Canadian Underwriter

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Professional Development


News AssociationsLegislation / RegulationPersonal LinesProfessional DevelopmentTechnology

YIPT autonomous vehicles panel addresses product liability, future need for personal auto insurance

April 22, 2016 by Canadian Underwriter

The first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms

News AssociationsCommercial LinesInsurancePersonal LinesProfessional DevelopmentTechnology

Personal lines set to dramatically change, but will not disappear altogether: speakers at CIP Symposium

April 22, 2016 Jason Contant, Online Editor

With the number of disruptors entering the insurance industry, personal lines insurance is set to undergo a dramatic transformation, but will likely not disappear altogether, speakers suggested Thursday at the 2016 CIP Society Symposium. Catherine Kargas (picture below right), vice

News InsuranceProfessional DevelopmentTechnology

Half of CEOs worldwide expect substantial digital transformation, Gartner survey finds

April 21, 2016 by Canadian Underwriter

Half of CEOs worldwide expect their industries to be “substantially or unrecognizable transformed” by digital change, according to a survey released on Wednesday by Stamford, Conn.-based information technology research and advisory company Gartner Inc. The 2016 CEO Survey: The Year

News AssociationsInsuranceLegislation / RegulationProfessional Development

OSFI staff ‘very actively engaged’ in international capital standard for insurers: Zelmer

April 20, 2016 Greg Meckbach, Associate Editor

An international capital standard for global systemically important insurers is “probably not going to have much of an impact on the Canadian p&c industry,” an official with the Office of the Superintendent of Financial Institutions suggested recently, but Canadian insurers

News InsuranceProfessional Development

Lack of “people focus” hampers financial success of M&A: Willis Towers Watson

April 19, 2016 by Canadian Underwriter

More than four in 10 (42% of) polled insurance companies “recognize the critical importance of cultural integration and of hiring and retaining employees to the overall success of a deal,” according to a survey of senior insurance executives conducted by

News AssociationsCommercial LinesInsuranceMarkets / CoveragesPersonal LinesProfessional Development

UN, World Bank Group and insurance industry join forces for formation of Insurance Development Forum

April 18, 2016 by Canadian Underwriter

Leaders of the United Nations, the World Bank Group and the global insurance industry on Monday announced the formation of the Insurance Development Forum (IDF), which occurred at a high level meeting in Washington, DC, last week. The IDF has

News AssociationsCommercial LinesInsuranceProfessional Development

Toronto Insurance Conference puts out call for applications to TIC Scholarships Program, up to $15,000 available

April 18, 2016 by Canadian Underwriter

The Toronto Insurance Conference (TIC) is now accepting applications for the fourth year of its university scholarships program. Founded in 2013 and managed by the Insurance Institute of Ontario, the TIC Scholarships Program offers financial assistance for up to three

News CatastrophesClimate ChangeInsuranceProfessional Development

UN Secretary-General urges insurance industry to take leadership role in climate change response

April 14, 2016 by Canadian Underwriter

The global insurance industry is a key actor in forging new instruments to anticipate and manage climate risks, and must continue to work with the United Nations to manage and reduce such risks, UN Secretary-General Ban Ki-moon said on Wednesday.

News InsuranceProfessional Development

Data scientist top job of 2016, according to U.S. job search website CareerCast.com

April 14, 2016 by Canadian Underwriter

The job of data scientist, which combines information technology, statistical analysis and other disciplines to interpret trends from data, has been rated as the best job of 2016 by U.S. job search website CareerCast.com. Professions in mathematics top the 28th

News CatastrophesCommercial LinesInsurancePersonal LinesProfessional Development

ICLR to host webinars on wildfires and hurricanes in May

April 13, 2016 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting two Forecast 2016 webinars in May – one on wildfires and the other on hurricanes. The wildfire webinar will be held on May 4 at 11 a.m. EST. It will

News AssociationsInsuranceProfessional Development

RIMS executive report outlines steps to successful risk taking

April 12, 2016 Angela Stelmakowich, Editor

SAN DIEGO – RIMS, the risk management society, issued a new executive report Tuesday that explores how a formal risk appetite and risk tolerance statement “can become a powerful strategic tool for not only managing risk, but also for maintaining

News Commercial LinesConstructionInsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Cyber incidents in mining a complex topic for risk managers, mining product development has not kept pace with needs: Munich Re

April 12, 2016 Angela Stelmakowich, Editor

SAN DIEGO – It is important for risk managers in the mining sector to understand the most critical scenarios for their companies and to analyze the true impacts of cyber incidents, suggests Günter Becker, head of mining for Munich Re.