Risk
Canada's insurance industry is once again seeing the long shadow of rising claims costs just outside its door. What will it do next?
August 31, 2007
13 min read
The debate surrounding the future of Canadian residual markets for automobile insurance has been particularly heated in the last few months. Facility Association members in June 2007 declined to approve a proposal to enable the creation of Risk Sharing Pools (RSPs) as the primary residual market mechanism for all private passenger vehicles. Despite myriad operational […]
7 min read
At an industry meeting some time ago, I heard someone say: “Insurance is the Shiva of Capital.” I am not a student of world religions, but the reference to the Hindu deity that is both the “destroyer and restorer” of worlds plays frighteningly well in insurance. We are in the business of cycles, soft and […]
6 min read
Despite thwarted attempts and foiled plots Canadian businesses continue to face the risk of terrorist attacks.
4 min read
Not that long ago, traditional players within the insurance industry neglected to consider the potential for IT to improve operational business processes. That corporate mindset has since been supplanted by the idea that business software can successfully assist insurers in gaining a much-needed competitive edge. And yet, many firms are still so inundated with time-consuming, […]
By Steve Clarkin, Solutions Executive, Banking and Financial Services, Microsoft Canada | August 31, 2007
The softening market has brought with it a greater selection of D&O liability terms.
9 min read
By creating and maintaining accurate data sources insurers can go a long way to improving efficiency and enhancing business opportunities.
Over the last decade, the Supreme Court of Canada has introduced a more plaintiff-friendly standard for cause-in-fact, Anthony Fletcher, lawyer, Filmore Riley LLP, told attendees during a seminar the Canadian Independent Adjusters Associations general meeting and conference in Winnipeg, MB.Causation is the link that must be established between a defendants wrong and the plaintiffs loss; […]
By Canadian Underwriter | August 31, 2007
2 min read
Causation is the link that must be established between a defendants wrong and the plaintiffs loss; the plaintiff must prove that but for the defendants negligence any harm would not have occurred, Anthony Fletcher, lawyer, Filmore Riley LLP, told attendees during at seminar the Canadian Independent Adjusters Associations general meeting and conference in Winnipeg, MB.However, […]
Business continuity risks are heightened as global manufacturers cut costs by narrowing the supply chain, making it crucial that risk managers understand the function of each link on the supply chain, warns Lloyds. Traditionally firms cant insure against business interruption losses such as flooding to infrastructure they dont control, Dan Trueman, a Lloyds underwriter at […]
By Canadian Underwriter | August 24, 2007
1 min read
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