HR
Leaders of the United Nations, the World Bank Group and the global insurance industry on Monday announced the formation of the Insurance Development Forum (IDF), which occurred at a high level meeting in Washington, DC, last week. The IDF has two aims: to incorporate insurance industry risk measurement know-how into existing governmental disaster risk reduction […]
By Canadian Underwriter | April 18, 2016
4 min read
The Toronto Insurance Conference (TIC) is now accepting applications for the fourth year of its university scholarships program. Founded in 2013 and managed by the Insurance Institute of Ontario, the TIC Scholarships Program offers financial assistance for up to three $5,000 scholarships to applicants sponsored by TIC brokers, partners and staff, as well as other […]
2 min read
The job of data scientist, which combines information technology, statistical analysis and other disciplines to interpret trends from data, has been rated as the best job of 2016 by U.S. job search website CareerCast.com. Professions in mathematics top the 28th annual Jobs Rated report, including the role of data scientist, which was only added to […]
By Canadian Underwriter | April 14, 2016
SAN DIEGO – RIMS, the risk management society, issued a new executive report Tuesday that explores how a formal risk appetite and risk tolerance statement “can become a powerful strategic tool for not only managing risk, but also for maintaining an effective balance between risk and reward.” “Aligning these statements with strategy has sparked a […]
By Jason Contant | April 12, 2016
SAN DIEGO – It is important for risk managers in the mining sector to understand the most critical scenarios for their companies and to analyze the true impacts of cyber incidents, suggests Günter Becker, head of mining for Munich Re. “The problem for risk managers is the ability to get their arms around such a […]
SAN DIEGO – William McGannon, a risk management pioneer who had a resounding impact on Canada’s risk management profession, is among the two latest members of the Risk Management Hall of Fame (RMHF). McGannon – long-time employee of NOVA Chemical Corporation, frequent lecturer and regular RIMS conference presenter – and David Mikulina, retired vice president […]
SAN DIEGO — Catastrophe modelling firm AIR Worldwide has launched what it calls the first open source deterministic cyber risk scenario, a move meant to help individual companies and the insurance industry as a whole better understand aggregated risk from large-scale cyber attacks. Used in conjunction with the company’s data schema, cyber scenarios “will serve […]
By Canadian Underwriter | April 11, 2016
Western Canadian insurer Peace Hills Insurance has implemented eDelivery, enabling the electronic transmission of personal lines policy documents directly to consumers’ Canada Post epost digital mailboxes in place of traditional mail, the Centre for Study of Insurance Operations (CSIO) said on Monday. As part of its implementation process, Peace Hills Insurance also obtained CSIO certification, […]
By Canadian Underwriter | April 4, 2016
The Investment Industry Regulatory Organization of Canada (IIROC) and the Financial Services Commission of Ontario (FSCO) announced on Wednesday that they have signed an information-sharing agreement that will “provide more effective regulation and strengthen consumer protection in Ontario.” Under the Memorandum of Understanding (MOU), the two regulatory agencies will share the decisions and sanctions of […]
By Canadian Underwriter | March 31, 2016
Everest Re Group, Ltd. announced on Wednesday that it has named Jonathan M. Zaffino as president of its North America Insurance Division, effective April 1. Zaffino joined Hamilton, Bermuda-based Everest Re in 2015 as president of Everest National / U.S. Insurance Operations, the insurance carrier reported in a press release. In his expanded role, Zaffino […]
By Canadian Underwriter | March 30, 2016
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