North American organizations experiencing slow shift to public cloud: Softchoice study
May 20, 2016 by Canadian UnderwriterTransitioning to public cloud is a slow-moving process for most businesses, according to a new study by Softchoice, a North American IT solutions and managed services provider. Released on Tuesday, the study, titled The State of Cloud Readiness: Transformation and…
Canada must work to be better-prepared for natural disasters: IBC’s Forgeron
May 18, 2016 by Canadian UnderwriterCanada needs a “thoughtful, sustainable approach” to address losses associated with severe weather, including floods and fires that are expected to become a growing problem in future, Don Forgeron, president and CEO of Insurance Bureau of Canada (IBC), suggested in…
VIA Rail safety management system “not yet” fully integrated into corporate risk management system: Auditor General of Canada
May 3, 2016 by Canadian UnderwriterPassenger train operator VIA Rail Canada Inc. has not yet “fully integrated” its safety management system into its corporate risk management system, but the crown corporation has implemented mitigation measures for most of its risks, the Auditor General of Canada…
Only a quarter of respondents say their enterprises monitor business partners at least quarterly: anti-corruption research
April 28, 2016 by Canadian UnderwriterJust 27% of the 330 respondents taking part in a recent online survey monitor business partners at least quarterly or more often, note findings from the 2016 Anti-Corruption Survey Report, released this week. Findings in the report from Dow Jones…
Traditional reinsurance capital dropped 3.5% in 2015 from 2014: Willis Re
April 27, 2016 by Canadian Underwriter2015 saw a 3.5% reduction in traditional capital dedicated to reinsurance, down US$13 billion from US$370 billion at year-end 2014, according to the latest Reinsurance Market Report from Willis Re, the reinsurance business of global advisory, broking and solutions company…
OSFI staff ‘very actively engaged’ in international capital standard for insurers: Zelmer
April 20, 2016 Greg Meckbach, Associate EditorAn international capital standard for global systemically important insurers is “probably not going to have much of an impact on the Canadian p&c industry,” an official with the Office of the Superintendent of Financial Institutions suggested recently, but Canadian insurers…
OSFI working on new capital guideline for mortgage insurers, amendments to guidelines for corporate boards
April 18, 2016 Greg Meckbach, Associate EditorOfficials with Canada’s Office of the Superintendent of Financial Institutions are working on a “wide range of amendments” to its guidelines for corporate boards of directors, as well as a new capital guideline for private mortgage insurers, OSFI’s deputy superintendent…
Cloud technology challenging the notion of what a corporate network is: RIMS speaker
April 13, 2016 Angela Stelmakowich, EditorSAN DIEGO – Hacktivist-type attacks like those involving Sony Pictures Entertainment and Ashley Madison have gotten very personal and are coming at a time when cloud technology is transforming corporate networks, Brad Gow, senior vice president of Endurance Insurance, said…
Business interruption due to breach top cyber risk concern for captive insurers: Aon
April 11, 2016 by Canadian UnderwriterThe costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to Aon Global Risk Consulting’s (AGRC) 2016 Captive Cyber Survey report, released on Monday. As Aon’s first cyber captive…
Sharing economy an opportunity for insurers, government should focus on objectives: OMIA speaker
April 1, 2016 by Angela StelmakowichRegulators would do well to resist taking a “whack-a-mole” approach to the sharing economy – something that could result in a $20 billion market in Canada within the next decade – and, instead, consider their ultimate objectives, Sunil Johal, policy…
Future Thinkers
March 22, 2016 byAdjusters ready to take on new claims environment. Change, it seems, is the only constant.
Risk managers must address cyber security as an enterprise risk: FERMA
March 15, 2016 by Canadian UnderwriterBusinesses have difficulties with reaching a basic level of protection around cyber security, often as a result of a lack of risk insights and data driven risk mitigation and risk management must play a central role, the Federation of European…