Keyword
Commercial Risk Management
Beyond Fun and Games
July 3, 2015 Andrew Duxbury, Underwriting Manager, Munich ReToronto is playing host to the Pan Am Games and the Parapan Am Games this summer. But what if something happened – a flood, a civil protest, a transportation shutdown? What could it mean for reinsurers and insurers if the Games are interrupted?
Recreational Waivers
July 3, 2015 Robert A. Betts, Associate, Beard Winter LLPVendors of recreational activities, such as amateur athletics and extreme sports, can face legal actions in the event of accidents, including those resulting in injury. What are the issues around waivers in the recreational industry and what steps should be taken in support of a waiver defence?
Learning to Share
June 1, 2015 Craig Harris, Freelance WriterThe “sharing economy” of services like Uber and Airbnb represents a murky area for property and casualty insurance. Brokers, insurers and regulators in Canada have issued warnings about the gaps in coverage as the lines blur between personal and commercial usage of property and vehicles. The trench fighting about insurance deficiencies masks a bigger issue – the growing popularity of these unique shared economic services will require a new approach to risk and rate assessment.
CASL-Ready
June 1, 2015 J. Andrew Sprague, Associate, Miller Thomson LLPThe country’s regulators are taking corrective actions and issuing penalties related to Canada’s Anti-Spam Legislation, which took effect last July. The serious consequences arising from breaching related requirements, though, make clear that companies need to take steps to develop corporate compliance programs.
Poised for Change
June 1, 2015 Christopher Gonzales, National Product Leader, Professional Liability, Burns & Wilcox CanadaProposed amendments to Canada’s Personal Information Protection and Electronic Documents Act, if passed, would vastly change the current privacy landscape. Beyond modernizing the way personal information is protected, Bill S-4 may impact how cyber insurance is underwritten. This new environment will demand a corresponding change in cyber insurance’s approach and coverage to remain in step.
Age of Disruption
June 1, 2015 Terry Stuart, Chief Innovation Officer, Deloitte CanadaCanada’s economy, like others around the world, is facing rapid advances in technology. The incredible disruptive potential of these changes – including, but not limited to, artificial intelligence, advanced robotics, networks, advanced manufacturing and collaborative connected platforms – clearly demonstrate the need to be prepared.
Sight on Cyber
June 1, 2015 Angela Stelmakowich, EditorIf one is in the Canadian property and casualty insurance industry, it seems there is no getting away from talk of flood – or cyber. And while some encouraging, concrete developments are unfolding with regard to the former – insurers…
Moves and Views
June 1, 2015 by Canadian Underwriter1 Allianz Global Corporate & Specialty SE (AGCS) announced in May that Ulrich Kadow [1] has been appointed chief agent for AGCS Canada. Kadow was previously AGCS’s global head of package and multi-line, “where he established the mid-market property, liability…
Marketplace
May 1, 2015 by Canadian UnderwriterCANADIAN MARKET Zurich Canada launches drone insurance package Zurich Canada has launched a new drone insurance product that it maintains “closes an important coverage gap” for companies already making use of drones. Developed in partnership with Global Aerospace Underwriting Managers Limited…
Driving Forward
May 1, 2015 Angela Stelmakowich, EditorTelematics is revving up. Fuelled by the promise of securing consumer loyalty and gaining competitive advantage, offerings from traditional and non-traditional players in the property and casualty space are meant to help position companies for the future. But will current regulatory restrictions serve to stall out the possibilities?
D&O on Alert
May 1, 2015 Cameron Rose, Senior Vice President, Chubb Specialty InsuranceDirectors and officers at Canada’s publicly listed companies face personal liability as a result of unfolding trends related to securities, environmental and cyber issues. But a well-conceived mix of risk management processes and risk transfer tools can help protect both companies and their directors and officers.
Phish Tales
April 1, 2015 Kadey B.J. Schultz, Partner; and Aleksandra Zivanovic, Associate, Hughes Amys LLPCyber criminals have perpetrated – and continue to perpetrate – on banks around the world a spin on the classic bait-and-switch manoeuvre. The new form of phishing has already proved very costly and should serve as a caution that all industries, not just financial institutions, need to develop cyber resilience to avoid getting hooked in.