Topic
Professional Development
UN Secretary-General urges insurance industry to take leadership role in climate change response
April 14, 2016 by Canadian UnderwriterThe 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.…
Data scientist top job of 2016, according to U.S. job search website CareerCast.com
April 14, 2016 by Canadian UnderwriterThe 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…
ICLR to host webinars on wildfires and hurricanes in May
April 13, 2016 by Canadian UnderwriterThe 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…
RIMS executive report outlines steps to successful risk taking
April 12, 2016 Angela Stelmakowich, EditorSAN 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…
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, EditorSAN 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.…
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…
First open source cyber scenario released by AIR Worldwide during RIMS 2016
April 11, 2016 Angela Stelmakowich, EditorSAN 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…
Forecasting emerging risks expected to get tougher: Marsh/RIMS report
April 11, 2016 Angela Stelmakowich, EditorSAN 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,…
Cyber risk data ‘not all that robust,’ Willis Re speaker tells ICRMC
April 4, 2016 Greg Meckbach, Associate EditorCyber 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…
Peace Hills Insurance launches CSIO eDelivery, obtains certification
April 4, 2016 by Canadian UnderwriterWestern 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…
Third-party service providers can be ‘hornets nest’ in cyber security: ICRMC speaker
April 2, 2016 Greg Meckbach, Associate EditorContracts 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…
Two Canadian financial regulatory agencies sign MOU related to disciplinary actions in Ontario
March 31, 2016 by Canadian UnderwriterThe 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…