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Canada gets catastrophe claims service

18 March 2010

For the first time the new independent claims service, PCS-Canada, will allow primary insurance companies, reinsurers, brokers, and others to receive industry wide data on Canadian catastrophes, including man-made and extreme weather events.

Read more: [pcs-canada]

For the first time the new independent claims service, PCS-Canada, will allow primary insurance companies, reinsurers, brokers, and others to receive industry wide data on Canadian catastrophes, including man-made and extreme weather events.

The Insurance Services Office (ISO) has been working with Toronto based MSA Research to bring Property Claim Services (PCS) to Canada.

The availability of historical catastrophe data will help insurers...


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How big would insured catastrophe losses this hurricane season have to be to move reinsurance pricing up?

$0-15bn
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$15bn-$30bn
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$30bn-$50bn
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$50bn-$75bn
31%
$75bn-$100bn
7%
>$100bn
5%