Cracks in Cat Models
June 1, 2011 Karen Clark, president, CEO, Karen Clark & CompanyA catastrophe model may not be the best tool for all purposes, or for all users
Predictive Fraud Fighting
June 1, 2011 Wes Gill and James D. RuotoloIntegrating social network analysis tools and predictive analytics into a broader fraud framework is key to an organization’s ability to detect fraudulent claims.
Facing the Flood
May 31, 2011 Laura KupcisManitoba is currently bracing against the threat of flooding. That threat continues to be reduced in part due to flood prevention methods the province has established. The increase in water-related claims also brings the issue of overland flooding to the forefront.
Gender Neutral
April 1, 2011 Sally Gomery, Partner, Ogilvy Renault; Noleen John, Legal Consultant, Insurance Team, Norton Rose LLThe Court of Justice of the European Union has found gender-based pricing is inconsistent with the basic principles of EU law, and has ordered unisex insurance as of Dec. 12, 2012. The same discriminatory insurance practices may have a more tenuous hold in Canadian law as well.
Optional Paralysis
March 1, 2011 Daniel Strigberger, Miller ThomsonOntario’s auto insurance reforms may have inadvertently created a dilemma for insurers when it comes to the portability of optional benefits in priority of payment disputes.
Keeping the Wolves at Bay
December 1, 2010 by Canadian UnderwriterMany things are keeping primary insurance company senior executives awake at night, including the familiar wolves in the woods: water damage and the uncertain outcome of Ontario’s auto insurance reforms. Add to this the ongoing volatility of global markets — with suppressed interest rates hitting P&C insurers’ investment income — and even the specter of inflation related to economic recovery and you can see why insurers face many sleepless nights to come.
Mediating the Message
October 1, 2010 Shannon MajorConsumers are increasingly communicating using methods not used by brokers and insurance companies.
Logical Flow
September 30, 2010 Brian L. HoffmannBritish Columbia’s new Supreme Court Civil Rules
Adjusting Claims for Seniors
September 30, 2010 Jon BrewerRight now, the first wave of baby boomers are approaching their mid-sixties. It is estimated that roughly 20 per cent of Canada’s population will be over 65 by 2030. Seniors are more independent and active than ever before. They remain…
Raising the Bar
September 1, 2010 Robert McDowell & Koker ChristensenPart I of a two-part series; This is the first part of a two-part series summarizing recent regulatory developments relating to reinsurance. The first part, published below, analyzes a draft of Guideline B-3-Sound Reinsurance Practices and Procedures. The second part, to be published in October 2010, will look at Draft Guidance for Reinsurance Security Agreements, which establishes a new regime for obtaining a capital/asset credit in connection with unregistered reinsurance.
Sunny Days Ahead
September 1, 2010 Mary Lou O'ReillyInsurance Bureau of Canada (IBC) applauds the leadership of municipalities in adapting to climate change by taking steps to reduce water damage.
The Domino Effect
August 1, 2010 Vanessa MarigaEuropean regulators have proposed very stringent capital requirements for the European insurance market as part of Solvency II. Risk managers in both Europe and Canada are concerned these requirements might have a ‘domino effect’ on the Canadian market, featuring shrinking coverage availability, higher prices and, potentially, mergers and acquisitions.