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Phil Cook
Why this P&C consultant is not convinced we’re in a hard market
January 21, 2020 by Jason ContantHard markets and “difficult” markets are two different things, and one property and casualty insurance industry consultant is not convinced we’re in a hard market. “Almost universally, people are talking about us being at the beginning of a hard market…
When OSFI will reissue proposed draft reinsurance rules
January 21, 2020 by Jason ContantThe Office of the Superintendent of Financial Institutions (OSFI) could be reissuing a new draft of its proposed new reinsurance rules “within the next few weeks,” a property and casualty insurance industry veteran predicted last week. “I believe OSFI will…
Should the industry have a specific line of business for ‘catastrophe’?
January 16, 2020 by Jason ContantIs it time the insurance industry starts zeroing in on a single definition of catastrophe? Traditionally, the industry would offer a named perils policy outlining specific catastrophe coverages or an all-risks policy, which covered risks unless they were specifically excluded.…
Why the industry needs to focus on “accidental” disruptors
January 22, 2019 by Jason ContantThe insurance industry is used to looking for “intentional” disruptors, but it really needs to focus on “accidental” disruptors, says a P&C insurance consultant. “We all can see the real disruptors out there, the ones that are finding the ways…
What will insurance look like in 30 years?
January 21, 2019 by Jason ContantInsurance company survival and relevancy will be big issues for the industry in the coming decade, predicts a P&C industry consultant. “We are facing somewhat of a crisis in that our industry is only picking up 32% of catastrophic losses…
Hard market? Not so fast.
January 16, 2019 by Jason ContantThe Canadian insurance industry is not at the beginning of a hard market, says Phil Cook, a P&C industry consultant and CEO of Omega Insurance Holdings. “There are some commentators out there that will say we are at the beginning…
Looking at the big picture crucial for claims industry: speaker at CICMA/CIAA conference
January 31, 2017 Jason Contant, Online EditorAlthough the claims world can be “very insular,” there are efforts underway to understand how the industry fits into the “greater whole,” Joe Fidilio, vice president of financial lines claims with AIG Canada, said during a recent industry event. Speaking…
Claims industry improving on creation of succession plans, but planning should be for all industry positions: Cook
January 30, 2017 Jason Contant, Online EditorThe claims industry is doing a much better job of developing leaders and creating succession plans than it has in the past, Phil Cook, CEO of Omega Insurance Holdings Inc., said during the CICMA/CIAA Ontario Chapters’ 50th Annual Joint Conference…