Risk
VICTORIA – British Columbia’s auditor general says Crown-owned BC Hydro can improve its management of potential fraud risks at the $16 billion Site C dam project. Michael Pickup says an audit found the Crown corporation has some elements of fraud management in place for the hydroelectric project but has not established an overall program for […]
By Jason Contant | April 27, 2022
1 min read
TD Insurance is offering a new twist on an old ratings variable to measure a driver's risk based on kilometres driven.
By David Gambrill | April 20, 2022
2 min read
VICTORIA – British Columbia’s auditor general says the government’s framework to manage fraud in the public service is well underway, but it’s not fully developed. Michael Pickup says in a news release that fraud risk management in the province is decentralized and shared by ministries as well as the Office of the Comptroller General, which […]
By The Canadian Press | March 17, 2022
Public health events proved to be the top threat across the board for Canadian businesses in 2021 – and most businesses plan to review their insurance policies in the next year, new research shows. Cybersecurity incidents, the health and mental well-being of employees, the skilled workforce shortage and business interruption/supply chain disruptions are considered the next […]
By Alyssa DiSabatino | March 10, 2022
3 min read
Finding talent for the risk management sector is a little easier than it is for brokerages, a RIMS board director says. “There’s a lot of people who go into risk management who want to stay in risk management, so the field tends to grow, and the resources tend to backfill [themselves] a little bit more,” […]
By Jason Contant | February 25, 2022
Canadian risk managers experienced an average 18.8% salary increase in 2021 from two years prior — and women Canadian risk professionals saw an even bigger jump — according to a recent Risk Management Society (RIMS) survey. The 2021 Risk Management Compensation Survey compiled data submitted by 1,213 full-time risk professionals across seven different risk […]
By Alyssa DiSabatino | February 1, 2022
Emergence of new risks alongside capacity restrictions across industry sectors makes it more important than ever for risk managers to strike the right balance between risk retention and risk transfer. Often, this leads to increased interest in alternative risk solutions with self-retention vehicles, such as captives, becoming central to a consolidated, long-term risk management approach. […]
By Phil Porado | January 20, 2022
During Danish Yusuf’s morning routine, his work phone rarely rings and seldom is there an appointment with his Toronto insurance company staff. The lack of disruptions is no coincidence. Yusuf instructed staff not to plan meetings or send electronic communications early in the morning or after 5 p.m. years ago in hopes of helping staff […]
By David Gambrill | December 30, 2021
4 min read
Customized risk management advice ranks highest among the top needs of mid-sized businesses to reduce their risk exposure, a new survey found. The findings suggest there’s an opportunity for brokers and risk managers to deepen risk management conversations with clients. The latest annual Mid-Sized Company Risk Report from QBE North America and the Association for […]
By Phil Porado | November 5, 2021
Risk management has become a top concern for middle market companies surveyed following more than a year of pandemic and other related business disruption, data from Chubb has shown. According to Chubb’s Middle Market Indicator for Q2 2021, which surveyed 1,000 executives of middle market companies, 79% of those companies consider risk management as “extremely” […]
By Phil Porado | October 22, 2021
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