Economic disparities and unreliable quotes sparked debates across the country on insurance-to-value and the technology behind the tool. A solution to inaccurate data may be at hand, which is good news for brokers. There is no denying that insurance to value (ITV) is a widespread problem in Canada. Still. Even as the media focuses on industry awareness and open dialogue–which has, without a doubt,... 

The last year of industry result deterioration is finally starting to level off, according to the latest MSA/Baron Outlook Report, but Joel Baker, president and CEO of MSA Research warns that “keen focus has to be kept on underwriting activities.”Based on six-month 2009 data, the break-even undiscounted combined ratio was just slightly under 100%. (These numbers excluded a few heavyweight... 

Financial services—including the P&C industry—are the losers in the push for tax harmonization within Canada. This was the message Danny Cisterna, partner at Deloitte & Touche LLP, left the delegates at the Insurance Bureau of Canada’s Financial Affairs Symposium in Toronto on April 23, 2009. Cisterna was referring to the implementation of the Ontario tax reform, scheduled to take... 

Regulators need more tools. This was the message legal insurance specialist, Vivien Bercovici, partner at Heenan Blaikie, told a room full of P&C delegates during a panel discussion on “market (mis)conduct” at the National Insurance Conference of Canada, that ended Friday Oct. 2, 2009. According to Bercovici, only a handful of regulators across Canada have the ability to use adminstrative...