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Understanding reservation of rights letters integral to risk professionals’ ability to protect firms, realize full value of insurance policies: RIMS

February 9, 2017 by Canadian Underwriter

Understanding, anticipating and properly responding to reservation of rights letters is integral to risk professionals’ ability to protect their organizations and realize the full value of insurance policies, according to a new report from RIMS. Released on Thursday, the RIMS

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RIMS names Canadian risk manager Nowell R. Seaman as 2017 president

January 3, 2017 by Canadian Underwriter

RIMS, the risk management society, announced on Tuesday that Nowell R. Seaman will lead the society as its 63rd president for the 2017 term, which became effective Jan. 1. Seaman, RIMS-CRMP, FCIP, CRM, has been a member of RIMS for

News InsuranceMergers and AqcuisitionsProfessional Development

Insurer profitability, broker expertise key drivers of customer satisfaction in large commercial insurers in Canada and U.S.: J.D. Power study

December 5, 2016 by Canadian Underwriter

The key variables driving overall commercial insurance customer satisfaction in Canada and the United States are insurer profitability and broker expertise, according to the J.D. Power 2016 Large Commercial Insurance Study. The survey, which provides an “independent and objective” measure

Mark Day
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In Good Company

December 1, 2016 Angela Stelmakowich, Editor

Mark Day, recipient of the Donald M. Stuart Award, sees risk professionals increasingly becoming part of conversations early on.

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One in five risk managers surveyed not sure whether their cyber insurance policy covers data in cloud servers: RIMS

October 11, 2016 by Canadian Underwriter

Four in five risk managers surveyed said their company has a stand-alone cyber insurance policy, though only three in four reported their policy covers network/business interruption, Risk and Insurance Management Society Inc. said in the 2016 RIMS Cyber Survey, released

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ORIMS honours Mark Day with the 2016 Donald M. Stuart Award at RIMS Canada Conference

September 13, 2016 by Angela Stelmakowich

CALGARY — Mark Day, executive director of risk management and insurance for the Government of Alberta’s Treasury Board and Finance, has had his many years of service and dedication recognized, becoming the latest recipient of the Donald M. Stuart Award.

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Resilience should be a goal of all organizations

September 12, 2016 by Angela Stelmakowich

CALGARY — Darius Delon, chair of the RIMS Canada Council, had a very simple message for those attending the annual conference in Calgary Monday: every organization can be hit by disaster, so every organization needs to be resilient. Scenario brainstorming,

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RIMS CRMP exam now available online

September 9, 2016 by Canadian Underwriter

Risk and Insurance Management Society (RIMS) Inc. announced Friday that members interested in attaining the Certified Risk Management Professional (RIMS-CRMP) designation will soon be able to take the exam online. “Eligible practitioners will be able to take the online exam

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Confiscation, expropriation and nationalization “still core” to political risk coverage: RIMS report

August 4, 2016 by Canadian Underwriter

An organization’s exposure to political risk depends on the independence of the judiciary in the countries in which it operates, and risk managers should not assume that only emerging markets have political risk, Risk and Insurance Management Society (RIMS) Inc.

Feature AssociationsMergers and AqcuisitionsProfessional Development

Strategic Thinking

August 1, 2016 Greg Meckbach, Associate Editor

Risk management is becoming more about strategy and less about buying insurance and managing hazard risk, Julie Pemberton, RIMS president for 2016, says.

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Most companies unprepared for emergence of autonomous vehicles: Munich Re survey

July 19, 2016 by Canadian Underwriter

Most companies are unprepared for the emergence of autonomous vehicles (AVs), with 64% of polled risk managers saying that their companies have done nothing to prepare for the emergence of these vehicles in the auto market, according to a Munich

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Risk managers sometimes overlook ‘positive side of risk:’ RIMS report

June 7, 2016 by Canadian Underwriter

Organizations need to take some risks,  and risk managers need to understand the value of taking such risks, Risk and Insurance Management Society Inc. (RIMS) said in a report announced Tuesday. “Usually risk is defined as the possibility of loss