RIMS seeks new audience for educational slate
October 1, 2001 by Canadian UnderwriterThe Risk and Insurance Management Society (RIMS) is taking its mandate to the masses, planning to broaden its reach beyond the risk management profession. In an interview at the Canadian Risk and Insurance Management Society (CRIMS) Conference in Ottawa recently,…
Coming Events (October 01, 2001)
October 1, 2001 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. North American Insurance Conference.…
Commercial Liability Lines: Bright Sunshiny Days?
September 1, 2001 Sean van Zyl, EditorWith the sharp rise in property related insurance losses, particularly on personal auto which by far accounts for the lion’s share of premiums in Canada, many insurers have shown renewed interest in commercial liability lines. Recent acquisitions have resulted in specialty operators with dominating interests in specific liability classes, while some of the major general underwriters have created dedicated liability risk departments with the intent of pursuing new business. But, while the commercial liability landscape may appear at this point to be more inviting than the “dog eat dog” competitive environment on the property side, some within the industry believe that the “tail” of liability coverages will eventually sweep back in the faces of Canadian insurers similar to the adverse developments underway in the U.S. market.
Coming Events (September 01, 2001)
September 1, 2001 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. CASIU/ACFE Claims Fraud Seminar.…
Aon expands captive presence through acquisition
August 7, 2001 by Canadian UnderwriterAon Corporation is expanding its captive and risk management business through the purchase of Sinser Holding AB, a subsidiary of Swedish-based Skandia Group. The capitve management and consulting business deals with more than 250 captives in 10 coutries, and includes…
Coming Events (August 01, 2001)
August 1, 2001 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Canadian Risk & Insurance…
Managing Global Risks: Running for Cover
August 1, 2001 Vikki SpencerAn earthquake in Peru. The fall of the argentinean economy. tropical storm allison strikes several american states. Political tensions flare in the middle east. for the average canadian, these events seem a world away, having little impact on day-to-day life. But, for the average canadian company, these events can have a profound effect on the bottom-line. With the growth of canadian exports and domestic companies stretching their wings to establish operations beyond the border, managing these new international risks is a minefield of potential losses. and, with insurance rates hardening on a global scale and few companies willing to offer bundled international coverage, today’s corporate risk managers could find themselves scrambling for cover.
RISK MANAGEMENT: Maximizing Risk Evaluation Process
August 1, 2001 Perry Brazeau, Senior Vice President of Fm Global, Canadian DiviRising insurance prices, increased global risk exposure, and emerging non-property risks. Today’s risk management profession is facing a new corporate landscape where greater emphasis is being placed on a holistic approach to risk evaluation and cost. Can risk managers benefit from the expertise and risk tools developed by insurers?
The Insurance Revolution
August 1, 2001 Sean van Zyl, EditorGlobal expansion and risk diversification with emphasis on managing capital will serve as the cornerstones of the next development phase of the insurance industry, speakers at the recently held International Insurance Society (IIA) 37th annual seminar predicted. The event, which took place in Vienna, Austria, drew 530 senior insurance management delegates representing 50 countries. A survey carried out by the IIA of the attendees confirmed the common message of the speakers – the global insurance marketplace is at the brink of a revolution.
System Breakdown: shortage of “e-covers”
August 1, 2001 George Cooke and Anne MacKenzie of Dominion of Canada General InOne of the biggest challenges insurers face is dealing with the non-tangible and borderless world of e-commerce. Reinsurers have already imposed strict cover limitations, and insurers are finding it extremely difficult to offer their customers effective risk solutions. However, if the industry plans on retaining its customer base and growing it as the business environment increasingly moves toward e-commerce, then cyber risk solutions will have to be found.
Claims Management: The Need for Data Integrity
August 1, 2001 Ed Doyle, Managing Director of Gallagher Bassett Canada Inc. andWith risk managers scrambling to find alternative risk financing, the importance of accurate claims data has come under the spotlight. In today’s hard market, risk managers are increasingly taking a closer look at their insurance costs and considering alternative risk transfer (ART) solutions. But, in order to make an accurate assessment, they need precise and timely claims data.
Taking New Risks
August 1, 2001 Vikki SpencerWith the increasing emphasis being placed on the risk management function within the corporate setting comes increased responsibility and the demand for additional knowledge about a variety of risks. And, with Canadian companies moving forward into the global economy, the onus on risk managers to provide expert advice on new risks and new risk transfer opportunities is growing. This year’s conference of the Canadian chapters of the Risk and Insurance Management Society (CRIMS) is a chance to move risk managers into the new millennium, say organizers Paul Gray and Karin Zabel.