Canadian Underwriter

Features

Feature Technology

The Great Data Shake-Up

April 1, 2017 Brenda Rose, Vice President and Partner, FCA Insurance Brokers

Major upheavals within many insurers’ underlying systems are necessary to answer the changing needs of the insurance world and the changing demands of consumers. Brokerages, in turn, will need to stay current with broker management system software releases to both access new connectivity capabilities and be able to offer the full set of data required by insurers.

Feature Commercial Lines

Patchwork Cover

April 1, 2017 Greg Meckbach, Associate Editor

Brokers should advise commercial clients that commercial property and liability insurance generally exclude losses arising from terrorism. Although special stand-alone coverage is available, the bigger challenge going forward may be the client mindset toward terrorism insurance cover and an apparent lack of concern over potential related risks.

Feature CatastrophesPersonal Lines

Split Personality

March 2, 2017 Angela Stelmakowich, Editor

Can earthquakes be damaging? Yes. Would a severe quake have an adverse impact on
government, the economy, home and business owners and Canada’s property and casualty insurance industry? Perhaps. So, has everyone taken steps to ensure they have coverage? No.

Feature LegalMarkets / Coverages

Growth Industry

March 1, 2017 Alexis Moulton, Partner; and Nathaniel Brenneis, Student-at-Law, McLennan Ross LLP

With Ottawa’s move to legalize marijuana for recreational use this year, weed looks to be a growth industry, indeed. With that growth, however, are a number of potential insurance issues related to the cultivation and sale of medical marijuana.

Feature Technology

Battle Ready

March 1, 2017 Ryan Wilson, Chief Technology Officer, Security, Scalar Decisions Inc.

What will it take to win the cyber security war in 2017? Organizations may choose to arm themselves with the strategic approach that has worked for high-performing organizations, including identity management and authentication, web application firewalls and encryption for data at rest.

Feature Commercial LinesLegalTechnology

Fresh Start

March 1, 2017 Jonathan Grnak, Barrister & Solicitor, Danson Recht LLP

Regulatory changes are necessary to better position Ontario for adopting autonomous vehicles and addressing any related issues. Both regulators and insurers must be ready for the near future, which will likely feature a mix of assisted driving technologies and the ability of a driver to take control should the need arise.

Feature Commercial Lines

To the Letter

March 1, 2017 Steve Pottle, Treasurer, RIMS 2017 Board of Directors; and Director, Risk Management Services, York University

Risk professionals, likely the point persons on all things insurance, should have a solid grasp of reservation of rights letters to ensure that their organizations realize the full value of their insurance policies. Careful review of such letters is essential to avoid potentially costly and serious legal consequences.

Feature InsuranceMarkets / Coverages

Staying Power

March 1, 2017 Greg Williams, Senior Director, Property/Casualty Ratings Division, A.M. Best Group, Inc.

Ongoing challenges have not forced Canada’s property and casualty industry from its position of strength, but that continued performance should not be viewed as a given. Ongoing and emerging threats demand that the market remains vigilant and beefs up enterprise risk management capabilities.

Feature Associations

Deconstructing Risk

March 1, 2017 Greg Meckbach, Associate Editor

Risk management is really about applying common sense, suggests RIMS Canada Council chair Ren Lips, who has spent most of her career in risk and insurance within construction.

Feature Legal

Charting a New Course

March 1, 2017 Brian Reeve, Partner, Cassels Brock & Blackwell LLP

The regulatory regime for reinsurance has become more ambiguous and complicated in Canada. The federal regulator needs to chart a course that strikes a balance between the protection of Canadian policyholders and ensuring a competitive insurance market exists in Canada capable of operating in

Feature Commercial LinesTechnology

Captive Audience

March 1, 2017 Greg Meckbach, Associate Editor

There is an increased interest in using captives to cover cyber risk. With cyber risk changing so rapidly, contributing to making the risk difficult to underwrite, some industry experts expect that interest to grow.

Feature Technology

Leading the Pack

March 1, 2017 Janice Deganis, National Insurance Leader; and Steve Yendall, Insurance Advisory Leader, EY Canada

Facing a potent combination of technological change, talent pressure and shifting customer expectations, Canada’s property and casualty insurers will need to flex new organizational muscles to unlock the growth potential of innovation and customer-centricity.