Risk

Managing Global Risks: Running for Cover

An earthquake in Peru. The fall of the argentinean economy. tropical storm allison strikes several american states. Political tensions flare in the middle east. for the average canadian, these events seem a world away, having little impact on day-to-day life. But, for the average canadian company, these events can have a profound effect on the bottom-line. With the growth of canadian exports and domestic companies stretching their wings to establish operations beyond the border, managing these new international risks is a minefield of potential losses. and, with insurance rates hardening on a global scale and few companies willing to offer bundled international coverage, today's corporate risk managers could find themselves scrambling for cover.

July 31, 2001

11 min read

RISK MANAGEMENT: Maximizing Risk Evaluation Process

Rising insurance prices, increased global risk exposure, and emerging non-property risks. Today's risk management profession is facing a new corporate landscape where greater emphasis is being placed on a holistic approach to risk evaluation and cost. Can risk managers benefit from the expertise and risk tools developed by insurers?

July 31, 2001

4 min read

The Insurance Revolution

Global expansion and risk diversification with emphasis on managing capital will serve as the cornerstones of the next development phase of the insurance industry, speakers at the recently held International Insurance Society (IIA) 37th annual seminar predicted. The event, which took place in Vienna, Austria, drew 530 senior insurance management delegates representing 50 countries. A survey carried out by the IIA of the attendees confirmed the common message of the speakers - the global insurance marketplace is at the brink of a revolution.

July 31, 2001

11 min read

B.C. Brokers Conference: On a Collision Course

With the potential deregulation of the British Columbia auto insurance market, insurers, brokers and the government insurer are set on a collision course. At the recent Insurance Brokers Association of B.C. (IBABC) conference in Kelowna it was clear that insurers see winning over the association and its members as key to their successful introduction into the market. But private insurance will be a tough sell, with brokers wondering just what, if any, benefits will come with open competition.

July 31, 2001

6 min read