Risk

Value in Safety

Driver safety management programs are essential for commercial fleets. Brokers, however, can play an important role in educating commercial clients about what risk management practices can keep drivers safe, avoid collision-related claims and allow business operations to continue running smoothly.

September 30, 2015

6 min read

Risk

Eye in the Sky

The drones are coming! The drones are coming! Okay, but will anyone know how to insure them once they get wherever they are going? Everyone needs to take a breather – although not a long one – so that when different industries are ready to send unmanned aerial vehicles (UAVs) skyward, they have fully considered […]

September 30, 2015

3 min read

Risk

Demand for cyber insurance on the rise, going through the due diligence process has great value

Companies in Canada are warming to cyber insurance – with more and more organizations expected to obtain coverage over the next few years – but they still need to ensure their exposure ducks are all in a row. “You have to consider cyber liability exposure, even if you choose not to risk transfer and purchase […]

By Canadian Underwriter | September 30, 2015

3 min read

Risk

Insurer CIOs “demand configurability” in core technology systems: Survey

Insurers are expected to invest heavily in modernizing and replacing core information technology systems, and chief information officers are looking for new systems that they can configure, Novarica Inc. suggested in a recent report. “The modernization or replacement of core systems continues to drive the majority of insurer budgets year after year,” Novarica stated in […]

By Canadian Underwriter | September 30, 2015

2 min read

Higher demand for p&c coverage a possible silver lining of depressed oil prices: AGCS

That Canada is facing challenges in the wake of depressed oil prices is hardly news, but there are some positives for the property and casualty industry that go along with the negatives, suggests Ulrich Kadow, chief agent, Canada for Allianz Global Corporate & Specialty (AGCS) Americas. “While the energy sector is going through difficult times, […]

4 min read

Towers Watson develops financial modelling application for Canadian p&c insurers

Global professional services company Towers Watson has announced the development of an application within its Igloo financial modelling suite specifically tailored for property & casualty insurers in Canada. The application is designed to help Canadian insurers “efficiently use comprehensive, full-function models to help better manage risk and capital based on International Financial Reporting Standards in […]

2 min read

Joint venture results in new Canadian insurance brokerage Moore-McLean Gateway Insurance Group Ltd.

Toronto-based Moore-McLean Insurance Group Ltd. and Gateway Insurance Group of Halifax, N.S. announced on Tuesday the formation of a new joint venture company, Moore-McLean Gateway Insurance Group. With offices in Halifax and Toronto, Moore-McLean Gateway (MMG) will leverage the “considerable expertise and market clout of Moore-McLean with Gateway’s deep business and community relationships to target […]

2 min read

Information at risk of breach when in transit on public networks: IDT911

Being in transit can be a risky venture when it comes to information, suggests Brian Huntley, senior information security advisor for IDT911 Consulting. “Information is especially at risk of breach when it is in transit on public networks, and when it is shared with third parties, such as vendors, service providers and resellers,” Huntley told […]

3 min read

RIMS Ontario Chapter presents Donald M. Stuart Award to Manitoba Hydro’s Tino Brambilla

Tino Brambilla is celebrating another cherished anniversary this year during RIMS Canada Conference 2015 in Quebec City – his 30th wedding anniversary. Brambilla, manager of insurance services at Manitoba Hydro and this year’s recipient of Canada’s highest risk management honour, the Donald M. Stuart Award – told those assembled for the 41st edition of the […]

3 min read

Lack of understanding the overarching risk of uninitiated companies looking to seize benefits of drone use: Zurich Canada

The expanding interest in drones means many companies and industries considering their use will be engaged in an aviation activity for the first time, necessitating that they have a firm grasp of associated risks before moving forward, suggests a new white paper from Zurich Insurance Company Ltd. First-time engagement likely means companies will be operating […]

6 min read