The document summarizes the key points from an RMA Insurance Roundtable discussion on risk management that took place on June 5, 2009 in Mississauga, Ontario. Some of the main topics discussed include:
- The increasing importance of enterprise risk management (ERM) and moving away from siloed risk management approaches.
- Expectations of increased regulation, particularly around systemic risks.
- Key risk management focus areas like governance, liquidity, product development, and counterparty risk.
- International regulatory reforms being discussed through organizations like the Financial Stability Board and the need for stronger risk management practices.
This new and highly unique Central Counterparty (CCP) interoperability training course seeks to provide attendees with comprehensive training in the latest cutting-edge areas pertaining to CCP interoperability arrangements. The training course seeks to draw from a broad range of sources in order to ensure that attendees are expertly guided through all the latest legal, financial, operational, and technological issues governing CCP interoperability arrangements throughout the European Union (EU).
The training course will not only cover existing legal frameworks under the European Market Infrastructure Regulation (EMIR), but also best practices governing interoperability arrangements. It will identify the range of advantages and operational risks relating to interoperability and will also benchmark financial instruments markets in order to review the feasibility of implementing interoperability arrangements in those markets.
The harmonisation and standardisation of interoperability arrangements has been proposed by industry participants as a way forward for implementing effective interoperability arrangements. The course will propose what a European Convention on CCP Interoperability might look like in practice, and how Distributed Ledger Technology (DLT) Platforms could facilitate more efficient and effective interoperability arrangements in the future.
This new and highly unique Central Counterparty (CCP) interoperability training course seeks to provide attendees with comprehensive training in the latest cutting-edge areas pertaining to CCP interoperability arrangements. The training course seeks to draw from a broad range of sources in order to ensure that attendees are expertly guided through all the latest legal, financial, operational, and technological issues governing CCP interoperability arrangements throughout the European Union (EU).
The training course will not only cover existing legal frameworks under the European Market Infrastructure Regulation (EMIR), but also best practices governing interoperability arrangements. It will identify the range of advantages and operational risks relating to interoperability and will also benchmark financial instruments markets in order to review the feasibility of implementing interoperability arrangements in those markets.
The harmonisation and standardisation of interoperability arrangements has been proposed by industry participants as a way forward for implementing effective interoperability arrangements. The course will propose what a European Convention on CCP Interoperability might look like in practice, and how Distributed Ledger Technology (DLT) Platforms could facilitate more efficient and effective interoperability arrangements in the future.
Given the current regulatory environment and the resulting changes going on in the industry today, the chief risk officer has become the most important person in the financial institution.
WolfPAC Solutions Group Director Michael Cohn interviewed chief risk officers at financial institutions across the country to find out how they became a CRO, what skills and experience they bring to the role, and what is expected of them now.
Enterprise risk management is not just a process credit unions utilize to mitigate and manage the negative consequences of normal business operations, it is a practice of balancing risk and profitability. By understanding and managing the critical uncertainties that affect day-to-day business, credit unions can execute the proper strategies to achieve their performance goals in a post-financial crisis era. In this 2011 NAFCU Annual Conference session you learn how to apply ERM to your corporate strategies, assure management that risks are properly identified and balance risk management and business objectives.
Presented by Radu Miclaus, Senior Analytics Solution Architect, SAS Institute, Inc.
More info at http://www.nafcu.org/sas
Heading into 2020, The Risk Management Association is focusing on eight risks. Learn about the top risks the financial services industry faces and how you can address them.
Presentation discussing the importance of reserves, how they should be used, ways to predict risk, and strategies for enhancing - Tate Tryon CPAs - Nonprofit CPA Firm
The GARP Buy Side Risk Managers Forum published Risk Principles for Asset Managers, a statement of best-practices guidelines prepared by senior risk management executives of leading investment firms. The Risk Principles document is updated and enhanced from a previous version published in 2008.
Risk-based capital and governance in Asia-Pacific: emerging regulationsEY
The global insurance industry is undergoing significant regulatory change, with regulators in the more developed markets endeavouring to synchronize their efforts. Similar occurrences can be observed in the Asia-Pacific region, where a number of countries are reviewing and undergoing changes in their approach to insurance regulation and holistic risk management. Most notably, a number of regulators are either introducing risk-based capital (RBC) or revisiting their existing RBC frameworks. The maturing regulatory approaches in Asia-Pacific will be a significant factor in managing systematic risk and enhancing policyholder protection.
Asia-Pacific is different. While the proposed RBC framework in Asia-Pacific may have similarities with the European Solvency II standard, there is wide disparity in the level of sophistication and application. Many of the changes are being driven by local market nuances, such as characteristics of the insurance products being sold and maturity of the insurers who operate in the various jurisdictions.
For example, Australia has recently implemented its second-generation solvency regime. Singapore and Thailand are consulting with the industry on second-generation RBC frameworks, while others such as China and its Hong Kong SAR are considering moving in that direction. These moves are particularly encouraging in providing a regulatory framework that will allow for a degree of consistency, especially for those insurers who have multiple offices across the region.
Given the current regulatory environment and the resulting changes going on in the industry today, the chief risk officer has become the most important person in the financial institution.
WolfPAC Solutions Group Director Michael Cohn interviewed chief risk officers at financial institutions across the country to find out how they became a CRO, what skills and experience they bring to the role, and what is expected of them now.
Enterprise risk management is not just a process credit unions utilize to mitigate and manage the negative consequences of normal business operations, it is a practice of balancing risk and profitability. By understanding and managing the critical uncertainties that affect day-to-day business, credit unions can execute the proper strategies to achieve their performance goals in a post-financial crisis era. In this 2011 NAFCU Annual Conference session you learn how to apply ERM to your corporate strategies, assure management that risks are properly identified and balance risk management and business objectives.
Presented by Radu Miclaus, Senior Analytics Solution Architect, SAS Institute, Inc.
More info at http://www.nafcu.org/sas
Heading into 2020, The Risk Management Association is focusing on eight risks. Learn about the top risks the financial services industry faces and how you can address them.
Presentation discussing the importance of reserves, how they should be used, ways to predict risk, and strategies for enhancing - Tate Tryon CPAs - Nonprofit CPA Firm
The GARP Buy Side Risk Managers Forum published Risk Principles for Asset Managers, a statement of best-practices guidelines prepared by senior risk management executives of leading investment firms. The Risk Principles document is updated and enhanced from a previous version published in 2008.
Risk-based capital and governance in Asia-Pacific: emerging regulationsEY
The global insurance industry is undergoing significant regulatory change, with regulators in the more developed markets endeavouring to synchronize their efforts. Similar occurrences can be observed in the Asia-Pacific region, where a number of countries are reviewing and undergoing changes in their approach to insurance regulation and holistic risk management. Most notably, a number of regulators are either introducing risk-based capital (RBC) or revisiting their existing RBC frameworks. The maturing regulatory approaches in Asia-Pacific will be a significant factor in managing systematic risk and enhancing policyholder protection.
Asia-Pacific is different. While the proposed RBC framework in Asia-Pacific may have similarities with the European Solvency II standard, there is wide disparity in the level of sophistication and application. Many of the changes are being driven by local market nuances, such as characteristics of the insurance products being sold and maturity of the insurers who operate in the various jurisdictions.
For example, Australia has recently implemented its second-generation solvency regime. Singapore and Thailand are consulting with the industry on second-generation RBC frameworks, while others such as China and its Hong Kong SAR are considering moving in that direction. These moves are particularly encouraging in providing a regulatory framework that will allow for a degree of consistency, especially for those insurers who have multiple offices across the region.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Digital Transformation in PLM - WHAT and HOW - for distribution.pdf
Regulatory discussion v2012
1. RMA Insurance Roundtable June 5, 2009
RBC Mississauga
Facilitated by : Anthony Gagnon
Executive Consultant
jagagnon@bell.net
2. Risk management more critical than ever
ERM is in, «siloed» approaches out
ERM implies management across business lines and
integrating all risk categories in a strategic view
More regulation coming, not less, with some regulation of
systematically important shadow markets
Risk management emphasis :
Governance
Liquidity
Economic capital and procyclicality
Product development risk and suitability
Counterparty risk
Reputation and moral hazard
2
3. Strong and independent risk management
will be required
Strengthening of resiliency of critical
payment and settlement systems
Capital will remain key for financial
institutions, expect higher minimum
requirements
Macro-prudential (systemic risk) focus for
supervisors
3
4. Establish Financial Implement new
Stability Board principles on executive
Extend oversight to all compensation
systemically important Improve and
institutions and harmonize accounting
markets standards
Reform the credit Improve quality and
rating agencies quantity of capital
environment
Identify and respond to
macro-prudential risks
Learn More at : ERM Symposium April 2009, Risk and Regulation at
Financial Institutions: New Directions, Cathy Lemieux, Federal reserve of Chicago
4
5. Systematic risk
Eliminating supervisory gaps
Emphasizing consumer protection (product
suitability)
International coordination
Handout available at :
http://www.ermsymposium.org/2009/pdf/handouts/2009-chicago-erm-karl.pdf
5
6. Canada is an active player in G-20 suggested reforms
Insurancy industry regulation is under discussion at
the Superintendant of Financial Institutions (OSFI)
In Quebec, proposed guidelines are expected to be
implemented by the end of 2011 covering :
Governance
Integrated risk management
Interest rate risk mangement
Liquidity risk
Compliance
Outsourcing
6
7. Establish and operate an ERM framework
Integrate the framework with the
strategies, operations and business cullture
Leadership and oversight should be a Board and
C-suite task
Proper ERM requires quantification of risks over
an adequate range of potential outcomes
7
8. Risk measurement must be built on reliable
data, description of risks and their explanation
Establish and perform an Own Risk and
Solvency Assessment (ORSA)
«An insurer should regularly perform its own risk and solvency assessment
(ORSA) to provide the board and senior management with an assessment of
the adequacy of its risk management and current, and likely future, solvency
position.
The ORSA should encompass all reasonably foreseeable and relevant
material risks including, as a minimum, underwriting, credit, market,
operational and liquidity risks. The assessment should identify the
relationship between risk management and the level and quality of financial
resources needed and available.»
8
9. I Quantification of risks and capital
II Governance and supervisory oversight
III Disclosure and transparency
Risk categories: credit, underwriting, market, liquidity
and operational risk
Principle of proportionality: sound and transparent
framework in relation to nature, size and complexity
Board accountability for framework, including
policies, and oversight
9
10. The minimum Continuing Capital and Surplus
Requirements (MCCSR) paper is capital
focused.
The paper nevertheless promotes :
Regulatory framework areas: financial
requirements, governance and market conduct
An attention to risks that cannot necessarily be
managed through financial requirements.
Reference : Federal : Canadian Vision for Life Insurer Solvency Assessment, November 2007
QC : Joint Committee (OSFI, AMF, Assuris) Framework for a New Standard Approach to setting Capital
Requirements, Draft for Comment, January 2008
10
11. Senior Supervisors Group
www.newyorkfed.org/newsevents/news/banking/2008/rp080306.html
President’s Working Group on Financial
Markets
www.treasury.gov/press/releases/hp871.htm
Financial Stability Forum
www.fsforum.org/publications/r_0804.pdf
ERM Symposium Chicago April
2009, handouts
http://www.ermsymposium.org/2009/handouts.php
11
12. Canada : OSFI
http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=363
Quebec : AMF
http://www.lautorite.qc.ca/reglementation/assurances-institutions-depot.en.html
MCCSR Advisory Committee (MAC):
The MAC is co-chaired by a member of the Canadian Institute of Actuaries (CIA) and a
representative of the Office of the Superintendent of Financial Institutions (OSFI). Its
members are senior representatives from the Canadian Life and Health Insurance
Association (CLHIA), CIA, Assuris, the Autorité des marchés financiers (AMF), and OSFI, as
well as representatives from large and small insurers and the reinsurance industry.
Canadian vision for life insurer solvency assessment, November 2007
http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/guidelines/capital/guidelines/mac_e.pdf
Solvency Advisory Committe/AMF, Framework for a New Standard Approach to setting
Capital Requirements, Draft for Comment, January 2008
http://www.lautorite.qc.ca/userfiles/File/Consultations/solvency-committee-4.pdf
12
13. Proposed enhancements to the Basel II
framework
Range of practices and issues in economic
capital frameworks (mars 2009)
Amended Proposal for a DIRECTIVE OF THE
EUROPEAN PARLIAMENT AND OF THE
COUNCIL on the taking-up and pursuit of the
business of Insurance and Reinsurance
(SOLVENCY II) Brussels February 2008
13
14. Credit risk transfer – developments from 2005 to
2007, July 2008
Credit risk transfer, March 2005
Cross-sectoral review of group-wide
identification and management of risk
concentrations, Avril 2008
Customer suitability in the retail sale of financial
products and services, April 2008
Financial disclosure in the banking, insurance
and securities sectors: issues and analysis, May
2004
The Joint Forum members are: supervisors for banks (BCBS)and insurers (IAIS);
securities regulators IOSCO
14
15. High-level principles for business continuity, August
2006
Initiatives by the BCBS, IAIS and IOSCO to combat
money laundering and the financing of terrorism, June
2003
Operational risk transfer across financial
sectors, August 2003
Outsourcing in Financial Services, February 2005
Regulatory and market differences: issues and
observations, May 2006
The management of liquidity risk in financial
groups, May 2006
Trends in risk integration and aggregation, August
2003
15
16. Issues paper on group-wide solvency assessment
and supervision (5 mars 2009)
Standard on enterprise risk management for
capital adequacy and solvency purposes (October
2008)
Standard on the use of internal models for
regulatory capital purposes (October 2008)
Standards on disclosures concerning technical
performance and risks for non-life insurers and
reinsurers (October 2004)
Glossary of Terms (February 2007)
16
17. The Canadian banking and insurance sector is dominated by a small number of
large and relatively stable players. It grew with little government intervention
until the collapse of Home Bank in the early 1920s. Ottawa then created the
Office of the Inspector General of Banks to regulate the sector with an entire
staff that could be counted on one hand. The Office of the Superintendant of
financial Institutions, known as OSFI, was created when OIGB merged with the
insurance regulator in 1987. It has since been steadily growing both its employee-
count, now standing at approximately 500, and its oversight of the industry.
OSFI continues to be more focused on the principles of sound management than
on rules. The Canadian approach is closer to the British than our southern
neighbor.
17
18. There are more than 7,000 commercial banks in the United States of which 10 to
20 could be considered to dominate the market. Financial institutions are
overseen by numerous federal and state regulators. They sometimes
overlap, leaving holes. Depending on their type, size and location, U.S. financial
institutions could be subject to a number of regulators, from the Federal Reserve
Board and, through it, the Federal Reserve Banks (which preside over about 900
state banks and roughly 5,000 bank holding companies), to the Federal Deposit
Insurance Corporation (which supervises state banks that are not members of the
Federal Reserve System), to the Comptroller of the Currency and the Office of
Thrift Supervision , etc. A Canadian Bank Executive was recently quoted as saying
their U.S. operations can have as many as 17 «inspectors» at any time.
18
19. With a career spanning more than thirty years, Anthony Gagnon offers value
added expert advice and contractual interim executive services in the areas of
finance, strategy, risk management and business unit structuring. From 2003 to
now, the majority of mandates have been in policy writing and framework
design and implementation of Basel II operational risk programs and initiatives:
general framework, business continuity, outsourcing, trust company fiduciary
risks, etc.
Typical mandates require acting on behalf of an Executive, the project sponsor, in
executing project requirements. Sponsoring Executives retain full ownership, are
involved on an on-going basis and expertise is transferred to the internal team by
the agreed delivery date.
Anthony also works on a sub-contract basis or as partner with reputable firms in
major projects requiring teams and multi-disciplinary resources.
Anthony is currently working with Desjardins General Insurance Group
19
21. Desjardins General
Insurance Group
1.8 million policies and 4 subsidiaries: 2 individual insurance companies
premium volume of (Desjardins General Insurance and Certas Direct)
$1,429 million and 2 group insurance companies (under The
Personal banner)
Underwriting profit
for the 15th year
Operates many call centres renowned as being
in a row among the most efficient in North America
Client/member satisfaction:
Assets: 95% policy renewal rate
$3.1 billion Expertise in risk and client segmentation
and rates management
Net earnings: Some 2,000 agents, experts and client service
$126 million representatives in various client call centres in
(Data as at December 31, 2007) Québec and Ontario
21