Risk
Machine learning analytic methods, when combined with traditional actuarial and statistical methods, can help pick out the truly predictive data points and correlations.
By Marlowe Leibensperger | November 30, 2010
7 min read
Viewed in terms of marketplace stability, the smaller Ontario Facility Association Residual Market (FARM) and larger Risk Sharing Pool (RSP) volumes can be considered "a good thing." But will those RSP numbers spill into the FARM?
By David J. Simpson | November 30, 2010
5 min read
IBC's 10th Annual Regulatory Affairs Symposium; Canada's solvency regulator and Ontario's insurance regulator establish timelines for two key files -- reinsurance guidelines and Ontario auto reforms.
By David Gambrill, Editor | November 30, 2010
1 Katherine A. Mabe will succeed Noel Walpole as president and CEO of The Economical Insurance Group (TEIG). She starts at The Group on Nov. 15, 2010. Prior to accepting her role at TEIG, Mabe was president of the specialty products division of Nationwide Insurance Company of America. In addition, she was president and CEO […]
November 30, 2010
This holiday shopping season was a busy one in Canada – and not just for consumers.Canadian property and casualty companies were clearly in a shopping mood, with several major deals or potential deals announced in December.As we go to press, Desjardins Financial Group, including its property and casualty insurance company Desjardins General Insurance, announced a […]
3 min read
SASKATCHEWAN BROKERS CONCERNED BANKS, DIRECTS WILL BUY BROKERAGES TO OBTAIN SGI CONTRACTS The Insurance Brokers Association of Saskatchewan (IBAS) is anticipating a meeting with Tim McMillan, the minister responsible for Saskatchewan Government Insurance (SGI), about the government’s proposed plan to allow the province’s motorists to obtain licenses from agencies that do not have contracts with […]
October 31, 2010
INSURERS SAY ERM POLICIES CARRIED THEM THROUGH THE FINANCIAL CRISIS More than half of the insurers surveyed in Towers Watson’s biennial global ERM survey said they were satisfied with their ERM capabilities throughout the financial crisis. Of the 465 insurance and reinsurance executives surveyed around the world, 58% felt satisfied with their ERM program’s performance […]
1 min read
Jack Lee, incoming Toronto Insurance Conference (TIC) president, notes how the evolution of commercial insurance has highlighted the importance of broker advice for complex risks.
By Vanessa Mariga, Associate Editor | October 31, 2010
6 min read
Aggregate reinsurance cover is one means for primary insurers to transfer their risk in 'mini-cat' situations, in which big storms add up, but individually they aren't big enough to trigger traditional reinsurance coverage.
By Robert Finnie | October 31, 2010
Insurance and reinsurance merger activity, both globally and in Canada, is beginning to show signs of new life after a period of relative dormancy.
By Jamie Lyons , Geoffrey Lubert & Scott Jellous | October 31, 2010
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