Why businesses shouldn’t take an adversarial stance towards their claimants
May 8, 2021 by Adam MalikBusinesses risk damaging their brand’s reputation if they take a confrontational approach to claimants, risk experts warned during a recent virtual conference. In addition to paying out more for the claim, a company playing hardball may also wind up losing…
‘Pandamennial’ careers take a nosedive: Why the industry should help
May 5, 2021 by Adam MalikGlobal events have delayed the career development of young insurance professionals and the P&C industry needs to figure out how to help, risk manager execs said during the recent RIMS Live 2021 virtual conference. Colleen Zitt, chief risk officer at…
Risk managers’ takeaway from COVID-19: Yes, it can happen to us
April 23, 2021 by Adam MalikThe global COVID-19 pandemic has taught risk managers to be prepared for any threats, no matter how unlikely or far-fetched they may seem, industry experts said at a RIMS conference webinar panel. The risk of a pandemic has been on…
Pandemic distraction: Is Canada ready for the next big disaster?
March 30, 2021 by David GambrillFocused narrowly on responding to the COVID-19 global pandemic — and preparing for the next one — Canada may be losing sight of preparing for other, potentially more likely disaster scenarios, P&C insurance industry executives commented at the Swiss Re…
What’s lurking behind all of the financial and pandemic risks…
February 1, 2021 by David GambrillRisk managers globally are scrambling to respond to a number of financial risks related to the pandemic and the related economic meltdown, making credit risk one of their chief concerns for 2021, as reported in a new study by Deloitte. But…
Why Canada is the model for global risk management
January 8, 2020 by Adam MalikRIMS Canada got a pat on the back recently, as the Risk and Insurance Management Society (RIMS) looks to fortify its ranks around the world, according to the group’s 2020 president. Laura Langone spoke with Canadian Underwriter in her first…
How speed has changed the game for risk managers
November 22, 2019 by Adam MalikIt doesn’t take long for comments that would be negatively received by the populace to go viral and that’s one of the newest challenges for risk managers and business leaders. Andrew Bent works in Washington, D.C., but it only took…
The moral of the Don Cherry story for risk managers
November 16, 2019 by Adam MalikDon Cherry crossed a line, and it should have been no surprise to his employer’s risk managers that he made offending comments, says one risk management analyst. It all points to the need for employers to keep tabs on controversial…
What risk managers want from their brokers
September 26, 2019 by Adam MalikAs the market transforms, risk managers are looking for their brokers to keep them up to speed on market dynamics and why they are happening, a panel discussion said. Times are more challenging for everyone in the insurance industry, which…
Why now is the time to shine for risk managers
September 24, 2019 by Adam MalikFacing increasingly difficult market conditions means now’s the time risk managers can prove their true worth, one expert told a recent panel. Steve Pottle, director of risk management at Thompson Rivers University in Kamloops, B.C., said that as renewal costs…
The key role of risk managers during climate change
June 20, 2019 by Adam MalikFinancial companies, including insurers, are moving positively towards dealing with climate change but more needs to be done – and it will need to be risk managers at the forefront to prepare their companies, according to a new study. The…
Aon appoints president of commercial risk and health solutions in Canada
June 4, 2019 by Jason ContantAon plc has appointed Stéphane Lespérance as president of commercial risk and health solutions in Canada. In his new role, Lespérance will be responsible for the day-to-day leadership of the commercial risk and health solution teams in Canada, Aon said…