Risk
Respondents reported time and productivity losses, serious reputational damage, loss of customer loyalty, legal costs and lawsuits, and regulatory fines.
By Angela Stelmakowich, Editor | December 1, 2012
3 min read
Michel Turcotte, recipient of the 2012 Donald M. Stuart Award, has made his life's work getting risk under control.
6 min read
The CIP Society Ethics Series: What are the ethical considerations in a situation where a policyholder, having experienced a serious car accident, displays tell-tale signs that he just wants the claims process to be over and done. What if an adjuster responds to that vulnerability by making a settlement offer that is too low?
By The CIP Society, Insurance Institute of Canada | December 1, 2012
8 min read
Car-sharing services, along with other developments such as peer-to-peer car renting, are turning the traditional notion of "one driver-one vehicle" on its head. Is auto insurance keeping pace?
By Craig Harris, Freelance Writer | December 1, 2012
7 min read
The numbers don't lie - 2012 looks like it will be the fourth consecutive year of billion-dollar losses for Canadian property and casualty insurers. And with factors leading to increasingly more expensive natural catastrophe years unlikely to improve anytime soon, large losses are now the "new normal."
By Glenn McGillivray, Managing Director, Institute for Catastrophic Loss Reduction | December 1, 2012
5 min read
1 Mark Wilson [1], a CEO of AIA Group Ltd. until 2010, will assume the helm as CEO of London-based Aviva PLC on January 1, 2013. Wilson, a former CEO of AXA Asia Pacific Holdings Ltd. and former CEO of AXA China Region Ltd., joined Aviva’s Board of Directors on December 1. When Wilson begins […]
December 1, 2012
2012 has been a relatively quiet year for reinsurance when set against the catastrophes of 2011. Executives in the Canadian property and casualty reinsurance industry were asked to look ahead to 2013 and report what they see on the horizon.
November 1, 2012
11 min read
Easy is not always better when it comes to data collection. Effective data management is critically important to avoid having valuable information become a needle hidden in a very big haystack.
By Steve Papagiannis, Lead, Information Management Practice, SAS Canada | November 1, 2012
Rating assumptions about Canada's vulnerability to earthquake risk appear to have been shaken. The resulting uncertainty in the London insurance and reinsurance market has led to some capacity being withdrawn from Canadian property risks.
By Gemma Rothon, Underwriter, Non-Marine Property and Chris White, Underwriter, Property Treaty, AEGIS | November 1, 2012
The Canadian Infrastructure Report, reflecting input received from 123 municipalities across the country, has given some types of infrastructure high grades. Other systems, however, might benefit from a few more lessons.
By Gregor Robinson, Senior Vice President, Policy and Chief Economist, Insurance Bureau of Canada | November 1, 2012
4 min read
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