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Risk Management


News Employment

Want a flexible workplace? Throw out the policy guide

January 28, 2019 by Jason Contant

Looking to create a flexible workplace culture? Toss out the rule book and don’t formalize the process, recommends PwC. “A policy guide or a formal program can work against you,” wrote Anne Donovan, the U.S. people experience leader at PwC,

News ClaimsClimate ChangeInsurance

Flood risk guidance for commercial brokers coming soon

January 25, 2019 by Greg Meckbach

A standard on flood resiliency for commercial real estate could be coming out this year. The Intact Centre for Climate Adaptation is working on a document intended to help commercial insurance brokers and real estate companies reduce flood risk for

News Climate ChangeConstructionInsurance

Insurer involvement urged in the building code process

January 24, 2019 by Jason Contant

The Institute for Catastrophic Loss Reduction (ICLR) and Insurance Bureau of Canada (IBC) want to restore direct insurance industry involvement in the building code process. “At some point in the distant past, perhaps four decades ago or more, the Canadian

News InsuranceMarkets / Coverages

Quebec’s cannabis agency cuts back expansion plans amid shortages

January 24, 2019 Julien Arsenault - THE CANADIAN PRESS

MONTREAL – Quebec’s cannabis agency generated about $40 million of sales in its first three months of operation, but supply shortages are forcing the public retailer to reduce its expansion plans. The province expects to have 40 points of sale

News InsuranceLegislation / Regulation

Driverless cars are now allowed on Ontario roads

January 23, 2019 THE CANADIAN PRESS

Transportation Minister Jeff Yurek has announced that, as of Jan. 1, participants in Ontario’s automated vehicle pilot program can test driverless cars on public roadways, under strict conditions. The program’s nine participants – including BlackBerry’s QNX, Magna, Uber and the

News InsuranceMarkets / Coverages

Why the industry needs to focus on “accidental” disruptors

January 22, 2019 by Jason Contant

The insurance industry is used to looking for “intentional” disruptors, but it really needs to focus on “accidental” disruptors, says a P&C insurance consultant. “We all can see the real disruptors out there, the ones that are finding the ways

News CatastrophesInsurance

What will insurance look like in 30 years?

January 21, 2019 by Jason Contant

Insurance company survival and relevancy will be big issues for the industry in the coming decade, predicts a P&C industry consultant. “We are facing somewhat of a crisis in that our industry is only picking up 32% of catastrophic losses

News InsuranceTechnology

How weak insurance sector growth puts technology in the spotlight

January 17, 2019 by Jason Contant

Expected weak insurance sector growth in the near-term is fueling the need for efficiency gains through technology and innovation, Ernst & Young Canada said recently. The EY Insurance Outlook 2019 reveals that insurance sector growth is expected to remain weak

News InsuranceRisk

Why CBI insurance is on the rise in Canada

January 16, 2019 by Jason Contant

Contingent business interruption (CBI) insurance is on the rise in Canada, with an increase in both demand and higher limits, says the CEO and chief agent for Allianz Global Corporate & Specialty (AGCS) Canada. “This is one of the most

News Legislation / RegulationRiskTechnology

This province lacks ‘reasonable’ cyber security: privacy commissioner

January 15, 2019 Keith Doucette - THE CANADIAN PRESS

HALIFAX – A pair of reports slam the Nova Scotia government for failing to protect personal information, saying the risk management around its freedom-of-information website was inadequate and a privacy breach last year was preventable. In his report released Tuesday

News InsuranceTechnology

Why future AI will involve less data

January 14, 2019 by Jason Contant

Machines and applications with artificial intelligence (AI) capabilities will soon rely less on bottom-up big data and more on top-down reasoning that more closely resembles the way humans approach problems and tasks, Accenture said Monday. “We will have top-down systems

News AdjustersClaimsInsuranceRisk

An adjuster’s take on the hazards of cannabis edibles

January 14, 2019 by Jason Contant

Edibles containing cannabis are expected to become legal in Canada later this year, so insurance professionals are encouraging social hosts and commercial establishments to ensure their guests are consuming these products responsibly. With the legalization of recreational marijuana in Canada