A combination of relaxed underwriting, enhanced digital channels and coverage extensions reflect measures being introduced by many Canadian Life Insurance companies. Certain large carriers are temporarily expanding their risk tolerance by relaxing certain underwriting requirements. Many carriers are accelerating improved electronic delivery options and expanding digital processes ( a much welcomed development ). Some carriers […]
Tuesday Talks with Brian Etherington: Risk Management-Ancient Origins & Modern Application
October 30, 2017
The transference or distribution of risk had its origins from Chinese and Babylonian sea traders in the 3rd Millennia BC who would redistribute their cargo across many vessels to mitigate loss from the sinking of any one vessel. 1,000 years later the merchants of Rhodes created the principle of “General Averages” whereby a premium would […]
