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. Toronto Insurance Women’s Association: Lunch Meeting. For more information, call Julia Benyak at 416-362-8586. Royal York Hotel, Toronto, ON. […]
February 29, 2000
2 min read
On the invitation of the Office of the Superintendent of Financial Institutions, the Insurance Bureau of Canada (IBC) formed a working group in 1998 to prepare a set of draft standards of sound business and financial practices for property and casualty insurers. The IBC drew upon standards for similar standards for life insurance companies and […]
January 31, 2000
1 min read
Arecently held KPMG seminar on e-commerce application opened with a quote from Bill Gates: “Business is going to change more in the next ten years than it has in the last fifty…If the 1980s were about quality and the 1990s were about reengineering, then the 2000s will be about velocity.” And, a North American e-commerce […]
January 31, 2000
4 min read
The answer to industry automation might never have been the Synchron Project or any vendor based initiative. There is rising sentiment that it always was the internet. This industry-wide realization has struck home, and insurers are now rushing to get online. It is no longer talk, or abstract theory. it is the here and the […]
January 31, 2000
9 min read
Going online means exposing your company to an array of security risks and hazards. These security risks are typically examined in a piecemeal fashion, but technology is emerging to examine this risk on an enterprise level. One thing is for sure, it's time to assess your risk, and carry through with plans to mitigate it.
January 31, 2000
6 min read
The fact that one of Hollywood’s recent creations “The Insider”, which is based on behind-the-scenes dirty tricks employed by opposing parties in the U.S. anti-tobacco wars, achieved such box office success clearly indicates rising public interest in tarring cigarette manufacturers — and making them cough up payment. With the U.S. courts having recently passed settlement […]
January 31, 2000
9 min read
Property and casualty insurance companies -- by the nature of their business -- face many risks. When does a particular exposure become grave enough to pose a material risk and a threat to a company's solvency? At the recently held 8th Annual KPMG Insurance Issues Conference, in Toronto, KPMG's Wendy Mills and Tracy Capstick examined emerging standards for p&c insurers.
January 31, 2000
6 min read
Technology, globalization, deregulation, consolidation and demutualization. These are the forces of change shifting the ground beneath the world's financial services industry. Such change is drawing into question the effectiveness of regulators such as Canada's Office of the Superintendent of Financial Institutions (OSFI) to remain relevant to its role, particularly in light of the new non-traditional players such as technology companies in financial services.
January 31, 2000
6 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 Insurance Adjusters Association: Dinner Meeting. For more information, call Karen Tammy Hemphill at 416-863-1750. Downtown Board of Trade, […]
January 31, 2000
1 min read
Welcome to a bright new bushy-tailed beginning of a year, or for that matter a new millennium, depending on your sentimental versus mathematical calculation. And, indeed, it would appear to be a bright year ahead, with fat company surpluses on record and a definite sense that market rates, both commercial and personal, are turning the […]
December 31, 1999
4 min read