Insurance & Risk, Analysis, Events and Careers
Risk
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
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
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 […]
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 […]
2 min read
Gordon McBean, director of policy at the Institute for Catastrophic Loss Reduction (ICLR), recently received the Order of Canada for his research on climate change.
5 min read
Insurers looking to make a buck in North American commercial trucking lines should prepare for a number of long-term challenges before taking the plunge.
6 min read
Underwriting terrorism insurance is a challenging task, since the likelihood of terrorist attacks is difficult to predict and the potential liability is enormous.
Companies improving their data management processes might find a correlated improvement in their risk modeling.
B.C.'s insurance regulator believes OSFI's amendments to Part XIII reduce regulatory transparency and increase risk. And so whereas the CCIR issued a voluntary consent and undertaking to deal with any potential uncertainty, B.C. decided to legislate protection.
4 min read
Essentially New Brunswick's proposed ban on credit scoring threatens to undo whatever more subtle approach the CCIR might have deemed appropriate.
March 31, 2010
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