Making ORSA work
September 1, 2015 Elaine Hultzer, Partner; and Sati MacLean, Senior Property and Casualty Actuarial Manager, Assurance & Advisory Practice, DeloitteAn objective review offers critical value to an organization’s own risk self-assessment process. Not only does an objective review help ensure all necessary considerations are being taken into account, it assesses if the selected ORSA approach accurately reflects the size, complexity and strategy of the organization.
Pinnacle Position
May 31, 2015 Craig Harris, Freelance Writer|Craig Harris, Freelance WriterRay Proctor says that Toronto-based Pinnacle Adjusters Group’s business model stems from a simple promise – “exceptional adjusting at a reasonable rate.”
D&O on Alert
May 1, 2015 Cameron Rose, Senior Vice President, Chubb Specialty InsuranceDirectors and officers at Canada’s publicly listed companies face personal liability as a result of unfolding trends related to securities, environmental and cyber issues. But a well-conceived mix of risk management processes and risk transfer tools can help protect both companies and their directors and officers.
Gift of Giving
March 1, 2015 The CIP Society and the Insurance Institute of CanadaBusiness gifts. Are they always sincere and simple demonstrations of appreciation? Or do these gifts sometimes come with strings attached? How can rules-based, people-based and situation-based guidance help insurance professionals determine an ethical course of action?
Taking Care
March 1, 2015 Polly Stevens, Vice President, Healthcare Risk Management; and Lois Hales, Senior Healthcare Risk Management Specialist, Healthcare Insurance Reciprocal of CanadaWhat sort of approach will allow health care organizations to manage organizational risk? A newly developed model seeks to accomplish that objective through the adoption of a standardized, efficient and effective approach to integrated risk management.
Spice of Life
February 1, 2015 Angela Stelmakowich, EditorLynn Oldfield, honoured with The CIP Society’s Established Leader Award, is well-aware of how important education and engagement are to playing in the constantly evolving p&c insurance space.
Remnants of Change
November 1, 2014 by Canadian UnderwriterThe catastrophe splash of 2013 has given way to a decidedly more muted experience in 2014. For the reinsurance market, what are the remnants of change? Can the existing pieces be patched together to construct even greater strength or do emerging pressures threaten to produce threadbare cover?
Virtual Coin
November 1, 2014 Greg Meckbach, Associate EditorBitcoin is not a recognized currency and is not backed by any principal authority. Still, thousands of firms use the payment system launched in 2009, opening the door to discussions about how clients using bitcoin should best provide security for the storage and transfer of funds.
Risk Data to Risk Intelligence
October 1, 2014 Sean Van Zyl, Freelance WriterThe challenge of enterprise risk management programs for many organizations has always been how to quantify “value” and effectively harness data across the enterprise. Risk management consultants believe there is now a solution in emerging data mining and analytic modelling technology that effectively turns “data” into true risk intelligence.
Under Attack
October 1, 2014 Terri Mason, Head of Professional Indemnity, Allianz Global Corporate & Specialty CanadaEnabled by the rapid increase of worldwide digital integration, cyber crime is growing quickly and costing the global economy billions of dollars. The current situation necessitates that efforts to combat cyber crime must include incorporating post-attack and risk transfer strategies.
Opportunity for Fraud
July 1, 2014 Cherrine Chow, Associate; and George Avraam, Partner; Baker & McKenzie LLPAddressing employee fraud is like navigating a legal minefield. Although the motivation for employee fraud, theft and dishonesty is much the same as it has always been, the medium through which these acts are committed is drastically different today, with technology affording greater opportunity for perpetrators.
Cyber 2.0
June 1, 2014 Craig Harris, Freelance writerCyber insurance coverage is entering the next phase in its evolution from optional add-on product to increasingly important component of a thorough risk management program. As high-profile data security breaches grab top headlines, more organizations are having the “cyber talk” with their brokers and insurance partners. The pace of product adoption, however, is slow grind rather than big bang.