Canadian Underwriter

Keyword
risk management


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News InsuranceRisk

2 risks keeping these business leaders up at night

July 12, 2022 by Alyssa DiSabatino

Québec businesses are more likely to prioritize business interruption and environmental risks than their counterparts in the rest of the country, according to a new report by Aviva.  However, both Québec and the rest of Canada are equally keen on

Atlantic Ocean near Newfoundland
News Insurance

Three charges laid for 2019 spill from Newfoundland’s Hibernia offshore oil platform

July 6, 2022 The Canadian Press

ST. JOHN’S, N.L. – Newfoundland and Labrador’s offshore oil regulator is laying charges in connection with a 2019 oil spill in the Hibernia field, which sits about 315 kilometres off the coast of St. John’s. The Canada-Newfoundland and Labrador Offshore

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News InsuranceRiskTechnology

What the regulator’s focus on digital risk means for you

June 27, 2022 by David Gambrill

Expect Canada’s solvency regulator to become more active in overseeing the P&C industry’s digital risks. “Insurers have become more digital with changes in business models and service delivery,” OSFI superintendent Peter Routledge said in prepared remarks to insurers attending the

Economic crisis and related business therms word cloud written with chalk on black board. There is a big arrow chart moving down. A businessman seen from the back is looking at the blackboard
News Commercial LinesInsuranceMarkets / CoveragesRisk

P&C industry fastening its seatbelt for risk of global recession

June 20, 2022 by David Gambrill

Fresh from emerging from a global pandemic, Canada’s P&C insurance industry is turning its mind toward the next item on its global risks list – the threat of an economic recession. Global economic recession topped the list of potential 2023

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News ClaimsCommercial LinesInsuranceRiskTechnology

How your large business clients can manage cyber risks they can’t see

June 14, 2022 by David Gambrill

In the wake of lifting of pandemic restrictions, digital transformation is becoming so extensive that organizations are having trouble getting a handle on their broadening cyber exposures. “As organizations grow and incorporate digital and cloud transformation into the fabric of

News Insurance

Paid How to help your clients mitigate cyber risk in 90 minutes: Victor Canada

June 9, 2022 VICTOR CANADA

Introducing Victor Canada’s new cyber assessment and consultation, a complimentary offering for Victor Errors & Omissions and Technology policyholders. An increase in the frequency and sophistication of cyberattacks has left many brokers wondering how best to help their clients manage

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News AssociationsBrokersInsuranceRisk

How better risk controls have helped Canada’s P&C industry thrive

May 26, 2022 Philip Porado

Over the past 20 years, a transition from traditional risk management approaches to enterprise risk management (ERM) helped Canada’s property and casualty insurance industry post stronger performance and financial health, compared with many other industries. A recent Insurance Institute study

News Insurance

Paid HOW PROACTIVE ARE YOUR CLIENTS’ CYBER RISK STRATEGIES?

May 3, 2022 VICTOR CANADA

With cybersecurity spending expected to exceed US$1 trillion, it’s clear more businesses than ever before are realizing the need to invest in their cyber defenses. “Yet throwing money at a problem is never the lone answer,” says Kevin Auger, department

Documents about fraud risk management
News Insurance

Fraud risk management at B.C.’s $16 billion Site C dam project can improve: auditor

April 27, 2022 by Jason Contant

VICTORIA – British Columbia’s auditor general says Crown-owned BC Hydro can improve its management of potential fraud risks at the $16 billion Site C dam project. Michael Pickup says an audit found the Crown corporation has some elements of fraud

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News Insurance

Is the war for talent industry-wide?

February 25, 2022 by Jason Contant

Finding talent for the risk management sector is a little easier than it is for brokerages, a RIMS board director says. “There’s a lot of people who go into risk management who want to stay in risk management, so the

Risk management concept
News Insurance

Captives can provide solutions for capacity limitations

January 20, 2022 Mike Lister

Emergence of new risks alongside capacity restrictions across industry sectors makes it more important than ever for risk managers to strike the right balance between risk retention and risk transfer. Often, this leads to increased interest in alternative risk solutions

Picture of No Diving sign next to a lake
News ClaimsCommercial LinesInsurance

The case for tracking your risk advice

January 19, 2022 by David Gambrill

The City of Revelstoke, B.C., has been found 35% contributorily negligent for not adhering to a recommendation contained in a 2011 risk management audit, which advised to maintain painted ‘No diving’ signs on a raft in Williamson Lake Park. “The