Canadian Underwriter

Topic
Professional Development


News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentReinsurance

What OSFI expects insurers to know about reinsurance

November 30, 2017 Jason Contant, Online Editor

While the Office of the Superintendent of Financial Institutions (OSFI) expects federally regulated insurers (FRIs) to comply with its guideline on reinsurance, it realizes that “this guidance was not always well-understood by the industry and [has] identified opportunities to clarify

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

Proposed law would make broker discipline hearings public

November 29, 2017 Greg Meckbach, Associate Editor

A rule requiring disciplinary hearings of Ontario brokers be open to the public is currently included in the province’s budget implementation bill, which has yet to be passed. The Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter Wednesday it

News InsuranceLegalMarkets / CoveragesProfessional Development

GRC coverage mix-up lands brokerage in hot water with regulator

November 29, 2017 by Canadian Underwriter

Editor’s Note:  An earlier version of this story incorrectly referred to Keith Jordan as a broker who had been found in violation of the Council’s Code of Conduct. In fact, Jordan was the operating agent for HUB at the time

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Calling all data scientists: Canada’s P&C industry wants you

November 28, 2017 David Gambrill, Editor-in-Chief

Canadian property and casualty (P&C) insurers seeking to advance their artificial intelligence (AI) capabilities will have a tough time recruiting data scientists to help them transform their data into genuine business insights, says a recruiter who works with the P&C

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentTechnology

What’s keeping risk managers up at night?

November 27, 2017 Jason Contant, Online Editor

Darius Delon, a consultant and president of Risk Management 101, told Canadian Underwriter Monday what he sees as the top concerns for risk managers. Here are his Top 3 risks: Number 1: Awareness about legislative changes In some instances, organizations

News AnnouncementsAppointmentsInsuranceMarkets / CoveragesProfessional Development

P&C People: Who’s doing what

November 25, 2017 David Gambrill, Editor-in-Chief

Quebec regulator names inaugural fintech director The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec’s financial sector, has appointed Moad Fahmi to the new position of director of fintech and innovation. “This new function will foster the collaboration that

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

What’s the hourly wage of an insurance professional?

November 25, 2017 David Gambrill, Editor-in-Chief

Ontario’s recent minimum wage hike up to $15 per hour ruffled a few feathers within the business community, but the new legislation didn’t raise much of a fuss within the property and casualty (P&C) insurance sector. “On this particular issue,

News AssociationsInsuranceProfessional DevelopmentTechnology

Why future recruits will flock to the automated insurance workplace

November 23, 2017 David Gambrill, Editor-in-Chief

While it remains to be seen whether or not the industry’s anticipated move to automate “paper pushing” roles over the next decade will spawn major job losses, the industry may have an easier time attracting youth to the more advanced

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Broker CE on mobiles. What’s next, Virtual Reality classrooms?

November 20, 2017 David Gambrill, Editor-in-Chief

Continuing Education (CE) for brokers will likely make its way onto mobile devices in the short term, with the world of Virtual Reality classrooms to follow over the longer term — perhaps in the next five to 10 years, says

News InsuranceMarkets / CoveragesProfessional Development

Commercial brokers close to “holy grail” of data integration

November 19, 2017 by Canadian Underwriter

Toronto Insurance Conference (TIC), an association of Canadian commercial insurance brokers, is poised to launch a proof of concept leading towards real-time data integration — the “the holy grail” of commercial lines insurance. It’s a big step towards real-time data

News AppointmentsInsuranceMarkets / CoveragesProfessional Development

P&C people: Who’s doing what?

November 17, 2017 Greg Meckbach, Associate Editor

Economical Insurance has hired a new personal lines EVP, while The Guarantee Company of North America’s former chief executive officer is now a senior fellow for the C.D. Howe Institute. Economical welcomes MacDonald to the team Economical Insurance announced Tuesday

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Brokers answer call to discuss industry’s ‘administration problem’

November 16, 2017 by Canadian Underwriter

Responding to an insurer’s call for carriers and brokers to find tech solutions to help solve the industry’s “administration problem,” brokers have responded by welcoming such a dialogue, citing several initiatives already dedicated to the task. RSA Canada president and