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Marsh Canada
How brokers can prevent D&O clients from getting burned for greenwashing
September 23, 2022 by Alyssa DiSabatinoInvestors are increasingly pursuing companies for ‘greenwashing,’ referring to company directors who misrepresent their climate credentials or fail to act in accordance with their stated climate goals, says a financial services executive at Marsh Canada. Commercial brokers can help their…
What Canada’s P&C industry has learned from catastrophes
July 31, 2018 by David GambrillEach catastrophe presents a unique learning opportunity for today’s risk and insurance professional; over time, savvy risk experts will use these broad-scale “teachable moments” to better prepare their clients and employers to be more resilient in the future. Canadian Underwriter…
Insuring your client’s reputation against cyber breach? Good luck with that.
April 14, 2018 by David GambrillBusinesses wishing to insure their brand reputations against a cyber breach are going to find a hard time finding policies to cover that. “This is a huge area of concern for insurance,” says Catherine Evans, vice president-FINPRO at Marsh Canada…
How blockchain will put pressure on broker commissions in 3-5 years
April 10, 2018 by David GambrillBlockchain is going to put pressure on broker commissions and fundamentally change the way the broker channel does business over the next three to five years, says a past Marsh Canada national executive and management committee member. Blockchain will reduce…
How Canada’s data breach reporting law can help brokers sell cyber based on facts, not fear
March 22, 2018 by David GambrillCanada’s forthcoming implementation of mandatory data breach reporting may create an opportunity for the country’s commercial brokers to have conversations with their clients about cyber insurance risk based on concrete data instead of fear, a Marsh Canada broker says. Improved…
These simple questions can defuse your client’s resistance to cyber
February 26, 2018 by Jason ContantClients’ arguments against purchasing cyber insurance can often easily be defused, delegates attending NetDiligence’s Cyber Risk Summit heard Friday. Lindsey Nelson, international cyber team leader with CFC Underwriting, said she is often surprised when she hears companies saying they don’t…
A broker’s walkthrough of cyber insurance with a client
February 25, 2018 by Jason ContantThe majority of clients that Marsh Canada meets with – anecdotally 70-80% – still don’t understand what a cyber insurance policy does, Jeremiah Tonn, vice president of the brokerage’s cyber practice, said on Friday. Speaking at NetDiligence’s Cyber Risk Summit…
This is what your cyber policies should focus on
February 1, 2018 by Jason ContantBusiness interruption should be the focus of cyber insurance policies nowadays, Lindsey Nelson, international cyber team leader with CFC Underwriting, said to Canadian Underwriter in an interview on Monday. “I think it might be a matter of insurers are really…
Where you will find your next commercial cyber clients
January 29, 2018 by Jason ContantCyber insurance is evolving into the non-privacy space, with insurers moving more into business interruption coverage, Catherine Evans, vice president of Marsh Canada, told Canadian Underwriter Monday. “Insurers are pushing more into the areas where it’s really more of an…
The curious case of who pays for a building flood claim
November 28, 2017 Greg Meckbach, Associate EditorA negligence lawsuit after a flood—against a company in charge of watching building automation systems—was recently tossed out of court because of the terms of the lease agreement. A plumbing firm paid settlements to tenants after a building flood, and…
Insurers have ‘hidden behind’ regulators: Executive Forum speaker
August 30, 2017 Greg Meckbach, Associate EditorTechnological innovation is not among the goals of some government regulators overseeing insurance markets, but some can be persuaded to allow innovation if a determined insurance provider presents “a good case study,” speakers suggested Tuesday at the Insurance-Canada.ca Executive Forum. “We as insurers have hidden behind the regulators for a long time and have said, ‘Gosh, I would love to do that but I won’t be allowed to,” said David Crozier, president and chief executive officer of Everest Insurance Company of Canada. “We…
Insurance providers advised to check assumptions that younger generation is comfortable buying online
August 29, 2017 Greg Meckbach, Associate EditorThere is a “convergence” of attitudes towards technology across all age groups and insurance providers need to question their assumptions about buying habits of different demographic groups, speakers suggested Tuesday at the Insurance-Canada.ca Executive Forum. “We want to make sure…