Canadian Underwriter

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Professional Development


News InsuranceProfessional Development

Lack of “people focus” hampers financial success of M&A: Willis Towers Watson

April 19, 2016 by Canadian Underwriter

More than four in 10 (42% of) polled insurance companies “recognize the critical importance of cultural integration and of hiring and retaining employees to the overall success of a deal,” according to a survey of senior insurance executives conducted by

News AssociationsInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

UN, World Bank Group and insurance industry join forces for formation of Insurance Development Forum

April 18, 2016 by Canadian Underwriter

Leaders of the United Nations, the World Bank Group and the global insurance industry on Monday announced the formation of the Insurance Development Forum (IDF), which occurred at a high level meeting in Washington, DC, last week. The IDF has

News AssociationsInsuranceMergers and AqcuisitionsProfessional Development

Toronto Insurance Conference puts out call for applications to TIC Scholarships Program, up to $15,000 available

April 18, 2016 by Canadian Underwriter

The Toronto Insurance Conference (TIC) is now accepting applications for the fourth year of its university scholarships program. Founded in 2013 and managed by the Insurance Institute of Ontario, the TIC Scholarships Program offers financial assistance for up to three

News CatastrophesClimate ChangeInsuranceProfessional Development

UN Secretary-General urges insurance industry to take leadership role in climate change response

April 14, 2016 by Canadian Underwriter

The global insurance industry is a key actor in forging new instruments to anticipate and manage climate risks, and must continue to work with the United Nations to manage and reduce such risks, UN Secretary-General Ban Ki-moon said on Wednesday.

News InsuranceProfessional Development

Data scientist top job of 2016, according to U.S. job search website CareerCast.com

April 14, 2016 by Canadian Underwriter

The job of data scientist, which combines information technology, statistical analysis and other disciplines to interpret trends from data, has been rated as the best job of 2016 by U.S. job search website CareerCast.com. Professions in mathematics top the 28th

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