Canadian Underwriter

Keyword
risk mitigation

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Augmented and virtual reality poised to impact insurance industry: Novarica

August 29, 2017 by Canadian Underwriter

Augmented and virtual reality each boast considerable potential for impact within the insurance industry, with implications spanning risk mitigation, improved efficiency and loss ratios and enhanced customer service, Novarica said in a new executive brief. While their effect will be

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Changing climate patterns, nat cats affecting electrical grid, Swiss Re and Johns Hopkins study finds

July 25, 2017 by Canadian Underwriter

Changing climate patterns are putting additional strain on both power generation and transmission, and presenting another risk factor for natural disaster mitigation and recovery in North America’s Pacific Northwest region, suggests a new study from Swiss Re and the Johns

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Proposed new pilot rest regulations published for public comment until Sept. 29

July 12, 2017 by Canadian Underwriter

Canada’s aviation regulator is proposing new regulations that would reduce the maximum number of hours that pilots would be allowed to be on flight duty and mandate a “holistic risk management approach” in some cases, to addressing the problem of

News InsuranceLegalLegislation / RegulationMarkets / Coverages

Ontario courts will ‘provide some meaning’ to probationary terms in employment contracts but minimum notice standards still apply

July 6, 2017 by Canadian Underwriter

Employers should “reconsider” starting workers on probation if those probationary periods are being used “legal risk mitigation” strategies, a Toronto lawyer suggested Tuesday in a blog post. In Ontario, when a probationary period is for longer than three months, employer

News CatastrophesConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Insured losses from Tropical Cyclone Debbie reach nearly AU$1 billion: Insurance Council of Australia

June 30, 2017 by Canadian Underwriter

Insured losses from Tropical Cyclone Debbie have reached nearly AU$1 billion as of June 28, the Insurance Council of Australia (ICA) said on Thursday. As of June 28, insurers had received more than 58,000 claims stretching from North Queensland to

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Federal rail safety bill would set ‘strict criteria’ on how locomotive voice and video recorder data could be used: Garneau

June 21, 2017 by Canadian Underwriter

Canada’s transport minister says federal legislation mandating locomotive voice and video recorders would, if passed into law, give the rail industry “opportunities to mitigate risks” but an opposition MP recently warned such a law could violate employees right to privacy.

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Gore Mutual launches cyber and data breach product for Canadian small businesses

June 9, 2017 by Canadian Underwriter

Gore Mutual Insurance Company has announced a cyber and data response product for Canadian small businesses as well as a partnership with a global home automation company to provide flood sensors to select commercial and personal customers. Gore Mutual announced

News InsuranceMarkets / CoveragesProfessional Development

Canadian Reports and US-Reports merge to create risk solutions company Afirm

February 22, 2017 by Canadian Underwriter

H.W. Kaufman Financial Group announced on Wednesday that it has “strategically” combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm. The merger will continue their global presence and allow a single source for loss control inspection, premium

News InsuranceMergers and AqcuisitionsTechnology

Zurich North America, Deloitte collaborating on cyber protection

February 14, 2017 by Canadian Underwriter

Zurich North America and Deloitte reported on Tuesday that they are working together to provide services for customers to help them better understand and protect themselves from cyber related risks. Initial offerings include risk transfer options provided by Zurich and

News InsuranceLegalMergers and AqcuisitionsTechnology

FM Global creates dedicated cyber risk engineering, underwriting units

September 26, 2016 by Canadian Underwriter

FM Global is looking to bolster its expertise in first-party cyber solutions for the benefit of its mutual policyholders with its move to form integrated engineering and underwriting units dedicated to doing just that. The move seeks to address the

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentTechnology

TSB calls for implementation of voice and video recorders on locomotives in Canada

September 20, 2016 by Canadian Underwriter

The Transportation Safety Board of Canada (TSB) is calling for the implementation of voice and video recorders on locomotives in Canada. The call follows the release of the TSB’s report on its safety study, Expanding the use of locomotive voice

News CatastrophesClimate ChangeInsuranceProfessional DevelopmentReinsurance

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,