Some Canadian property and casualty insurers may not consider that Solvency II has any bearing on operations here at home. But as key global players, Canadian p&c insurers would be well-advised to take a look at the global picture and become more acquainted with regulatory practices elsewhere.
Adjusters Adapt to a Changing Claims Environment
Easy is not always better when it comes to data collection. Effective data management is critically important to avoid having valuable information become a needle hidden in a very big haystack.
The first 24 hours following a data or information breach are the most critical, demanding immediate action to help avert hefty costs, as well as to mitigate damage to company reputation and consumer trust.
Directors and officers are becoming more exposed to liabilities involving private pension plans. And depending on the risk and circumstances, they may – or may not – be covered by insurance.
As the difficult economic conditions over the past few years have continued to expose weaknesses in many international financial institutions, it is clear that a co-ordinated international approach to regulation has never been more important.
CANADIAN MARKET Improved results for Canadian p&c insurers Federally regulated property and casualty insurers in Canada reported improved financial results for the first half of 2012, posting a collective quarterly profit of $1.52 billion as opposed to $1.09 billion for the…
Survey results show a gap between what companies’ chief executives want from their risk managers – more involvement in business strategy planning – and what risk managers believe is expected of them.
RIMS Canada Conference co-chairs Doug Brown and Lisa Brost are organizing the 2012 RIMS Canada Conference, dubbed ‘Horizons.’
This is the first part of a two-part series chronicling Vanessa Mariga’s week-long trip to the Canadian North to trace the connections between climate change, ice thaws, polar bears and insurance. Part 2 will appear in January 2012
Aon and The Wharton School of the University of Pennsylvania have developed the Aon Risk Maturity Index, a type of ‘GPS’ indicating a direction your risk management program might take.
Privacy breaches, the extension of the U.S. regulator’s reach into Canada and expansion of the municipalities’ responsibility to pay for the mistakes of “ordinary drivers” made headlines at RIMS.