Risk
Canada's intellectual property-rich business landscape is creating opportunity for niche coverage. Once sought mostly by companies in high-tech sectors, there is growing awareness of the value of IP to business, including among companies with lower-risk profiles.
February 28, 2013
6 min read
Canada is one of the few developed countries exposed to many different severe natural hazard risks, ranging from avalanche to freeze, drought, flood, tornado, wildfire and earthquake. The country has been relatively quiet over the last decade, but does that mean Canada has simply been lucky?
The Ontario government has proposed changing provincial building and fire codes to mandate the installation of fire suppression sprinklers in retirement homes and other institutions housing vulnerable individuals. At least one insurer has voiced its strong support of the draft changes.
5 min read
High-publicity concussion lawsuits in professional leagues such as the National Football League (NFL) are shining a spotlight on liability and injury prevention practices. In Canada, the focus for many sports organizations has sharpened on risk management.
8 min read
A model may be a standard or example for imitation or comparison – although when it comes to preparing for natural catastrophes, it sometimes feels more akin to a hope and a prayer. But even hopes and prayers can be based on solid information that provides the best chance of weathering whatever storm happens along. […]
3 min read
Dan Heaman and Steve Matterson, co-chairs of the Risk and Insurance Management Society (RIMS) Canada conference in 2013, plan to incorporate a nautical theme and welcome everyone to join the discovery.
It is a brave new world and, as such, now time to start using analytics to make sense of telematics. By weeding out unimportant variables to identify important relationships, analytics can assist companies to quickly develop, test and use the best modelling techniques to create new auto insurance pricing models.
REGULATION NDP presses Ontario to lower auto rates The Ontario New Democrats continue to press the ruling Liberals to commit to cutting auto insurance premiums. In December, NDP leader Andrea Horwath said in the provincial legislature that she wants the Liberal budget for 2013-2014 to include measures to reduce premiums. In February, Horwath proposed that […]
4 min read
1 Marsh is creating a single global risk management (RM) practice group by bringing together G5, the company’s largest account platform, its multinational practice and its existing RM operations. The move is meant to enhance focus on meeting the evolving needs of the company’s largest clients worldwide. Tim Gardner [1], previously global sales leader for […]
Amidst all the hype around "big data," insurers and brokers are discovering tangible applications for unstructured information in areas like marketing, risk assessment, underwriting, loss mitigation and claims management. As data creation becomes faster, wider and more voluminous in the digital age, some industry pioneers are experimenting with ways to glean insight and translate that into real-life business strategies.
January 31, 2013
11 min read
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