Topic
Risk
How B.C. auditor general rates the provincial government’s cyber security
August 20, 2019 by Greg MeckbachIf your client has a formal process to disable computer network access for employees and contractors who no longer work there, that client’s cybersecurity is better in at least one respect than some of British Columbia government departments. The province’s…
Simple ways to keep a roof on during a tornado
August 13, 2019 by Jason ContantThe Institute for Catastrophic Loss Reduction (ICLR) and home building company Doug Tarry Homes Ltd. have joined forces for a pilot project on increasing the resilience of homes to high wind and tornado events. High winds contributed in part to…
This airbag might increase injury risk
August 12, 2019 by Adam MalikA relatively new attempt to lower the risk of injury in a collision has been panned by a safety group. The Insurance Institute for Highway Safety (IIHS) recently reviewed knee airbags – something that has grown in popularity of the…
Insuring the influencers
August 7, 2019 Jason Contant, Online EditorPublishing content has taken a whole new direction on social media, and here’s how insurance is keeping pace
Why insurance is the worst investment
August 6, 2019 by Jason ContantIs insurance a good investment? No, according to one risk manager. “I believe that insurance is the worst investment you can make,” said Stéphane Cossette, senior director of risk management with Quebecor Media Inc. in Montreal. “I actually tell people…
What’s at the heart of today’s hardening market cycle
August 1, 2019 by Jason ContantThe origin of today’s hardened market cycle is a natural evolution of a very long soft market cycle, a senior risk manager told Canadian Underwriter recently. “I really believe that we had a soft market that lasted too long,” said…
Should risk managers assume more risk?
July 29, 2019 by Jason ContantRisk managers should stop “trading dollars” with an insurer and consider increasing their deductibles and assuming some of the risk, suggested Stéphane Cossette, senior director of risk management with Quebecor Media Inc. “Get rid of the noise, get rid of…
How the hard market affects these risk managers
July 24, 2019 by Jason ContantThe hardening market is even affecting risk management in post-secondary institutions. One risk manager in Calgary said the challenges he is seeing are less about tightening of conditions in an insurance contract than underwriting unique exposures. The post-secondary environment has…
Three reasons innovation labs almost always fail
July 22, 2019 by Jason ContantLack of alignment with the business is one of the three main reasons innovation labs fail, according to Simone Bhan Ahuja, an author, speaker and founder of innovation advisory Blood Orange. The lack of metrics to track success and lack…
How not to manage risk at a cryptocurrency provider
June 21, 2019 Michael MacDonald - THE CANADIAN PRESSHALIFAX – The accounting firm investigating the unseemly demise of Canada’s QuadrigaCX cryptocurrency exchange is accusing the company’s late founder of creating fake trades and transferring customer funds into his personal accounts, where the money was used for high-risk margin…
The key role of risk managers during climate change
June 20, 2019 by Adam MalikFinancial companies, including insurers, are moving positively towards dealing with climate change but more needs to be done – and it will need to be risk managers at the forefront to prepare their companies, according to a new study. The…
Data breach affects nearly 3 million Desjardins Group members
June 20, 2019 THE CANADIAN PRESSMONTREAL – Desjardins Group said Thursday the personal information of more than 2.9 million of its members has been shared with individuals outside of the organization. The Quebec-based financial institution said the breach affects 2.7 million individual members and 173,000…