Canadian Underwriter

Topic Emerging Risks

Humorous mobile cloud computing conceptual image
News ClaimsCommercialCyberEmerging RisksInsurersLiabilityLoss TrendsRisk Managers

How your large business clients can manage cyber risks they can’t see

June 14, 2022 by David Gambrill

In the wake of lifting of pandemic restrictions, digital transformation is becoming so extensive that organizations are having trouble getting a handle on their broadening cyber exposures. “As organizations grow and incorporate digital and cloud transformation into the fabric of

Young people taking a travel selfie.
News BrokersClaimsEmerging RisksInsurersPersonal HomeProperty

Travel selfie spike could prove stressful for contents insurers

June 13, 2022 by Canadian Underwriter Staff

Social media savvy Canadians may find their tendency to post vacation selfies resulting in the wrong kind of house cleaning. With COVID-19 restrictions easing, summer is once again travel time and 62% of Canadians who are active on social media

Thermometer and hot summer sun
News B.C.Emerging RisksEnvironmental

B.C. report calls for co-ordinated heat alert system to prevent future deaths

June 8, 2022 by Dirk Meissner - THE CANADIAN PRESS

VICTORIA – British Columbia is better prepared to withstand a hot weather emergency like that which caused more than 600 deaths last summer, but more must be done to protect people and communities, says the chief medical officer at the

Cars on a robotic assembly line in a commercial facility.
News BrokersCommercialConstructionEmerging RisksInsurersProperty

Inflation creates need for brokers to revisit coverage levels with their clients

June 3, 2022 by Philip Porado

Brokers are typically leading conversations about inflation-driven insurance value adjustments for commercial building owners and builders, said Bernard McNulty, chief agent and head of claims, Allianz Global Corporate Specialty. But, he added, clients also are contacting brokers to inquire about

Flooded warehouse full of floating cardboard boxes
News AdjustersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyCommercialConstructionEmerging RisksEnvironmentalProperty

Why insureds might need parametric coverage alongside conventional policies

June 1, 2022 by Megan Linkin

When Hurricane Ida made landfall on Aug. 29, 2021, a handful of parametric insurance policies in Swiss Re Corporate Solutions’ portfolio were affected and potentially triggered. By Sept. 1, all relevant data for determining if the hurricane’s winds met policy-defined

Container ship, heavily loaded, at sea.
News AdjustersBusiness InterruptionCatastrophesClaimsClaims ProfessionalsClaims TechnologyCommercialCyberEmerging RisksInsurersLoss ControlLoss TrendsSupply Chain

War and other factors loom over shipping sector: report

May 27, 2022 by Philip Porado

While fewer total losses of cargo ships worldwide is good news for marine insurers, the number of shipping casualties rose during 2021, said Allianz Global Corporate & Specialty’s (AGCS) annual Safety & Shipping Review. Globally, 54 total vessel losses were

Rock climber getting a helping hand.
News Emerging RisksLoss ControlLoss TrendsRisk Managers

Why COVID-19 created opportunities for risk managers

May 19, 2022 by Jason Contant

Risk management professionals are gaining a voice in the executive ranks, partially because COVID-19’s helped raise the sector’s profile. “There is now a seat at that table where there never was before,” said Steve Pottle, chairman of the RIMS Canada

Stock market trading screen showing sell-off.
News ClaimsClaims ProfessionalsCommercialEmerging RisksInsurersLegalLiability

Stock market volatility may spike E&O claims

May 17, 2022 by Michelle Schriver

Investors are taking a turbulent ride as global stock markets correct and increasingly run the risk of entering recession territory. And, with some advisors’ clients ‘at the edge,’ that raises a red flag for errors and omissions (E&O) claims against

Gathering the data for underwriting a risk.
News BrokersClaimsCommercialCommercial AutoConstructionCyberEmerging RisksHRInsurersLiabilityMergers and AqcuisitionsMGAsOperationsPersonal AutoPersonal HomePropertyRisk ManagersTrusted Advisor

Where have all the good underwriters gone?

May 12, 2022 by Gloria Cilliers

For years, insurers have poached commercial underwriters from one another amid M&A activity, an aging population and hard/soft markets. But that’s left the industry with less seasoned talent and slower investment in acquisition, training and retention. “Suddenly, more so than

Woman looking at horizon through binoculars.
News CommercialEducationEmerging RisksInsurersLoss ControlLoss TrendsOperationsPersonal AutoPersonal HomePropertyTrendingTrusted Advisor

4 insurance industry trends to watch

May 11, 2022 by Tara Kelly

In this third calendar year marked by the pandemic, emerging trends in data collection and security require insurance policy offerings to keep pace with client needs. We can count on innovation and technology to keep reshaping the insurance sector in

a drone flying in a cloudy sky where the sun goes down
News Emerging RisksInsurersLoss ControlLoss Trends

Drones, phones and loss control: how inspections changed amid the pandemic

May 5, 2022 by Alyssa DiSabatino

Loss control strategies had to pivot amid the COVID-19 pandemic, and while many insurance carriers reverted to ‘Old School’ loss control inspections via the phone, some took it even further, industry experts share during a Canadian Underwriter webinar.   The

Disco ball.
News ClaimsClaims Canada ArchiveEmerging RisksInsurersLoss Trends

What disco-era stagflation means for insurers’ bottom lines

May 5, 2022 by Philip Porado

Tight supply chains are taking a bite out of GDP numbers, stagnating economies across the globe while simultaneously pushing up prices. For anyone whose memories don’t stretch back to the 1970s, the counterintuitive combination of a stagnating economy and rising