Industry
Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is “open for business” when it comes to discussing new risk transfer solutions to weather-related losses, OSFI superintendent Julie Dickson told P&C insurance industry representatives at the National Insurance Conference of Canada (NICC) in Ottawa.Dickson made her remarks while expressing concern about the […]
By Canadian Underwriter | October 1, 2009
2 min read
For insurers, climate change represents a remarkable opportunity to serve property owners concerned about the growing frequency and severity of extreme weather events, according to Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction. Speaking at the International Cooperative and Mutual Insurance Federation 20009 Biennial Conference in Toronto on Oct. 1, Kovacs set […]
1 min read
Claims
In a multi-media, interconnected, thrill-seeking world, people are almost "disappointed" to learn their houses were flooded or damaged by a mere thunderstorm.
By David Gambrill, Editor | September 30, 2009
3 min read
ROLE FOR CANADIAN P&C INSURANCE INDUSTRY IN ESTABLISHING, ENFORCING BUILDING CODES: ICLR An eyewitness inspection of damage done to homes following several tornadoes that hit Ontario on Aug. 20, 2009 has started a discussion about whether or not the Canadian property and casualty insurance has a role to play in raising awareness about Canadian building […]
September 30, 2009
Home
RESEARCH BY PARTNERRE SUGGESTS HIKES OF BETWEEN 4% AND 8% TO OFFSET LOW INTEREST RATES Internal research by PartnerRe suggests a reinsurer would have to increase its rates by 4.3% (for short-term, property, non-proportional business) and 8.9% (for long-tail, motor, non-proportional business) just to account for lower interest rates and no other factors. PartnerRe presented […]
Risk
CANADA NEEDS ITS OWN MODEL FOR EMPLOYER PRACTICE LIABILITY (EPL) POLICIES The Canadian commercial marketplace requires standard policy wording for Employer Practice Liability (EPL) policies that are distinct from U.S. policies. The Risk Management Counsel of Canada delivered a seminar, Employer’s Dream: Insurer’s Nightmare! Employer’s Liability: The Need for a Canadian Model, at the RIMS […]
Bryan Yetman, president-elect of the Insurance Brokers Association of Ontario (IBAO), demonstrates characteristics highly sought by the broker channel.
6 min read
Opinion/Analysis; Brokers need to respond to changing Ontario market dynamics.
By Randy Carroll | September 30, 2009
5 min read
Will the implementation of amendments to Part XIII of the Insurance Companies Act allow for the grandfathering of business before Jan. 1, 2010?
By J. Brian Reeve | September 30, 2009
9 min read
Insurers and risk managers can help prevent water damage to new construction projects.
By Mike Brown, Vice President, Senior Underwriter, Engineering, Swiss Re | September 30, 2009
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
