Risk

CIP Society Symposium 2010

What is the ‘New Normal?’ Speakers at the CIP Society Symposium 2010 answered this question from a variety of perspectives at the Toronto Board of Trade on May 13. The annual insurance industry symposium featured seminars designed to tackle the theme: ‘Conquering an Uncertain Future.’ Seminar topics included making the most of your legal services, […]

May 31, 2010

1 min read

OSFI sticks to its principles

This is one of those rare times when Canada is able to duck the pressure to adopt international standards and channel its inner Frank Sinatra, doing things 'Our Way.'

April 30, 2010

3 min read

Reinsurance (May 01, 2010)

CANADIAN INSURERS OVER-RELYING ON ONE VENDOR’S CATASTROPHE MODEL: KPMG There is a potential systemic risk in the use of catastrophe models in Canada because of the property and casualty industry’s “extensive reliance on vendor-provided catastrophe models, particularly with extensive reliance on one vendor in Canada,” KPMG says in research contracted by the Insurance Bureau of […]

April 30, 2010

1 min read

Canadian Market (May 01, 2010)

NEW BRUNSWICK’S HOME INSURANCE MARKET SHOWING SIGNS OF “INSTABILITY” New Brunswick’s Consumer Advocate says the province’s home insurance market is showing signs of “instability.” “One of the biggest issues is the fact that home insurance premiums are on the rise,” the Consumer Advocate says in its 2009 annual general report. “This is due to increased […]

April 30, 2010

2 min read