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UN, World Bank Group and insurance industry join forces for formation of Insurance Development Forum

April 18, 2016 by Canadian Underwriter

Leaders 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

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Business interruption due to breach top cyber risk concern for captive insurers: Aon

April 11, 2016 by Canadian Underwriter

The costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to Aon Global Risk Consulting’s (AGRC) 2016 Captive Cyber Survey report, released on Monday. As Aon’s first cyber captive

News AssociationsInsurance

San Diego schools, students beneficiaries of 2016 RIMS Community Service Day

April 10, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Risk professionals from around the world rolled up their sleeves to use paintbrushes and other tools to provide schools in San Diego – host city of RIMS ’16: Go Beyond – with a facelift as part of

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Bleak outlook for energy insurers could lead to withdrawals from the market: Willis Towers Watson

April 5, 2016 by Canadian Underwriter

An oversupply of capital and falling demand from buyers, caused by cost-cutting in the wake of the oil price crash, is heaping pressure on insurers to the extent that they may eventually consider exiting the energy insurance market, or at

News InsuranceLegalMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

Cyber risk data ‘not all that robust,’ Willis Re speaker tells ICRMC

April 4, 2016 Greg Meckbach, Associate Editor

Cyber insurance has evolved considerably since 1999 but commercial insurers lack standardization in cyber policies and there is not a lot of data available for underwriters, a speaker suggested at a recent conference. For cyber risk, “the data is not

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Cyber insurance underwriters may want to consider less “absolute” questionnaires: ICRMC speaker

April 1, 2016 Jason Contant, Online Editor

Insurers who underwrite cyber insurance may want to consider less “absolute” questions during their coverage questionnaires, a speaker suggested on Thursday at the 2016 International Cyber Risk Management Conference (ICRMC), held in Toronto. “I was the one that completed the

News InsuranceLegalLegislation / RegulationTechnology

Beazley’s data breach response insurance product now available in Canada

April 1, 2016 by Canadian Underwriter

Beazley announced Thursday it has launched its flagship breach response product in Canada, which protects the personal data of as many as five million individuals per breach. “Canada’s Digital Privacy Act, passed in 2015, will soon impose additional obligations on

Canadian Underwriter March 2016 issue
insPRESS

The Digital Edition of Canadian Underwriter magazine’s March 2016 issue

March 30, 2016 by Canadian Underwriter

Digital Edition below ↓ Cover Story – ‘Aggregation Aggravation’  While risk managers for large manufacturers tend to be aware of the vulnerability of their supply chains to major incidents affecting business partners, the same cannot necessarily be said for risk professionals

News Professional DevelopmentTechnology

Uncertain times highlight need for change at the CFO, finance levels: Deloitte

March 29, 2016 by Canadian Underwriter

An increasingly uncertain business climate means finance departments have just four to five years to modernize if they are to meet the rising expectations of the organizations they serve, suggests a report issued Tuesday by Deloitte. Chief financial officers (CFOs)