Keyword
ERM
How better risk controls have helped Canada’s P&C industry thrive
May 26, 2022 Philip PoradoOver the past 20 years, a transition from traditional risk management approaches to enterprise risk management (ERM) helped Canada’s property and casualty insurance industry post stronger performance and financial health, compared with many other industries. A recent Insurance Institute study…
New rating methodology from A.M. Best expected in Q4
September 8, 2017 Greg Meckbach, Associate EditorA.M. Best Company Inc. expects its new methodology – which will yield five different scores for capital adequacy ratio – will become effective early in the fourth quarter but will not be a “fundamental change” to how the ratings firm…
Chubb broadens cyber enterprise risk management solutions for Canadian and American clients
August 30, 2017 by Canadian UnderwriterChubb announced on Wednesday that it has broadened its enterprise risk management solutions for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management and DigiTech Enterprise Risk Management, combine cyber insurance…
Complexity, speed of change of emerging risk exposures placing greater attention on effectiveness of ERM strategies, new report says
January 9, 2017 by Canadian UnderwriterThe complexity and speed of change of emerging risk exposures are placing greater attention on the effectiveness of enterprise risk management (ERM) strategies across all industry sectors, according to a newly released report. The report, titled Communicating the Value of…
Cyber insurance underwriters may want to consider less “absolute” questionnaires: ICRMC speaker
April 1, 2016 Jason Contant, Online EditorInsurers who underwrite cyber insurance may want to consider less “absolute” questions during their coverage questionnaires, a speaker suggested on Thursday at the 2016 International Cyber Risk Management Conference (ICRMC), held in Toronto. “I was the one that completed the…