Risk
1 Brian Parsons [1], former national practice leader of mining at Marsh Canada Limited, is now chief executive officer of Willis Canada. Parsons, who has spent 22 years with Willis Canada, will report to Willis North America CEO Todd Jones, notes a statement from Willis North America. “The challenges facing the Canadian business community today […]
October 31, 2014
4 min read
With one of life's turns, Philomena Comerford, incoming president of the Toronto Insurance Conference, went from thinking she would be a visual artist to having a 40-year career in insurance.
By Greg Meckbach, Associate Editor | October 31, 2014
5 min read
REINSURANCE Terrorism, cyber attacks among main emerging risks in reinsurance Cyber attacks and terrorism are among the main emerging risks currently facing the reinsurance sector, notes a new report from Guy Carpenter & Company. Emerging risks are divided into three categories: technological (those that are genuinely new, emerging from new technologies and processes); crystallizing (those […]
7 min read
The Internet of Things is a bridge between the old economy of bricks, mortar and physical objects and the new economy of mobile devices, data networks and analytic engines. It is estimated that billions of "things" will be linked to the Internet within the next five years through sensors located in cars, homes and businesses. How will this connectivity and data affect insurance companies, brokers and consumers?
By Craig Harris, Freelance Writer | September 30, 2014
13 min read
Although commercial quote analytics can influence the behaviour, growth and profit of commercial business, its promise is currently not being fully explored or exploited. Brokers and insurers looking to gain a significant competitive advantage would be well-advised to leverage the historical quote data that they already possess.
By Rick Rass, Independent Consultant, Commercial Insurance Analytics | September 30, 2014
Business continuity plans are a must to remain competitive in today's dynamic marketplace. Brokerages would do well to build these plans and strategies, thereby enabling their businesses to quickly and smoothly return to pre-disaster operating level and capacity.
By Stephane Lacasse, Vice President, Product Management for Canada and Rating Products, Applied Systems | September 30, 2014
It looks like “small” might, again, be the next big thing. There is certainly no shortage of merger and acquisition activity involving brokers these days, be they large or small. In a report released in August, consulting firm Optis Partners predicted there would be “robust” M&A activity involving insurance operations in both Canada and the […]
By Angela Stelmakowich, Editor | September 30, 2014
3 min read
For the insurance industry, new approaches to presenting information through e-delivery could prove revolutionary. However, the challenge for brokers is to determine how best to ensure consumers remain protected while cost control measures unfold.
By Brenda Rose, Vice President and Partner, FCA Insurance Brokers; and Technology Champion, Insurance Brokers Association of Canada | September 30, 2014
6 min read
The challenge of enterprise risk management programs for many organizations has always been how to quantify "value" and effectively harness data across the enterprise. Risk management consultants believe there is now a solution in emerging data mining and analytic modelling technology that effectively turns "data" into true risk intelligence.
By Sean Van Zyl, Freelance Writer | September 30, 2014
The outlook for Canada's property and casualty insurance industry may be stable, as has been the case for the last few years, but that does not mean things are standing still. Changes are afoot for both the country's p&c and reinsurance sectors that demand notice and response.
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