Risk
Dear Editor, I was so pleased to read that Jan Lowther had received the “Golden Torch” award recently in Colorado. Jan has been the “guiding light” for risk management communications in Canada for many years and her trustworthy and interested approach has fostered much of the response, so excellently and fairly reported in Canadian Underwriter. […]
October 31, 1999
1 min read
Heightened consumer expectations and the broader reach of technology are having a significant impact on the commercial market, says Andrew Duguid, director of development at Lloyd’s of London. Technology has broadened the choices in risk management, enabling for inhouse risk rating and application of financial “risk hedging tools” available through the capital and captive markets, […]
The wave of mergers and acquisitions which has occurred between the corporate national property and casualty brokers across North America appears to have reached an end, leaving a landscape occupied by two distinct camps: small regional operators and the new breed of “mega global brokers”. Insurers and risk managers alike have kept a keen eye […]
By Lowell Conn | October 31, 1999
6 min read
Canadian corporations are facing an increasingly litigious environment resembling that of the U.S., delegates were told at the Canadian Risk & Insurance Management Society conference held recently in St. John’s, Newfoundland. Dubbed “Risk on the Rock”, the conference’s speakers portrayed a risk management profession facing greater challenges and a wider scope of corporate responsibility. The […]
By Michael Hlinka | October 31, 1999
The Insurance Bureau of Canada (IBC) recently completed a survey in conjunction with management consultants Deloitte & Touche to identify what internal risk control procedures property and casualty insurers have or should be applying in evaluating strategic, operational and capital exposures. The survey results show varied approaches by companies, although they all claim to have […]
By Jane Voll, director of policy and research, and Andrew Keppen, r | October 31, 1999
5 min read
The focus for risk managers in the year ahead continues to be about education. But, according to Risk & Insurance Management Society (RIMS) president Susan Meltzer, the organization will focus on continuing education for professionals, not necessarily on designing new curriculum for new risk managers. Meltzer, assistant vice president of Sun Life Assurance Company of […]
2 min read
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. The Canadian Institute: Litigating Disability Insurance Claims. For more information, call the Institute at 416-927-7936. The Canadian Institute, Toronto, […]
Investment gains have kept Canadian property and casualty underwriting results afloat, but conservative leverage -- combined with signs of a market price hardening -- now look to provide some additional comfort to the market. However, a comparison of business strategies applied by companies in Canada and their counterparts south of the border suggests that the former will have to place greater emphasis on reducing operating expenses.
By Gary Ketchum, managing senior financial analyst at A.M. Best Co. | September 30, 1999
With the potential of gaining profit on underwriting limited by the soft market, property and casualty insurers are increasingly looking at ways of boosting their investment earnings. However, in today's volatile investment markets, coupled with a low interest rate environment, the task of achieving an above average return is easier said than done -- but not impossible. Appropriate risk rating and investment strategy implementation can generate higher gains.
By Cameron Laird, senior vice president of securities investment at | September 30, 1999
Individual Registrants 14,311 14,372 14,256 14,067 Active Businesses *1,524 *1,592 *1,692 1,848 Average Number 9.4 9.0 8.4 7.6 of Registrants per Business source: ribo RIBO outline of the function of a BROKER VERSUS AGENT: BROKER: A Broker is an independent intermediary between the parties to an insurance contract (i.e. the insurer and the insured). A […]
By Sean van Zyl, Editor | September 30, 1999
15 min read
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