The cost of risk in Canada rose by more than half this year to an average of $2.88 per $1,000 of revenue compared with 1999’s $1.74 per $1,000 revenue, according to the latest Risk & Insurance Management Society (RIMS) and Ernst & Young Benchmark survey of risk managers in the U.S. and Canada. In contrast […]
December 31, 2000
2 min read
With most reinsurers adamant that a tough stand will be taken in the upcoming annual treaty negotiations, CU went to the "frontline" to establish a broker perspective of the market mood. Tom Hopkinson, president of Guy Carpenter's Canadian operations, expects the following:
November 30, 2000
3 min read
Inadequate rates, worldwide catastrophic losses and consolidation in the primary market created dismal results for reinsurers in the past few years. But could there be a light on the horizon? CU's survey of Canadian reinsurance CEOs suggests change is in the wind, with rates set to rise this year and companies charting a course for profitability in the future.
November 30, 2000
18 min read
There is evidence to suggest that the traditional business planning cycle has been bent so far out of shape as to become irrelevant to property and casualty insurance. Faced with the "end of the cycle", insurers need to find a new barometer.
November 30, 2000
5 min read
A one-on-one interview with Franklin W. Nutter, President of the Reinsurance Association of America (RAA).
November 30, 2000
7 min read
Not unlike the frustration and confusion expressed by the investment markets during the inconclusive and back-biting legal play that ended the race for of the U.S. presidential election, Canadian primary insurers have waited with baited breath from the middle of this year as the 2001 reinsurance treaty renewals approached. The cause of the market’s apprehension […]
November 30, 2000
4 min read
The Canadian Risk & Insurance Management Society’s (CRIMS) 25th annual conference – which was recently held in Edmonton, Alberta – centered on “Reflections” as an underlying theme for the event. The Alberta chapter of CRIMS, which organized this year’s event, also selected the “Northern Lights” as a visual metaphor reflecting back on the past development […]
November 30, 2000
5 min read
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Ontario Risk and Insurance Management Society Seminar: Emergency Response Planning/Water Damage Restoration. Toronto, ON. For more information, call Marlene […]
October 31, 2000
1 min read
Like druids, witches and warlocks of ancient folklore, financial risk evaluators such as actuaries are generally treated by management of financial institutions with a degree of awe and suspicion. The mathematical risk recipes presented by these modern day wizards may as well be potions of batwings and toads in comparison with historical and standard business […]
October 31, 2000
10 min read
The landscape of the Canadian bond market has changed dramatically in recent years, and further change is certain to be on the horizon. The primary driver of this shift has been the rush by all levels of government in Canada to join the global trend toward fiscal discipline. Less government borrowing means a declining supply […]
October 31, 2000
5 min read