Legal / Regulation

Global banking, financial services and insurance security market to grow to US$48.95 billion by 2021: report

The global banking, financial services and insurance (BFSI) security market is estimated to grow to nearly US$50 billion by 2021, driven by regulatory, security and cyber factors. Market research firm MarketsandMarkets said in a report released Thursday that the BFSI security market is estimated to grow from US$30.23 billion in 2016 to US$48.95 billion by […]

By Canadian Underwriter | September 9, 2016

1 min read

Legal / Regulation

No Vacancy

When it comes to "vacant" properties, a number of potential risks and liabilities may come into play. It is critically important to take a wide view when assessing how best to manage and mitigate associated risks. It is also advisable to remember that the longer a property sits idle, the more difficult obtaining coverage may become.

September 2, 2016

6 min read

Legal / Regulation

FAA forecast: 600,000 commercial drones within the year

WASHINGTON – There will be 600,000 commercial drone aircraft operating in the U.S. within the year as the result of new safety rules that opened the skies to them on Monday, according to a Federal Aviation Administration estimate. The rules governing the operation of small commercial drones were designed to protect safety without stifling innovation, […]

By Jason Contant | August 29, 2016

2 min read

Legal / Regulation

Over There, Over Here

It would be folly to think that political risk is something that only happens “over there.” The effects over here can be just as damaging. That the number of such incidents may not be as high as has traditionally been the case in emerging markets should offer neither comfort nor serve as a basis for […]

August 26, 2016

3 min read

Ontario government to table home inspector licensing legislation

Six months after a bill proposing to regulate home inspectors was tabled in the Ontario legislature, the provincial government said Wednesday it plans to “introduce legislation this fall that would, if passed, regulate the province’s home inspection industry.” Bill 165, the Licensed Home Inspectors Act, has already passed second reading and was referred March 3 […]

3 min read

City of Toronto issues Private Transportation Company licence to Uber

The City of Toronto announced on Tuesday that it has issued a Private Transportation Company (PTC) licence to Uber, calling it the first of its kind in Canada. Since Toronto City Council gave Uber the green light to operate legally in Toronto on May 3, city staff have been preparing and implementing the new Vehicle-for-Hire […]

2 min read

Public Safety Canada launches public consultation on cybersecurity landscape

Public Safety Canada (PSC) has launched a public consultation on the “evolving cybersecurity landscape.” On Tuesday, the federal government launched the Consultation on Cyber Security to help identify gaps and opportunities, bring forward new ideas to shape Canada’s renewed approach to cybersecurity and capitalize on the advantages of new technology and the digital economy, PSC […]

2 min read

Global cybersecurity market to grow from US$122.45 billion to US$202.36 billion by 2021: report

The global cybersecurity market is set to grow from US$122.45 billion in 2016 to US$202.36 billion by 2021 at a compound annual growth rate (CAGR) of 10.6%, according to a recent report from Research and Markets. The Cyber Security Market – Global Forecast to 2021 report from the Dublin, Ireland-based global market research store reveals […]

2 min read

Mutual insurers seeing revival in recent years: Swiss Re sigma report

Mutual insurers’ share of the overall insurance market increased from 24% of direct premiums written in 2007 to just over 26% in 2014, reversing some of the declines of previous decades, according to Swiss Re’s latest sigma report. Released on Tuesday, Mutual insurance in the 21st century: back to the future? also found that the […]

5 min read

Exit Strategy

The June referendum in favour of the United Kingdom leaving the European Union is creating volatility and uncertainty for some Canadian risk managers, some experts say. This may be especially true for organizations looking to expand into Europe or whose directors and officers could face liability risk arising from a drop in share price.

August 2, 2016

6 min read