HR
Half of CEOs worldwide expect their industries to be “substantially or unrecognizable transformed” by digital change, according to a survey released on Wednesday by Stamford, Conn.-based information technology research and advisory company Gartner Inc. The 2016 CEO Survey: The Year of Digital Tenacity involved a poll of 400 senior business leaders in user organizations worldwide, […]
By Canadian Underwriter | April 21, 2016
2 min read
An international capital standard for global systemically important insurers is “probably not going to have much of an impact on the Canadian p&c industry,” an official with the Office of the Superintendent of Financial Institutions suggested recently, but Canadian insurers “will likely need to change some of their business practices to conform to the new […]
By Jason Contant | April 20, 2016
5 min read
More than four in 10 (42% of) polled insurance companies “recognize the critical importance of cultural integration and of hiring and retaining employees to the overall success of a deal,” according to a survey of senior insurance executives conducted by Willis Towers Watson (WTW) M&A Risk Consulting in conjunction with Mergermarket. The research shows that […]
By Canadian Underwriter | April 19, 2016
Leaders of the United Nations, the World Bank Group and the global insurance industry on Monday announced the formation of the Insurance Development Forum (IDF), which occurred at a high level meeting in Washington, DC, last week. The IDF has two aims: to incorporate insurance industry risk measurement know-how into existing governmental disaster risk reduction […]
By Canadian Underwriter | April 18, 2016
4 min read
The Toronto Insurance Conference (TIC) is now accepting applications for the fourth year of its university scholarships program. Founded in 2013 and managed by the Insurance Institute of Ontario, the TIC Scholarships Program offers financial assistance for up to three $5,000 scholarships to applicants sponsored by TIC brokers, partners and staff, as well as other […]
The job of data scientist, which combines information technology, statistical analysis and other disciplines to interpret trends from data, has been rated as the best job of 2016 by U.S. job search website CareerCast.com. Professions in mathematics top the 28th annual Jobs Rated report, including the role of data scientist, which was only added to […]
By Canadian Underwriter | April 14, 2016
SAN DIEGO – RIMS, the risk management society, issued a new executive report Tuesday that explores how a formal risk appetite and risk tolerance statement “can become a powerful strategic tool for not only managing risk, but also for maintaining an effective balance between risk and reward.” “Aligning these statements with strategy has sparked a […]
By Jason Contant | April 12, 2016
SAN DIEGO – It is important for risk managers in the mining sector to understand the most critical scenarios for their companies and to analyze the true impacts of cyber incidents, suggests Günter Becker, head of mining for Munich Re. “The problem for risk managers is the ability to get their arms around such a […]
SAN DIEGO – William McGannon, a risk management pioneer who had a resounding impact on Canada’s risk management profession, is among the two latest members of the Risk Management Hall of Fame (RMHF). McGannon – long-time employee of NOVA Chemical Corporation, frequent lecturer and regular RIMS conference presenter – and David Mikulina, retired vice president […]
SAN DIEGO — Catastrophe modelling firm AIR Worldwide has launched what it calls the first open source deterministic cyber risk scenario, a move meant to help individual companies and the insurance industry as a whole better understand aggregated risk from large-scale cyber attacks. Used in conjunction with the company’s data schema, cyber scenarios “will serve […]
By Canadian Underwriter | April 11, 2016
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