Risk
Arecently held KPMG seminar on e-commerce application opened with a quote from Bill Gates: “Business is going to change more in the next ten years than it has in the last fifty…If the 1980s were about quality and the 1990s were about reengineering, then the 2000s will be about velocity.” And, a North American e-commerce […]
By Sean van Zyl, Editor | January 31, 2000
4 min read
The answer to industry automation might never have been the Synchron Project or any vendor based initiative. There is rising sentiment that it always was the internet. This industry-wide realization has struck home, and insurers are now rushing to get online. It is no longer talk, or abstract theory. it is the here and the […]
By Lowell Conn | January 31, 2000
9 min read
Going online means exposing your company to an array of security risks and hazards. These security risks are typically examined in a piecemeal fashion, but technology is emerging to examine this risk on an enterprise level. One thing is for sure, it's time to assess your risk, and carry through with plans to mitigate it.
By Ron Lepofksy, president, PTI Telecommunications | January 31, 2000
6 min read
The fact that one of Hollywood’s recent creations “The Insider”, which is based on behind-the-scenes dirty tricks employed by opposing parties in the U.S. anti-tobacco wars, achieved such box office success clearly indicates rising public interest in tarring cigarette manufacturers — and making them cough up payment. With the U.S. courts having recently passed settlement […]
Property and casualty insurance companies -- by the nature of their business -- face many risks. When does a particular exposure become grave enough to pose a material risk and a threat to a company's solvency? At the recently held 8th Annual KPMG Insurance Issues Conference, in Toronto, KPMG's Wendy Mills and Tracy Capstick examined emerging standards for p&c insurers.
January 31, 2000
Technology, globalization, deregulation, consolidation and demutualization. These are the forces of change shifting the ground beneath the world's financial services industry. Such change is drawing into question the effectiveness of regulators such as Canada's Office of the Superintendent of Financial Institutions (OSFI) to remain relevant to its role, particularly in light of the new non-traditional players such as technology companies in financial services.
By David Carr | January 31, 2000
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Ontario Insurance Adjusters Association: Dinner Meeting. For more information, call Karen Tammy Hemphill at 416-863-1750. Downtown Board of Trade, […]
1 min read
Welcome to a bright new bushy-tailed beginning of a year, or for that matter a new millennium, depending on your sentimental versus mathematical calculation. And, indeed, it would appear to be a bright year ahead, with fat company surpluses on record and a definite sense that market rates, both commercial and personal, are turning the […]
By Sean van Zyl, Editor | December 31, 1999
With little room to maneuver on premium growth and enhancing investment returns, property and casualty insurers are likely to turn their attention in the year ahead to better risk selection and improved claims handling efficiency to boost bottom-line performance, industry spokespeople say. In particular, the claims management arena is likely to become a competitive area […]
The "just-in-time" (JIT) efficiency supply process has over recent years become more than just a popular fad among manufacturers, it has become an engraved business philosophy having produced significant operating savings to companies. However, when evaluating commercial coverages, insurers need to carefully weigh up all the risk factors associated with JIT.
December 31, 1999
5 min read
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