Canadian Underwriter

Features


Feature

Risk Ready

December 18, 2017 Angela Stelmakowich, Editor; Jason Contant, Online Editor and Greg Meckbach, Associate Editor

Risk is all around. Risk professionals are increasingly becoming entrenched in discussions early on regarding how to not only protect company assets and resources should something occur, but to provide insights in advance to beef up preparedness and blunt potential adverse impacts.

Feature Appointments

TIC Talk

December 14, 2017 Greg Meckbach, Associate Editor

With technology disruption well-established on its radar screen, the Toronto Insurance Conference will soon have a Millennial, Rael Levy, at its helm.

Feature

Digital Fusion

December 12, 2017 Manish Shah, Executive Vice President and Leader, Global Software Product Division,Majesco

Digital fusion looks poised to revolutionize the insurance industry. To join the revolution, insurers need to ensure their core, data and digital capabilities are available as micro-services that can be “fused” together if they expect to be in position to offer customers a truly digital experience. But that also means clearing any hurdles remaining within their systems and operations.

Feature Catastrophes

Burning Questions

December 11, 2017 Angela Stelmakowich, Editor

What is needed to create enhanced focus and kick-start more action with regard to the wildfire peril in Canada? Approaches deserving of a look (or a closer look) range from improving stakeholder understanding of the potential related losses to rethinking how the peril needs to be modelled and addressed within insurance policies.

Feature

Rude Awakening

December 7, 2017 The CIP Society - Insurance Institute of Canada

The claims process can be a tense time for insurance professionals involved, with things sometimes getting testy. Should criticism of a claims adjuster be included in an email between a broker and insurer, one in which both the adjuster and customer are also copied, steps need to be taken to correct any wrongs done.

Heather Gray, Equity Partner, Clyde & Co. Canada LLP
Feature Legal

Standard Yet Complex

December 5, 2017 Heather Gray, Equity Partner; and Laura Sullivan, Articling Student, Clyde & Co. Canada LLP

A Nova Scotia ruling exploring the standard of care and “complexity” of risk may offer some relief for insurance brokers, but that should not inspire complacency. While it appeared that the standard of care for brokers had expanded, brokers must clearly understand that standard of care may increase in line with the complexity of the risk.

Feature Technology

Digital Access

December 1, 2017 Ron Stokes, FinTech Leader; and Morgan Richardson, Manager, Financial Services Transactions, EY Canada

As fintechs and insurtechs take hold, more than just the tech is changing. Incumbents are joining fintech firms in realizing a digital approach — anchored by strong and agile core systems — is necessary to put customers first. And cultivating that approach from the time customers are young offers promise of customers for life.

Feature Catastrophes

In the Alternative

November 29, 2017 Greg Meckbach, Associate Editor

Losses from recent hurricanes could top US$100 billion, threatening to wipe out some Cat bonds. Still, reinsurance experts say investor support for new insurance-linked securities remains strong, with any players opting to exit the market expected to be easily replaced.

Feature Reinsurance

Part of the Whole

November 27, 2017 by Canadian Underwriter

The global natural catastrophe story for 2017, one that could tell the tale of the largest related losses in history, shows how interconnected each country’s reinsurance market is to the global whole. Reinsurers operating in Canada are advised that, this time around, being part of the whole may demand rethinking risk, pricing and partners.

Greg Meckbach, Associate Editor
Feature Markets / Coverages

Thinking the Unthinkable

November 14, 2017 Greg Meckbach, Associate Editor

Brokers who watched the final panel of insurance chief executive officers (CEOs), at the recent RIMS Canada’s annual conference, would have heard that the Corporation of Lloyd’s perceives terrorism and nuclear incidents as two of today’s “top four” man-made threats.

Feature Insurance

Affluent Market

November 10, 2017 Tia Becker, Manager of Personal Insurance, Burns & Wilcox Canada

Many wealthy homeowners have risks that are hard to place and may be suited for high-net-worth insurance policies, which can be tailored to reflect differences in contents and lifestyle.

Feature Technology

Connected Consumers

November 8, 2017 Greg Meckbach, Associate Editor; and Angela Stelmakowich, Editor

Insurtechs may present a threat to established insurance providers, but an Executive Forum speaker contends that young people should be in the market for a trusted advisor