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Wrong Michel Yip?

Mr. Michel J. Yip

MD - Executive Vice President - Underwriting Management

ENCON Group Inc.

Direct Phone: (613) ***-****       

Email: m***@***.ca

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ENCON Group Inc.

500 - 1400 Blair Place

Ottawa, Ontario K1J 9B8


Company Description

ENCON is a leading insurance management company that develops and administers insurance programs to businesses and individuals in selected markets in Canada. It offers professional liability underwriting management, personal insurance, and group and retir ... more

Find other employees at this company (352)

Background Information

Web References (13 Total References)

The Cost Of Doing Business (March 2002) [cached]

Those costs have caused a spike in premiums this year, but longer term trends were already creating pressure for rate increases, says Michel Yip, underwriting manager for Encon Insurance Managers in Ottawa, Canada's biggest professional liability underwriter."It's been a very competitive market in Canada for the past 10 years.Most professional liability premiums have been flat or decreased in that time.All the insurers have been losing money on professional liability insurance for five years or more."

Engineers and architects, a big line of business for Encon, are facing premium increases of 35% to 40%, Yip says.
There's almost no field that isn't facing higher professional liability premiums, Yip says.
Insurers are also imposing limit restrictions, in part as a result of changes in their reinsurance terms.Where they might have offered $25 million in coverage, they are restricting coverage to $5 million.Policy conditions are changing - there are new exclusions that weren't there in the past.Deductibles are also higher, Yip says.

Madison MacArthur Executive Search [cached]

Michael Yip- Executive Vice President responsible for ENCON's Underwriting Management Division - Canadian Underwriter - 7/12/2006 [cached]

"We entered this line in 1989, and from that point until 2001 we did not report a profit in any given underwriting year," Michel Yip, the managing director of Encon, says.

Yip adds: "Most of the time when we have to pay out a claim, there is a lack of proper documentation in the broker file."

Mandrake [cached]

Michel Yip promoted to Executive Vice President, Underwriting Management division at ENCON Group Inc.

Globe and Mail: Appointments [cached]

Michel Yip, LL.L., Executive Vice-President

Michel Yip, LL.L.
Michel Yip, Managing Director, has been appointed Executive Vice-President and is responsible for ENCON's Underwriting Management division.
Michel joined ENCON in 1985 as Claims Manager of the Underwriting Management division.In 1992, Michel became Underwriting Manager for Special Risks and Directors and Officers, and in 1999 took over responsibility for all underwriting departments.Michel was appointed Managing Director in 1999.

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