Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
Insurance Bureau of Canada attempted to respond to a recent piece on the Fort McMurray Alberta rebuild following the fire in 2016. The magazine has not printed the response. The following is IBC’s position. The recent article by Nicholas Köhler…
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Some of my Ontario readers might be wondering what is happening in B.C. and their auto insurance reforms.When the NDP government was formed, they inherited quite a mess. Auti insuracne costs were rising rapidly and rates increases had not kept up. The …
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Today the economy is strong and your business is doing well. But are you prepared for when this strength turns to weakness? Enterprise risk management has been proven to help companies survive a recession. While there is much debate over…
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When it comes to Property and Casualty (P&C) brokerage consolidation activity, I think most industry participants would say that it has primarily been driven by underwriters. Their low cost of capital and desire to protect premium revenue has led to…
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It’s been a long time since I last posted on this blog, but to be honest not much has happened with respect to Ontario Auto Insurance.Last spring I wrote about the factors that were actually driving up the cost of auto insurance i.e., distracted d…
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There’s an undeniable shift occurring in the business world right now. In fact, it’s been forming since 2007. I’ve coined the phrase the See-Through Economy to encapsulate the shift towards transparency and accountability brought on by new technology and social…
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Scandals, predictions, and insights, oh my! We’ve covered a lot of ground this year in the risk management world. But what were the topics people were buzzing about most? With over 50 blogs posted in 2018 alone, there was a…
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Last Friday, Marriott disclosed that the data of about 500 million guests had been exposed as a result of a hack that dates all the way back to 2014. In 2014, hackers exploited the reservation system of Starwood Hotels and…
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In some years, it’s water. In others, it’s wildfire or hail. This year, it was extreme wind that stood out as a major driver of insured catastrophic loss in Canada. Indeed, just two events – the May 4 Southern Ontario/Quebec…
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On Nov. 29, the LogicManager community arrived at Hotel Commonwealth in the historic Fenway district of Boston for sold-out IMPACT 2018. Every year, LogicManager hosts a customer conference where users of the ERM software can learn, share, and grow their…
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The following letter to the Editor was submitted to the St. John’s (Newfoundland) Telegram in response to a column on auto insurance on November 21 by Brian Jones. Amanda Dean, Vice-President, Atlantic, for Insurance Bureau of Canada offered this response…
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It is somewhat understandable why most Canadians seem to know virtually nothing about how building codes work in this country. After all, a person might only really be exposed to code-related issues if they were having a new home built…
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Lately, we have all been hearing and reading a lot about InsureTech. Frankly, I have to admit that I don’t exactly understand what the term means. What I do understand is that underwriters, brokers and direct writers have invested millions…
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Gartner’s 2018 Magic Quadrant for Integrated Risk Management positions LogicManager highest for ability to execute and identifies a shift in focus by end-user organizations from compliance-based GRC to IRM solutions. The Gartner report states that “IRM goes beyond traditional, compliance-driven…
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