Risk
For most Canadians, a natural disaster is something that takes place half a world away, generally in poor, under-developed countries, across the hurricane swept Caribbean, or along the southeast coast of the U.S. But more natural disasters are happening in our own backyard, adding to the burden of risk management, and raising concern that resources for immediate disaster relief will be spread too thin.
By Linda Matthews, COO of Royal & SunAlliance Canada | June 30, 2000
4 min read
What are some of the world's reinsurers doing to move forward amid what has been the worst market downturn in recent memory?
By Glenn McGillivray, head of corporate communication at Swiss Rein | June 30, 2000
8 min read
Recent management consultant surveys of the North American property and casualty insurance industry have highlighted distribution as the number-one future concern facing insurer CEOs. The reports all weigh strongly in favor of integrated multi-distribution approaches with the Internet playing central stage. However, whether or not company CEOs agree with the views put forward by the […]
By Vikki Spencer | May 31, 2000
The Risk and Insurance Management Society 2000 Conference & Exhibition, which was recently held in San Francisco, drew a record number of more than 12,000 attendees and exhibitors. The event marked the society’s 50th anniversary as the North American body for the risk management profession. Key factors raised by executive board members at the conference […]
By Sean van Zyl, Editor | May 31, 2000
5 min read
Included in the federal government budget for the current fiscal year was a long-range allocation of several billion dollars to be earmarked for provincial infrastructural development projects. The property and casualty insurance industry’s recently formed Institute for Catastrophic Loss Reduction (ICLR) has called for an ambitious $750 million of this expenditure to be allocated by […]
Approximately 98% of risk managers recently surveyed by the Liberty Mutual Group say they use the Internet in carrying out their duties. The survey is based on the responses of 200 risk managers. Approximately a quarter of the survey respondents say they spend more than five hours a week online, with research being the main […]
May 31, 2000
1 min read
Armed with over 50 years experience in the insurance business, Simon Farrow is ready to lead a new company, Thompson General Insurance, onto the playing field. The market may be competitive, he says, but this “virtual company” is mixing state of the art technology with a community-based approach to tackle its larger competitors. Reducing expenses, […]
6 min read
With the recent approval of the U.S. Financial Services Modernization Act, a considerable amount of attention in Canada has been turned to watch developments south of the border. Financial services legislative reform in the U.S. has opened the door to financial institutional cross ownership and integrated product selling, essentially providing the way for the one-stop […]
3 min read
With the growth of property and casualty insurance industry earnings having plummeted to almost a 20-year low on the back of poor investment returns and intense rate competition — which saw last year’s annual rate of premium growth clock in at a level last seen in 1983 — most company CEOs agree that the time […]
By Sean van Zyl, Editor | April 30, 2000
9 min read
The number of policyholders in the high-risk Facility Association pool continued to decline in 1999, reports president Stan Griffin at the association’s recently held annual general meeting. Although the combined ratio of the market rose by 10 percentage points year-on-year to close 1999 at 87% (the highest level since 1996), premium volume measured against that […]
April 30, 2000
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