RIMS Canada Council Backs Insurance Bureau of Canada's Call for Advancing Risk Management Knowledge and Practices
NEW YORK (June 15, 2021) – In response to a report issued by the Insurance Bureau of Canada National Commercial Insurance Task Force (IBC), the RIMS Canada Council (RCC) voiced its approval for recommendations for more risk management education for consumers, as well as for organizations to strengthen risk management strategies.
Risk leaders representing the RCC took part in a series of roundtable discussions held by the IBC to discuss the challenging insurance market in Canada. The report focused on several key business sectors that have been significantly impacted by the market and COVID-19 including: Condominium/Strata; Trucking; Hospitality and Non-Profit.
“In addition to the complexities brought on by COVID-19, organizations across the country and across many sectors are grappling with the challenges of a hard insurance market,” said RCC Chair Steve Pottle, CIP, RIMS-CRMP. “Advocating for our members is at the heart of the RIMS mission and we couldn’t be more pleased to see IBC’s recommendations that include: mandating risk management education, encouraging the development of more consumer-friendly risk management information and that emphasize the importance of a cohesive risk management strategy.
“The RCC will continue to act as a champion for Canadian risk professionals, ensuring our members’ voices and perspectives are heard. We welcome the opportunity to collaborate with the IBC further and help develop both solutions and opportunities that enable businesses to navigate today’s insurance market.”
The RCC is a standing committee of RIMS, the risk management society®. Lead by representatives from its 10 Canadian Chapters, the group is dedicated to uniting the country’s risk management community, delivering risk management education and opportunities, facilitating the exchange of ideas and advocating for its members. Each year, the RCC holds the RIMS Canada Conference, the second largest annual risk management conference in the world. This year’s conference will be virtual and is slated for October 5th and 6th. More details about the event will be available in the coming months. To learn more about the RCC, its resources and upcoming events, visit www.rimscanada.ca.
Established in 1964, Insurance Bureau of Canada is the national industry association representing Canada’s private home, auto and business insurers. The Insurance Bureau of Canada’s National Commercial Insurance Task Force is available here.
RIMS, the risk management society®, is a global not-for-profit committed to advancing the practice of risk management throughout the world. We bring networking, professional development, certification, and education opportunities to our membership of 10,000 risk management professionals in over 60 countries. Founded in 1950, the Society represents more than 3,500 industrial, service, nonprofit, charitable, and government entities throughout the world. To access RIMS Risk Knowledge resource library and for additional information about the Society, visit www.RIMS.org.
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