Industry
Canada’s largest earthquake preparedness drill is set for Oct. 17. As part of this year’s Great British Columbia ShakeOut, thousands of BCers will “drop, cover and hold on” as part of an earthquake drill, with other similar events taking place worldwide and drawing millions of participants. Last year, there were more than 590,000 participants in […]
By Canadian Underwriter | October 2, 2013
2 min read
Company reputation and the fallout from reputational damage have surpassed economic and business model concerns as the top strategic risk for large companies, notes Deloitte LLP, which released its Exploring Strategic Risk survey report Tuesday. The findings are based on a global survey conducted by Forbes Insights that involved more than 300 respondents from the […]
3 min read
The European Commission has postponed the application date of the Solvency II Directive to Jan. 1, 2016. The draft directive postponing the application date was put forward at the request of Michel Barnier, the commissioner responsible for internal markets and services, according to a statement released Wednesday. The details of the Omnibus II legislative proposal, […]
1 min read
Frank Cowan Company, a provider of specialized insurance programs, will now offer its clients a web-based weather monitoring and operations management platform designed for municipalities across Canada. The platform, called Snowman, is being offered as part of a partnership between Frank Cowan and Baseline Telematics, a supplier of telematics-based solutions for the insurance industry. The […]
By Canadian Underwriter | October 1, 2013
Nearly one in three respondents to a recent survey said their organizations have increased “privacy-related staff” over the past year, but fewer than two-thirds “have a defined privacy officer role,” according to information technology research firm Gartner Inc. Stamford, Conn.-based Gartner released Sept. 25 some results of its study, based on responses by 221 organizations […]
More than half of adult children of seniors included in a new survey said they were concerned about their parents’ driving abilities, but far fewer are actually having conversations about it. Liberty Mutual Insurance in the U.S. reported that 55% of “baby boomers” expressed concern over their senior parents’ driving, but only 23% are having […]
Several European risk managers are not happy with the cyber coverage available from insurance carriers, while the main concerns for chief executive officers of corporate policyholders tend to be economic, political and social risks, suggests the Risk Frontiers European Survey, published Monday. “The survey, which gathers views from risk and insurance managers across 12 European […]
Consumers in Canada have shown some reluctance to embrace telematics and surveillance-like technology in their vehicles. In today's age of big and meta data, clandestine electronic eavesdropping by government agencies and juicy revelations of whistleblowers, insurance companies may have to rethink their approach to privacy - if they want customers to buy in. Information is the new currency in rating and underwriting, but the price for entry may be greater disclosure and transparency.
By Craig Harris, Freelance Writer | September 30, 2013
13 min read
Chris Floyd, president-elect of the Insurance Brokers Association of Ontario, advises brokers to be ready for technology, both as a means to address emerging issues and to enhance service.
By Greg Meckbach, Associate Editor | September 30, 2013
5 min read
The Insurance Institute of Canada recently wrapped up a one-year pilot of its new Instructor Certification Program, an initiative that involved more than 30 instructors. Set to roll out in October, the program seeks to ensure that both excellence and engagement are standardized, regardless of where courses are being delivered across the country.
By Peter Hohman, President and CEO, Insurance Institute of Canada | September 30, 2013
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