Risk
Middle-sized Canadian software companies are accounting for much of the recent growth in the information and technology communications sector. Knowledgeable brokers and insurers can work together to customize solutions that address tech companies' complete pictures of risk.
By Jim Charron, Practice Leader, Technology, Middle Markets Commercial, Zurich North America | September 30, 2013
4 min read
It has been a dramatic year for the property and casualty insurance industry. Recent developments and events provide a hint of what may be coming more frequently and more intensely in future.
By Harmeet Singh, Online Editor, Greg Meckbach, Associate Editor and Angela Stelmakowich, Editor | September 30, 2013
5 min read
1 Aviva plc has announced Maurice Tulloch [1], current chief executive officer of Aviva Canada, is the new CEO of Aviva U.K. & Ireland General Insurance, subject to regulatory approval. Tulloch joined Aviva in 1992 and was appointed CEO of the Canadian business in 2009. Greg Somerville, executive vice president of broker distribution for Aviva […]
September 30, 2013
Root cause analysis includes several techniques and approaches, such as the five whys approach and cause-effect diagrams. The analysis is traditionally used after a major risk event or loss, but can also be used, in a predictive way, to manage future risks and to figure out what could cause an initiative to fail - or to succeed.
By Andrew Bent, Suncor Inc. and Carol Fox, RIMS | August 31, 2013
Ken Myers, president-elect of Insurance Brokers Association of Canada, sees plenty of opportunity: in technology, in perpetuation and in self-belief.
By Angela Stelmakowich, Editor | August 31, 2013
A recent Deloitte survey of auto and home policyholders in Ontario and Quebec indicates that few Canadian carriers who use the broker channel let personal lines customers change policies or conduct other business over the Internet.
By Mark Patterson, Senior Manager, Deloitte | August 31, 2013
A broker is thinking of hiring a client in the construction business to work for him or her personally on a home renovation project. Doing business with friends and clients is not forbidden, but what are some of the ethical and business-practice considerations?
By The CIP Society and the Insurance Institute of Canada | August 31, 2013
6 min read
A recent report on cyber risk by Ponemon Institute LLC should pique some interest among carriers and brokers, as well as anyone concerned about the ability of businesses and government agencies to operate in the event of a telecommunications or information systems breakdown. There is a general awareness in the insurance industry that a significant […]
By Greg Meckbach, Associate Editor | August 31, 2013
3 min read
When Ontario carriers propose private passenger auto rate changes to the government, they must now show how their proposed rates and risk classification systems contribute adequately to achieving a 15% premium reduction over two years.
By Greg Meckbach, Associate Editor and Harmeet Singh, Online Editor | August 31, 2013
CANADIAN MARKET Hub International agrees to be acquired Insurance brokerage firm Hub International Ltd. has agreed to be acquired, for US$4.4 billion, by funds advised by Hellman & Friedman of San Francisco. Hub International, which was formed in 1998 through the merger of 11 Canadian brokerages, moved its headquarters to Chicago in 2001. Recent acquisitions […]
August 31, 2013
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