Industry
The IBAO will continue pursuing its provincial “off-site” education program, which was launched at the association’s 1998 Convention, says Rodney Hancock, education chair. And, while the program has proven “highly successful” for a first year, he adds that some fine-tuning will be made to the 1999/2000 lineup. Hancock says the off-site education program’s 23 centres […]
October 31, 1999
2 min read
Risk
The focus for risk managers in the year ahead continues to be about education. But, according to Risk & Insurance Management Society (RIMS) president Susan Meltzer, the organization will focus on continuing education for professionals, not necessarily on designing new curriculum for new risk managers. Meltzer, assistant vice president of Sun Life Assurance Company of […]
Market Watch continued from page 38. The Insurance Brokers Association of Saskatchewan (IBAS) is in a “wait-and-see mode”, says president Keith Wilson, after the association’s recent conference in Saskatoon. The province’s brokers are still carefully watching the credit unions, who have expressed an interest in retailing insurance, while keeping tabs on the progress of the […]
1 min read
Peacefully, on October 19, 1999 Lewis Dunn, president and chief executive officer of CGU Group Canada Ltd., passed away surrounded by family. Beloved husband of Sandy, and father of son’s Chris, Greg (and wife Carolyn), daughter Carolyn and grandfather of Jessica. Born in Vancouver, Mr. Dunn obtained a BA in Math and Economics from the […]
Hurricane Irene, which moved from the Caribbean into southwest Florida with winds gusting at 75 miles an hour, dumped more than 18 inches of rain and caused widespread flooding in mid-October. The damage inflicted by Irene to the U.S. eastern seaboard follows closely on the heels of Hurricane Floyd which also produced widespread flooding despite […]
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. The Canadian Institute: Litigating Disability Insurance Claims. For more information, call the Institute at 416-927-7936. The Canadian Institute, Toronto, […]
Technology was a dominant theme of the 79th annual IBAO Convention as Ken Orr, president of the association for the 1999/ 2000 term, issued a cautionary tone on the industry’s interface future. Speaking at the convention’s final day luncheon, he says development of single entry multiple company interface (SEMCI) has become critical to achieving the […]
As an industry within the personal financial services sector, our customers don't like us very much. To tell you the truth, I don't blame them.; The SAME PRODUCT,
By Chris MacKechnie, a consultant at Information DesignWorks | September 30, 1999
4 min read
Investment gains have kept Canadian property and casualty underwriting results afloat, but conservative leverage -- combined with signs of a market price hardening -- now look to provide some additional comfort to the market. However, a comparison of business strategies applied by companies in Canada and their counterparts south of the border suggests that the former will have to place greater emphasis on reducing operating expenses.
By Gary Ketchum, managing senior financial analyst at A.M. Best Co. | September 30, 1999
5 min read
With the potential of gaining profit on underwriting limited by the soft market, property and casualty insurers are increasingly looking at ways of boosting their investment earnings. However, in today's volatile investment markets, coupled with a low interest rate environment, the task of achieving an above average return is easier said than done -- but not impossible. Appropriate risk rating and investment strategy implementation can generate higher gains.
By Cameron Laird, senior vice president of securities investment at | September 30, 1999
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