Risk
Insurance brokers have a wealth of client information stored across their operations -- in their own broker management systems,on their Web sites and within reports from third-party vendors. But can they use that data effortlessly, and productively?
By Patrick Durepos, President, Keal Technology | May 31, 2007
5 min read
Insurers shouldn't get tied up in knots over the different approaches for policy system conversion
By Robert Symons, President, Tritech Financial Systems Inc. | May 31, 2007
Aon Reed Stenhouse, celebrating its 20th anniversary in April, contributed to building five community playgrounds across Canada
By Stephen Barrigar, Manager, Corporate Communications, Aon Reed Stenhouse | May 31, 2007
2 min read
The Institute for Catastrophic Loss Reduction (ICLR) has appointed Kathy Bardswick, CEO of The Co-Operators Group, as its new chair, effective immediately. Bardswick will replace David Wilmot, who recently announced his intention to retire from the ICLR and his role as senior vice president and chief agent for Canada of Toa Re. Wilmot has a […]
May 31, 2007
4 min read
Canadian industry representatives at the Risk and Insurance Management Society’s 2007 Conference in New Orleans gathered at the JW Marriott for cocktails and hors d’oeuvres. Sponsored by CGI and RIMS Canada Council , the gathering allowed people to swap stories and compare notes on the week’s events while sampling culinary treats, and maybe even sipping […]
The Risk and Insurance Management Society said it is disappointed to learn some brokers are reconsidering their pledge to refuse to accept certain forms of contingency fee arrangements with insurers.In response to regulatory matters and settlement agreements, many brokers pledged to refuse to accept placement fees from insurers on business where they represent the buyer, […]
By Canadian Underwriter | May 30, 2007
A Manhattan federal jury has found Timothy Harcharik, a one-time risk management director for cell phone distributor Brightpoint, liable on three counts of aiding and abetting securities fraud for his part in a finite reinsurance deal, A.M. Best reports.Harcharik told A.M. Best and the court he was unaware the arrangement of a fraudulent finite insurance […]
By Canadian Underwriter | May 29, 2007
Risk exposure in the emerging world of privacy legislation is becoming a high priority for a wide range of industries due to a number of public security breaches demanding increased privacy awareness, according to a regulatory practice letter by KPMGs financial industry regulatory advisory services unit in the United States.Managing the collection, maintenance, use and […]
1 min read
On average, a U.S. enterprise-wide risk management professional earns an annual salary of US$130,997, according to The Risk and Insurance Management Society Inc. (RIMS)s 2007 Risk Management Compensation Survey.The survey presents base salary and incentive data for 12 industry-specific jobs, categorized by company size (full time employees and annual revenues), risk management department size, industry […]
By Canadian Underwriter | May 24, 2007
Barriers to addressing insurance fraud include insufficient risk management, commercial interests and public attitudes about fraud, according to findings in Report on the survey on preventing, detecting and remedying fraud in insurance, issued by the International Association of Insurance Supervisors (IAIS). On the last [survey] question [of more than 100 respondents], on the problems that […]
By Canadian Underwriter | May 23, 2007
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