Canadian Underwriter

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Professional Development


News CatastrophesInsuranceMergers and AqcuisitionsProfessional 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 ConstructionInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional 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.

News AssociationsInsuranceProfessional Development

William McGannon, David Mikulina named to the Risk Management Hall of Fame

April 12, 2016 Angela Stelmakowich, Editor

SAN 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

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

First open source cyber scenario released by AIR Worldwide during RIMS 2016

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO — Catastrophe modelling firm AIR Worldwide has launched what it calls the first open source deterministic cyber risk scenario, a move meant to help individual companies and the insurance industry as a whole better understand aggregated risk from

News AssociationsClimate ChangeEarnings / RatingsInsuranceLegislation / RegulationProfessional DevelopmentTechnology

Forecasting emerging risks expected to get tougher: Marsh/RIMS report

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Cyber attacks – once again identified as a top critical business risk – are expected to be a source of emerging risks, but forecasting for all emerging risks could prove more challenging over the next three years,

News InsuranceLegalMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

Cyber risk data ‘not all that robust,’ Willis Re speaker tells ICRMC

April 4, 2016 Greg Meckbach, Associate Editor

Cyber insurance has evolved considerably since 1999 but commercial insurers lack standardization in cyber policies and there is not a lot of data available for underwriters, a speaker suggested at a recent conference. For cyber risk, “the data is not

News AssociationsInsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Peace Hills Insurance launches CSIO eDelivery, obtains certification

April 4, 2016 by Canadian Underwriter

Western Canadian insurer Peace Hills Insurance has implemented eDelivery, enabling the electronic transmission of personal lines policy documents directly to consumers’ Canada Post epost digital mailboxes in place of traditional mail, the Centre for Study of Insurance Operations (CSIO) said

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsProfessional DevelopmentTechnology

Third-party service providers can be ‘hornets nest’ in cyber security: ICRMC speaker

April 2, 2016 Greg Meckbach, Associate Editor

Contracts with information technology service providers can be critical in managing risk from cyber incidents, and third-party providers need to be involved in exercising contingency plans for cyber breaches, speakers suggested Friday at the 2016 International Cyber Risk Management Conference

News AssociationsInsuranceLegislation / RegulationProfessional Development

Two Canadian financial regulatory agencies sign MOU related to disciplinary actions in Ontario

March 31, 2016 by Canadian Underwriter

The Investment Industry Regulatory Organization of Canada (IIROC) and the Financial Services Commission of Ontario (FSCO) announced on Wednesday that they have signed an information-sharing agreement that will “provide more effective regulation and strengthen consumer protection in Ontario.” Under the

News InsuranceMergers and AqcuisitionsProfessional Development

Everest Re names Jonathan M. Zaffino as president of North America Insurance Division

March 30, 2016 by Canadian Underwriter

Everest Re Group, Ltd. announced on Wednesday that it has named Jonathan M. Zaffino as president of its North America Insurance Division, effective April 1. Zaffino joined Hamilton, Bermuda-based Everest Re in 2015 as president of Everest National / U.S.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

IBAO president anticipates ‘bright future for brokers who are willing to change’

March 29, 2016 Greg Meckbach, Associate Editor

The insurance industry may not be known for technological innovation, but there is a future for brokers who are willing to change, speakers said Tuesday during the annual general meeting of the Insurance Brokers of Toronto Region. “The only thing