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RIMS Canada Conference

News BrokersRisk

What risk managers want from their brokers

September 26, 2019 by Adam Malik

As the market transforms, risk managers are looking for their brokers to keep them up to speed on market dynamics and why they are happening, a panel discussion said. Times are more challenging for everyone in the insurance industry, which

News InsuranceRisk

Why now is the time to shine for risk managers

September 24, 2019 by Adam Malik

Facing increasingly difficult market conditions means now’s the time risk managers can prove their true worth, one expert told a recent panel. Steve Pottle, director of risk management at Thompson Rivers University in Kamloops, B.C., said that as renewal costs

News InsuranceRisk

What risks are most worrying?

September 23, 2019 by Adam Malik

While it feels like cyber threats have been around for some time, they’re still at the top of the list of emerging and ongoing risks for some industry professionals. But there are others that are grabbing the attention of insurance

News Insurance

This is what’s putting the industry ‘at a tipping point’

September 20, 2019 by Adam Malik

Technology has been great for the insurance industry. But it’s also been creating problems, specifically creating a difficult market cycle. And it’s not the only reason why one panellist at the recent RIMS Canada Conference said the industry is “at

News BrokersInsuranceProfessional DevelopmentRisk

How should you approach risky projects?

September 19, 2019 by Adam Malik

Debating on taking that risky project others seem to be shying away from? One insurance leader believes you should jump all over it. There was a point in her career when people told Christine Lithgow to not take on a

News InsuranceMarkets / CoveragesProfessional Development

Commercial brokers compensation will flip over time: RIMS Canada CEO panelist

September 28, 2017 Greg Meckbach, Associate Editor

Canadian consumers still “value the trusted advisor model” when buying insurance but there will soon be a “flipping” of brokers’ compensation model on commercial lines, whereby brokers will tend to earn more of their money on the consultative services, senior

News InsuranceMarkets / Coverages

Industry faces ‘very long list of emerging risks’ including pandemic: RIMS Canada CEO Panel

September 27, 2017 Greg Meckbach, Associate Editor

Terrorism and nuclear incidents are among the top risks keeping insurers awake at night, and the industry could do a better job of categorizing risk, chief executive officers of insurance providers suggested Wednesday to risk managers in Toronto. “Climate change

News InsuranceMarkets / CoveragesTechnology

City of Toronto examining impact of automated vehicles on internal departments: RIMS conference speaker

September 27, 2017 Jason Contant, Online Editor

The City of Toronto is taking an all-encompassing approach to automated vehicles by examining their potential impact on a variety of city departments, attendees to the RIMS Canada Conference heard on Monday. AVs could impact taxi regulations, employment, social services,

News ClaimsConstructionInsurance

Marijuana impairment-related losses could potentially trigger GL policies: RIMS speaker

September 27, 2017 by Angela Stelmakowich

Insurers would be well-advised to track the evolving marijuana risk to determine if impairment-related loss history could trigger defence and indemnification obligations under employers’ general liability policies, it was suggested Tuesday during a session at the RIMS Canada Conference in

News InsuranceMarkets / Coverages

Brokers placing fidelity coverage should be ‘involved early on’ in fraud investigations: RIMS speaker

September 26, 2017 Greg Meckbach, Associate Editor

Risk managers dealing with internal fraud investigations need to get brokers and carriers involved early in any fraud investigation, regardless of whether or not criminal charges are being pursued, and ensure that evidence is preserved, RIMS Canada Conference speakers suggested

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Autonomous vehicles will require a reassessment of liability: RIMS Canada Conference speaker

September 26, 2017 Jason Contant, Online Editor

Autonomous vehicle (AV) technology will require a reassessment of liability and the uncertainty surrounding liability may even slow the introduction of AV technology, a speaker suggested on Monday at the RIMS Canada Conference. Jim Kidd, project manager at the City

News InsuranceLegalMergers and AqcuisitionsTechnology

Cyber attacks could include ‘extorting a security guard to look the other way,’ RIMS Canada speaker warns

September 25, 2017 Greg Meckbach, Associate Editor

Cyber extortion can take several different forms, including attempts to blackmail employees into giving away sensitive information, and different insurers have different cyber policy wordings to deal with extortion, RIMS Canada Conference speakers suggested Monday. In addition to “plain Jane