Risk
European regulators have proposed very stringent capital requirements for the European insurance market as part of Solvency II. Risk managers in both Europe and Canada are concerned these requirements might have a 'domino effect' on the Canadian market, featuring shrinking coverage availability, higher prices and, potentially, mergers and acquisitions.
July 31, 2010
15 min read
The Institute for Catastrophic Loss Reduction (ICLR) has called for changes to the Ontario Building Code to help prevent water and wind damage.
5 min read
The interconnectedness of risk is making for challenging times ahead, particularly for businesses with growing supply chains and those striving for improved sustainability.
1 Two new Ontario Bar Association (OBA) executives are insurance law specialists. Lee Akazaki, the OBA’s new president, is a lawyer at Gilbertson, Davis, Emerson in Toronto. He specializes in personal injury, property damage, coverage disputes, commercial law, professional responsibility and property title defence. Morris Chochla was elected to the newly created position of second […]
The Ontario Risk and Insurance Management Society (ORIMS) held its annual golf tournament on June 22 at Deer Creek Golf Club in Ajax, Ontario. Three hundred and nineteen golfers attended the event, which took place immediately following the ORIMS annual general meeting. A torrential rain may have soaked the golfers, but it didn’t dampen anyone’s […]
1 min read
ONTARIO REGULATES FAIR PRICING AMONG INSURER AFFILIATES The Financial Services Commission of Ontario (FSCO) has amended its Unfair or Deceptive Acts or Practices (UDAP) regulation to ensure fair pricing among insurance company affiliates and their distribution channels. The UDAP now requires “affiliated insurers and their agents/brokers to provide a consumer with the lowest rate that […]
June 30, 2010
OSFI's recommended reinsurance reforms would eliminate percentage limits on the use of unregistered and registered reinsurance, but will these reforms change much in Canada's current reinsurance marketplace?
7 min read
Sharon Ludlow, the new CEO of Swiss Re's Canadian operations, sees an opportunity for cat bonds in Canada, but only in the event of M&A activity among the industry's major players.
The oil slick created by the sinking of the Deepwater Horizon rig in the Gulf of Mexico has muddied the global insurance markets.
6 min read
Response Paper: Reforming OSFI's Regulatory and Supervisory Regime for Reinsurance; OSFI spells out its new expectations related to reinsurance governance and risk management.
8 min read
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