Canadian Underwriter

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Risk Management


News BrokersRisk

What risk managers want from their brokers

September 26, 2019 by Adam Malik

As the market transforms, risk managers are looking for their brokers to keep them up to speed on market dynamics and why they are happening, a panel discussion said. Times are more challenging for everyone in the insurance industry, which

News InsuranceRisk

Why now is the time to shine for risk managers

September 24, 2019 by Adam Malik

Facing increasingly difficult market conditions means now’s the time risk managers can prove their true worth, one expert told a recent panel. Steve Pottle, director of risk management at Thompson Rivers University in Kamloops, B.C., said that as renewal costs

News Risk

How Hong Kong protests are changing Canadian corporate risk management

September 23, 2019 Ross Marowits - THE CANADIAN PRESS

TORONTO – Violent unrest in Hong Kong is the latest geopolitical threat prompting Canadian companies to review their safety measures for overseas employees, security experts say. “It’s forced companies to kind of look at their policies and procedures around travelling

News Risk

Mixed views on whether these professionals feel prepared for the future

September 23, 2019 by Jason Contant

Will future risk management professionals be prepared to meet challenges of the business by 2025? It depends widely on who you ask in the field. A RIMS poll of 1,170 people, including 845 risk management professionals, found that for risk

News InsuranceRisk

What risks are most worrying?

September 23, 2019 by Adam Malik

While it feels like cyber threats have been around for some time, they’re still at the top of the list of emerging and ongoing risks for some industry professionals. But there are others that are grabbing the attention of insurance

News Insurance

Payouts from insurance policies may fuel ransomware attacks

September 20, 2019 Kathleen Foody - THE ASSOCIATED PRESS

CHICAGO – The call came on a Saturday in July delivering grim news: Many of the computer systems serving the government of LaPorte County, Indiana, had been taken hostage with ransomware. The hackers demanded $250,000. No way, thought County Commission

News Insurance

This is what’s putting the industry ‘at a tipping point’

September 20, 2019 by Adam Malik

Technology has been great for the insurance industry. But it’s also been creating problems, specifically creating a difficult market cycle. And it’s not the only reason why one panellist at the recent RIMS Canada Conference said the industry is “at

News BrokersInsuranceProfessional DevelopmentRisk

How should you approach risky projects?

September 19, 2019 by Adam Malik

Debating on taking that risky project others seem to be shying away from? One insurance leader believes you should jump all over it. There was a point in her career when people told Christine Lithgow to not take on a

News BrokersClaimsInsuranceRisk

Three things young insurance pros want from their bosses

September 18, 2019 by Adam Malik

Young insurance professionals want their older managers to wrap their heads around a few concepts when it comes to working with young people: flexible work environments, mentoring and being open-minded. Those were the suggestions from the “Four Under Forty” panel

News InsuranceTechnology

Focus on these three areas when developing AI best practices

September 17, 2019 by Jason Contant

Financial institutions looking to adopt and develop best practices on the responsible use of artificial intelligence (AI) should focus on three areas: explainability, bias and diversity, experts say. A new TD Bank Group survey of 1,200 Canadians found that a

News InsuranceProfessional Development

She captured women’s feelings in the workplace with this response

September 16, 2019 by Adam Malik

Christine Lithgow had one simple response to her employer when they offered her a position that was junior in comparison to the one she left six years prior after the birth of her first child. “I had to remind them:

News Insurance

The state of insurers’ risk appetite one year after pot legalization

September 12, 2019 by Greg Meckbach

Business clients in the cannabis industry are having a hard time finding some insurance coverages, A.M. Best Company Inc. warned in a report released Thursday. “Coverage available to canna-business owners remains in short supply,” A.M. Best said in its annual