Canadian Underwriter


News Climate ChangeInsuranceMarkets / CoveragesProfessional Development

Task Force on Climate-related Financial Disclosures recommends organizations provide such disclosures in public annual filings

July 4, 2017 by Canadian Underwriter

The Task Force on Climate-related Financial Disclosures (TFCD) has recommended that organizations provide such disclosures in their mainstream (public) annual financial filings, among other recommendations. TFCD released on June 29 its final report, saying that the task force “believes climate-related

News InsuranceMarkets / Coverages

Federal bill aiming to ‘promote greater shareholder democracy’ tabled in Senate

June 23, 2017 by Canadian Underwriter

A bill proposing to give shareholders the option, under the Canada Business Corporations Act, to vote against corporate directors rather than merely withholding votes – and to abolish bearer shares – was tabled Wednesday in the Senate. Bill C-25 “makes

News CatastrophesConstructionInsuranceLegislation / RegulationMarkets / Coverages

Auditor calls for better pipeline regulations, monitoring in Saskatchewan

June 7, 2017 Jennifer Graham - THE CANADIAN PRESS

REGINA – Saskatchewan’s provincial auditor says the government isn’t doing enough to effectively regulate oil and gas pipelines. Judy Ferguson says in her annual report that as of the end of March, the Ministry of the Economy did not have

News InsuranceTechnology

Master data management necessary to help make sense of big data: Novarica

June 7, 2017 by Canadian Underwriter

Key to supporting best practices in master data management (MDM) is to develop a single view of MDM that can be referenced by all systems, reporting and business processes, suggests a new brief from research and advisory firm Novarica. Issued

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentReinsuranceTechnology

Technological change and cyber risk overtake regulation as top risks for global insurers: study

May 31, 2017 by Canadian Underwriter

The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector, released on Tuesday. The Centre for the Study of

News CatastrophesInsuranceTechnology

Lack of oversight regarding security of third-party IoT implementation: survey

May 31, 2017 by Canadian Underwriter

A gap in understanding how best to mitigate and communicate risks around the Internet of Things (IoT) persists despite organizations reporting high concern about related security, notes a new report from Ponemon Institute and Shared Assessments Program. Released Wednesday, The

News InsuranceMarkets / Coverages

Nuclear energy producers, alcohol manufacturers excluded from new AIG mutual fund

May 19, 2017 by Canadian Underwriter

Investors wanting to keep their money out of nuclear energy, the arms industry or alcohol manufacturers are being targetted by American International Group Inc., which announced Thursday it is marketing a new dividend mutual fund. New York City-based AIG announced

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Many global Internet users unprepared for dealing with ransomware attack, study finds

May 17, 2017 by Canadian Underwriter

As institutions around the world continue to assess the full impact of the recent Wannacry ransomware attack, recent research from Ipsos and the Centre for International Governance Innovation (CIGI) suggests that many global Internet users are “distinctly unprepared” for how

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Global uptick in CEOs forced out of office for ethical lapses, Canada among lowest incidence of dismissals: Strategy&

May 17, 2017 by Canadian Underwriter

An analysis of CEO successions at the world’s largest 2,500 public companies over the past 10 years shows a marked increase in forced turnovers for ethical lapses, although Canada is among the countries with the lowest incidence of such dismissals.

News AppointmentsInsuranceMergers and AqcuisitionsProfessional DevelopmentReinsurance

Former RSA Canada exec appointed CEO Canada, Swiss Re Corporate Solutions

April 27, 2017 by Canadian Underwriter

Adrian Hall, former chief customer officer for RSA Insurance in Canada, takes the helm of Swiss Re Corporate Solutions in Canada May 1. He will be “responsible for managing the company’s strategy, development and performance,” Swiss Re Corporate Solutions said

News InsuranceMarkets / CoveragesTechnology

Risk professionals should move to fill the understanding gap around disruptive technologies

April 24, 2017 Angela Stelmakowich

PHILADELPHIA – Risk managers will need to take the lead in organizational efforts to address complex challenges and opportunities in an environment that increasingly features rapidly advancing disruptive technology risks, suggests a joint report from broker and risk advisor Marsh

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Water level detectors in all below-waterline compartments should be mandatory for large fishing vessels: TSB

April 21, 2017 by Canadian Underwriter

More than 26 years after the fatal sinking of a leaking fishing vessel north of Nova Scotia, the federal government has still not mandated water level detectors on all large fishing vessels, the Transportation Safety Board of Canada warned this