of Canada (NICC), held in Montreal, on September 23 and 24. While remaining realistic, it has advanced scenarios ideal for responding to these major challenges, which revolve around the climate, of the digital…

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Insurance 

ai merges two entities

by Writing 25 September 2019 11:39 More than ten years after the acquisition, iA financial Group announces that it intends to merge its entities, The Excellence life insurance Company andIndustrial Alliance Insurance and financial services. The merger, which is expected to enter into force on January 1, 2020, are subject to the approval of the minister of Finance of Québec, ” on a favourable recommendation of theAutorité des marchés financiers , “says ai. The merger will not have an impact on the 175, 000 clients of The Excellence, “says ai,…

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Insurance 

Understand behaviour to reduce fraud

by Hubert Roy 25 September 2019 09:19 Behavioural economics can come to the rescue of insurers to reduce fraud cases ? Without a shadow of a doubt, ” says the reinsurer to Swiss Re in the most recent edition of its publication, Economic Insights. Its subject matter experts remind us that behavioural economics incorporates the learnings of psychology to explain human decision making. It pays particular attention to the irrationalities that there was in this behavior. The insurers have appealed to behavioral economics to improve their sales process and reduce…

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Insurance 

Distracted driving in the collimator

by Frédérique De Simone 24 September 2019 13:30 Photo : Freepik Desjardins Insurance has decided to directly address the issue of distracted driving, a scourge which continues to grow in Canada, according to the insurer. In one year, the proportion of careless drivers, who admit that they have already been distracted by their cell phone at least once while they were behind the wheel, has increased by 15 %. In 2019, this proportion rose to 53 %, compared to 38 % last year. In order to enhance its users, Desjardins…

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Insurance 

Mental health : Canadians do not have recourse to the resources

by Charles Mathieu 24th of September 2019 11:31 Photo : Freepik A large number of canadian workers affected by a mental health problem will not have recourse to the resources offered by their employer or by the State, reveal a number of surveys published by RBC Insurance and Sun Life Financial. “Canadians fear the repercussions if they admit they suffer from a mental illness, which may prevent him from getting the help they need,” said Maria Winslow, senior director general, life and health insurance, with RBC Insurance. However, a mental…

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Insurance 

Fewer people insured, the more risk for the insurers

by Hubert Roy 24 September 2019 09:44 Photo : Stockvault.net “The honeymoon is over. “It is in these terms that the credit rating agency A.M. Best describes the relationship between the Americans and the Affordable Care Act. This law is also known as Obamacare, arising from the name of the previous president of the United States Barack Obama, which has led to the adoption. For firm rating, Americans no longer have additional benefits to be drawn from the Affordable Care Act. Should we abolish it ? No, warn analysts, because…

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Insurance 

Canada ranks in the top 10 of the global Index retreats

by Writing 23 September 2019 13:30 Photo : Freepik In spite of the uncertain economic situation, the ageing population and climate change, Canada has risen to eighth place among the developed countries of the world Index retreats 2019 of Natixis. The country has climbed one place compared to last year. The index, which is in its seventh year, provides a status report on the security of the pension in 44 economies and the more developed countries of the world, looks at 18 factors critical in areas that could affect the…

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Insurance 

An acquisition update for Hub

by Hubert Roy 23 September 2019 11:30 Photo : Freepik Five companies are placed in the lap of Hub International last week. The company, which implement both damage insurance and insurance of persons, the announced at a rate of one per day. All the acquisitions made in the past week have been made with our neighbours to the south. Thus, Monday, September 16, the Hub announced the acquisition of Washington Financial Group. Established in Virginia, this company is active on the side of the retirement planning and benefits. The next…

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Insurance 

There will be attrition in the brokerage, said a president of banner

by Hubert Roy September 23, 2019 09:30 Louis Wood If the draft regulations on brokerage in damage insurance, thefinancial markets Authority is going forward in its current form, there will be an attrition of the network of brokerage professionals, believes Louis Wood, president of the banner Brokers united States. In a communication sent to its members, and of which the of the insurance Journal has obtained a copy, Mr Wood points to many points against the project from the regulator One of his points is the reduction of the brokerage…

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Insurance 

Despite the disasters, the market for catastrophe bonds is doing well

by Hubert Roy 20 September 2019 13:30 Bush fires repeatedly, devastating hurricanes and other cataclysms frequent does not hamper the enthusiasm of the market for catastrophe bonds, which allow insurers to transfer the risk of natural disasters, few of the investors. Aon Securities reports that it has subscribed for a total value of 5.4 billion us dollars (G$ US) of this type of investment from 1 July 2018 to 30 June 2019, including life insurance and health insurance. This capital market that is alternative now has a volume of 93…

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