Risk
The use of parametric indices in catastrophe bonds could address the fundamental tension between transparency in the bond structure and the hedging of basis risks
By John Stroughair Vice President, RiskMarkets, Risk Management Solutions, Inc. Ben Brookes Director, R | June 30, 2008
4 min read
A catastrophe bond, usually abbreviated as a ‘cat bond’ is a mechanism for transferring insurance risk to the capital markets. The cat bond is issued by a Special Purpose Vehicle (SPV) established to support the transaction; the sponsor transfers risk to the SPV through a reinsurance arrangement. The SPV funds itself by issuing a cat […]
June 30, 2008
1 min read
Enhancements to tornado, hail and earthquake models are on the horizon, but whether or not Canada will ever have an overland flood model remains to be seen
By Vanessa Mariga Associate Editor | June 30, 2008
6 min read
1 In the most recent Canadian Underwriter online poll we asked: “Have insurance companies managed the market cycle well over the past 12 months?” Only 29.41% are confident insurers have held the line on underwriting discipline. The other 70.59% felt insurers have failed to manage the market cycle well over the past year. 2 Les […]
5 min read
Re: Canadian Underwriter, May 2008, " Need for Speed"
By Donna Boutilier Executive Officer, Nova Scotia Insurance Review Board | June 30, 2008
2 min read
U. S. studies show insurance carriers and brokerages are paying each of their employees roughly US$6,000 a year to perform non-work-related tasks on the Internet.
By Chris Borchert, Business Development Executive, IPrevision, Inc. | May 31, 2008
The credit crunch related to the subprime mortgage crisis in the United States and the higher-than- average hurricane forecasts for the eastern seaboard might be converging at the worst possible time for insurers, according to A. M. Best. “Turmoil in the credit markets could leave policyholders in limbo if a major hurricane strikes the United […]
May 31, 2008
Insurance Bureau of Canada (IBC) has appointed Don Forgeron as vice president, Ontario and Barb Sulzenko-Laurie as its new vice president of policy. Jane Voll, the IBC’s immediate past vice president of policy, becomes special advisor to the president in order to complete the industry’s critical submission at this time to the Automobile Insurance Rate […]
The Risk Management Counsel of Canada (RMC), a national network of law firms that works with the insurance industry, recently held its annual insurance industry social event at the Steam Whistle Brewing’s historic Roundhouse in Toronto. The Event entitled, ‘CANAD-OPOLY’ included attendee participation and exposure to regional-themed food, entertainment and refreshments. WICC (the Women in […]
If "insurance to value" is as important a concept as brokers and insurers say it is, why aren't more people taking the concept more seriously?
By Robert Harder, Principal Consultant, Robert Harder Consulting Group Inc. | May 31, 2008
7 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
