Risk
The Registered Insurance Brokers of Ontario (RIBO) supports the plan to move forward with a risk-based approach to regulation as outlined in the Canadian Council of Insurance Regulators’ (CCIR) paper, An Approach to Risk-Based Market Conduct Regulation. The CCIR released the paper in January 2008 with the intent of fostering dialogue between regulators and stakeholders […]
March 31, 2008
1 min read
Canada Inc. reported net income of Cdn$95.8 million for 2007 Q4, down from $109.4 million in 2006 Q4, mainly due to lower results from invested assets, the company notes. “Our investment activities continue to generate substantial interest and dividend income, but recent unfavourable capital markets conditions led to a net loss of Cdn$3.3 million on […]
By Vanessa Mariga | February 29, 2008
15 min read
The old saying ‘full-time risk, part-time risk management’ has become a thing of the past: with the creation of the new CRO (chief risk officer) designation, risk managers have now climbed the next rung on the corporate ladder, eyeing the executive’s proverbial corner office If some risk managers have their way, another set of letters […]
9 min read
When Toronto hosts the September 2008 RIMS Canada Conference, expect the focus to be on education, collaboration and networking
By David Gambrill | February 29, 2008
6 min read
The scientific consensus on climate change has spurred some insurance companies to act by introducing products that deal with the causes and exposures of global warming. While ambitious insurance coalitions have been formed in the United Kingdom and United States to address the long-term impact of climate change, individual insurers have taken the coverage lead […]
By Craig Harris | February 29, 2008
10 min read
Capital for Proxy How publicly-traded companies can use insurance as a means to beat a coming recession Your company has a problem. The United States is facing a credit crunch, which means debt may become very costly or virtually unavailable. Or it could be worse: a recession might be unfolding, potentially inflicting collateral damage globally, […]
By Garry McDonell, National Director, Risk Management Services, Aon Reed Stenhouse Inc. | February 29, 2008
4 min read
Effective business continuity planning is more than just having a plan. The plan should reflect a wider, holistic business continuity management culture.
By Perry Brazeau, Senior Vice President, Manager, Canada Division, FM Global | February 29, 2008
5 min read
Thanks to the introduction of real-time cat exposure modelling, the days of stick-pin exposure monitoring are gone
By Paul Brehm, Managing Director, Guy Carpenter & Company LLC | February 29, 2008
Should risk managers focus limited financial and internal resources on prevention of corporate fraud, or should they ensure an effective detection and investigation program is in place? In fact, they should do both.
By Stephen Turner, Assistant Vice President, Senior Account Manager, MJM, Inc. | February 29, 2008
7 min read
Traditionally, corporate risk officers have been charged with protecting the tangible assets of the company. But their job becomes more complicated when this oversight extends to risks related to network security, intellectual property and brand reputation. It is Monday morning and the risk officer receives notice that the company’s network has been breached. There now […]
By David Turner, Senior Associate, Integro Insurance Brokers (Toronto) | February 29, 2008
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