Keyword
Enterprise Risk Management
Chubb broadens cyber enterprise risk management solutions for Canadian and American clients
August 30, 2017 by Canadian UnderwriterChubb announced on Wednesday that it has broadened its enterprise risk management solutions for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management and DigiTech Enterprise Risk Management, combine cyber insurance…
U.S. P&C industry sustains favourable rating activity in H1 2017: A.M. Best
August 17, 2017 by Canadian UnderwriterCredit rating activity for the United States’ property and casualty industry in the first half of 2017 was favourable, with upgrades outpacing downgrades, A.M. Best Company reported on Thursday. Nearly one-third of the 2017 upgrades were driven by “increased parental…
Proposed model law could beef up U.S. insurers’ cyber risk management
August 17, 2017 by Canadian UnderwriterNew cyber-related obligations being proposed south of the border, if approved, could promote more rigorous cyber risk management practices in the U.S. insurance market, Fitch Ratings suggests. The CyberSecurity Working Group of the National Association of Insurance Commissioners (NAIC) has…
Complexity, speed of change of emerging risk exposures placing greater attention on effectiveness of ERM strategies, new report says
January 9, 2017 by Canadian UnderwriterThe complexity and speed of change of emerging risk exposures are placing greater attention on the effectiveness of enterprise risk management (ERM) strategies across all industry sectors, according to a newly released report. The report, titled Communicating the Value of…
Ed launches global cyber academy
November 4, 2016 by Canadian UnderwriterEd, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer,…
The Art of Taking Risk
August 1, 2016 Jessica Wasserman, Office of Compliance and Risk Management, New York UniversityRisk professionals would do well to consider “taking risk” as part of the risk management role. The art of taking that risk, however, demands risk professionals of all types have an understanding of conditions, influences and a clear plan on how best to go about meeting that objective.
William McGannon, David Mikulina named to the Risk Management Hall of Fame
April 12, 2016 Angela Stelmakowich, EditorSAN DIEGO – William McGannon, a risk management pioneer who had a resounding impact on Canada’s risk management profession, is among the two latest members of the Risk Management Hall of Fame (RMHF). McGannon – long-time employee of NOVA Chemical…
Raising the Bar
December 1, 2015 Doug King, National Data & Analytics Leader, Audit; and Lee Alfrey, National Lean in Audit Leader, KPMG in CanadaAudit professionals are increasingly using two innovative audit techniques – data and analytics, and lean in audit. Offering an opportunity to raise the bar for audit quality and risk detection, the new approaches not only enhance audit value, but often produce insights businesses can use to manage risk and improve business results.
Back to Business
December 1, 2015 Matt Johnson, President, Commercial Loss Experts, and Board Director, Disaster Recovery Information Exchange (Toronto)Protecting property can equate to protecting one’s business. But to make that objective a reality, a comprehensive and well-conceived business continuity plan should be in place. Planning for the worst-case scenario can help a business minimize business interruption.
Profits for Canadian p&c insurance companies endure despite challenging market conditions: A.M. Best
September 15, 2015 by Canadian UnderwriterCanada’s property and casualty insurance market – faced with challenging market dynamics and unforeseen headwinds like the steep decline in global oil prices – remains resilient, prompting A.M. Best to maintain a stable rating outlook for the industry as a…