Keyword
risk management
Insurance industry needs to catch up, huge advantage for first-movers in sharing economy: Nelis
June 6, 2016 by Angela StelmakowichThe sharing economy is not a new concept, but because it moves so quickly today, the insurance industry must innovate to catch up and reap the benefits, David Nelis, national CoE leader – casualty for Aon Risk Services, suggested last…
Automated vehicle technology likely to eventually be mandatory: seminar speaker
June 3, 2016 by Angela StelmakowichLife-saving automated vehicle technology – some of which is now available and will certainly be part of semi-autonomous and autonomous vehicles – will likely become required in the future, Kate Browne, senior vice president and claims counsel for Swiss Re,…
Human error seen as leading cause of information security breaches for small businesses: Canadian survey
May 31, 2016 by Canadian UnderwriterNot enough small businesses in Canada are implementing training programs and establishing protocols to help employees recognize risks to information security despite staff awareness and errors being among the biggest threats, suggest results of Shred-it’s 2016 Security Tracker Survey. Canadian…
Cyber security awareness training critical for businesses, data breaches changing online behaviours
May 27, 2016 by Canadian UnderwriterEmployees need to become advocates of cyber security to reduce associated risks and help better protect the businesses for which they work, suggests Joe Ferrara, president and CEO of Pittsburgh-based Wombat Security Technologies. “Security awareness training has become a business-critical…
UN, World Bank Group and insurance industry join forces for formation of Insurance Development Forum
April 18, 2016 by Canadian UnderwriterLeaders of the United Nations, the World Bank Group and the global insurance industry on Monday announced the formation of the Insurance Development Forum (IDF), which occurred at a high level meeting in Washington, DC, last week. The IDF has…
2015 the most lethal year for terrorism in Europe in nearly a decade: Aon Risk Solutions
April 12, 2016 by Canadian Underwriter2015 was the most lethal year for terrorist violence in Europe in nearly a decade and the first net increase in global terrorism risk ratings since 2013, according to Aon Risk Solutions. On Tuesday, Aon Risk Solutions – the global…
Risk professionals must look forward to what can be done with 3D printing to get fix on related risks, RIMS attendees hear
April 11, 2016 Angela Stelmakowich, EditorSAN DIEGO – Those in insurance and risk management will need to readjust thinking from what has gone before to what could happen in future to get a firm grasp on the potential risk picture for 3D printing moving forward,…
New mobile app from Zurich released at 2016 RIMS to help companies assess, manage risk
April 11, 2016 Angela Stelmakowich, EditorSAN DIEGO – Zurich Insurance Group is unveiling a new mobile app this week at the 2016 RIMS Conference and Exhibition which the company reports will enable customers to perform their own on-site risk assessments and use those results to…
Allied World launches product recall insurance products in North America
April 7, 2016 by Canadian UnderwriterAllied World Assurance Company Holdings, AG announced Thursday that the company’s product recall insurance products will be available in Canada and the United States as part of its Global Crisis Management Division. The product recall insurance offers both first-party and…
Aon to launch new global reinsurer trading platform
April 5, 2016 by Canadian UnderwriterAon Benfield will launch its new global reinsurer trading platform Apr. 11, a move meant to enhance placements with real-time data when ABConnect Placements goes live for July 1 treaty placements, the global reinsurance intermediary and capital advisor of Aon…
Sharing economy an opportunity for insurers, government should focus on objectives: OMIA speaker
April 1, 2016 by Angela StelmakowichRegulators would do well to resist taking a “whack-a-mole” approach to the sharing economy – something that could result in a $20 billion market in Canada within the next decade – and, instead, consider their ultimate objectives, Sunil Johal, policy…
North American businesses paid 2% less in 2015 than 2014 to cover total cost of risk: 2016 RIMS Benchmark Survey
April 1, 2016 by Canadian UnderwriterDue to declines in property and liability costs and overall risk management costs, North American businesses paid 2% less in 2015 than they did in 2014 to cover the total cost of risk (TCOR), according to the 2016 RIMS Benchmark…