Canadian Underwriter

Topic Risk Managers

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P&C insurance industry launches collective recruitment effort

January 25, 2024 by David Gambrill

Canada’s property and casualty insurance industry has launched a collaborative, industry-wide recruitment effort dubbed Project Reframe. Announced by the Insurance Institute of Canada (IIC) Monday, the public education campaign aims to portray the insurance industry as an engaging, dynamic, and

Training people for success
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How firms are training tomorrow’s talent

January 8, 2024 by Alyssa Di Sabatino

Intermediate and senior underwriting positions are opening up across the industry. That has firms looking for ways to cultivate junior underwriters into successive roles. The issue, though, is that learning curves can be steep for new hires. Up-and-coming underwriters are

David Bowcroft
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2024 Executive Outlook | David Bowcott, NFP

December 19, 2023 by Canadian Underwriter Staff

David Bowcott, co-leader, NFP Construction & Infrastructure Group As we enter 2024, signs exist the Canadian P&C insurance hard market is abating. But clients are nevertheless putting in place measures they hope will sustain them through future hardening. We are beginning

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Introducing our 2024 Executive Outlook series

December 19, 2023 by David Gambrill

In the 1942 classic film Casablanca, Ilsa Lund, played by Ingrid Bergman, urges the piano player Sam to play the song “As time goes by.” It’s a favourite tune she shares with the lead man in the film, Rick Blaine,

Insurance losses going down the drain
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How insurers can manage losses as NatCat events ramp up

December 18, 2023 by Philip Porado

Whatever’s driving increasingly devastating storms over the past decade, one thing is certain — insurers have watched NatCat losses ramp up over the past decade. “It used to be an unusual year where you’d have more than a billion dollars

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What Canadian risk managers earned in 2023

December 7, 2023 by Alyssa DiSabatino

Canadian risk managers earned a median annual base salary of $122,000, according to a recent Risk Management Society (RIMS) survey. This accounts for a 1.6% increase from $120,000 in 2021, when RIMS last conducted this survey.  However, the salary for Canadian

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Hacker U, leaked nudes and AI: predicting 2024 cyber threats

December 5, 2023 by David Gambrill

Hacking courses for amateurs, leaked nudes and AI-supported scams are popular cyber threats identified in dark web forums, a cybersecurity firm has warned. NordVPN is a global virtual private network (VPN) service provider founded in 2012. It establishes secure digital

Diversity in the office
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Is your board looking at their own diversity?

December 5, 2023 by Jason Contant

It’s no longer sufficient for insurance industry board members to talk about diversity across the organization — boards need to actively look at their own diversity and address any gaps, KPMG suggested in a recent thought leadership piece.  “To build

Susan Potter, chief commercial officer, U.S. and Canada, Marsh McLennan
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Marsh McLennan creates new role for Canada and U.S. operations

November 16, 2023 by David Gambrill

Marsh McLennan has appointed Susan Potter as U.S. and Canada commercial officer, effective immediately. “We are fortunate to have Susan assume this new role,” Pat Tomlinson, Marsh McLennan’s U.S. and Canada CEO, said of Potter’s appointment. “Her exceptional leadership experience,

Person running away from risk
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Why there’s no such thing as ‘bad risk’

November 14, 2023 by Adam Mitchell

New leads are crucial for any brokerage’s growth and continued business success. Although that’s a no-brainer, here’s something to remember when it comes to converting those leads into clients: there’s no such thing as good risks and bad risks. The

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Why “hotel” offices are not making P&C employees feel at home

November 10, 2023 by David Gambrill

Hotel workspaces may be the rage in hybrid offices, but many Canadian P&C insurance industry employees say they don’t feel at home in the new digs. Hotelling is a shared workspace model where an employee reserves a desk or room

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What it’s like to be a public sector risk manager

October 26, 2023 by Alyssa Di Sabatino

No two days are alike for public sector risk managers. One day, their jobs might require predicting risk for a transit facility; the next day, a long-term care home. That’s why it’s crucial for public risk managers to break out