Risk
The CIP Society Ethics Series: Brokers with excellent track records may be tempted to branch out into other areas of business, raising a duty to tell the clients when they are travelling in unfamiliar territory.
July 1, 2012
6 min read
Replacing a legacy system is fraught with peril, but insurers would be wise to slay the beast, since doing nothing might amount to a career-killing move.
June 1, 2012
5 min read
In the P&C insurance industry, true success in technology is achieved only when industry stakeholders are all rowing in sync - and in the same direction.
To prevent business leakage from the broker channel to direct writers, brokers should embrace technology and push for advanced consumer metrics to help keep tomorrow's customers within the broker channel.
There is a surge of interest in cyber insurance coverage. Media reports of data breaches and evolving privacy regulations have spurred senior management and risk managers to recognize information security as a strategic business issue. Cyber insurance may be following a similar trajectory to D&O liability protection, which is now widely perceived as a vital part of an organization's insurance platform.
13 min read
1Susan McGrath [1] is the newest chair of the board of directors for LawPRO, the professional indemnity company for Ontario’s lawyers. As a sole practitioner in Iroquois Falls, McGrath has served as president of the Cochrane Law Association, the Ontario Bar Association for 1999-2000 and the Canadian Bar Association for 2004-2005. She succeeds Ian Croft, […]
Marilyn McLaren, president and CEO of Manitoba Public Insurance, says people need to stretch themselves because that is when accelerated growth happens.
April 30, 2012
Once a science fiction fantasy of decades gone by, fully autonomous, driverless cars are emerging as a distinct possibility sometime over the next 10 to 20 years. How will this influence insurance claims and underwriting trends? And how will insurers work with collision repairers to fix these new, futuristic vehicles when they break down?
16 min read
Sound business decisions may not always bode well for client relations, and when they don't, is the broker duty-bound to tell the client?
An Ontario court considers if an insurer has a duty to a third party to finish an environmental clean-up despite the fact that policy limits have been exhausted.
9 min read
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