Insurance Institute of Canada 2015/2016 Annual Report
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2015/2016 The Insurance Institute of Canada Annual Report Organization and Aims Insurance Institutes are a uniform standard of insurance Local Institutes provide local the educational bodies for the education and examinations. facilities to students; arrange property and casualty business. classroom instruction and study The Institute sets the syllabus of groups; supervise arrangements studies, produces the appropriate The first Institute was started in for holding the examinations; Canadian texts, conducts distance Toronto in 1899. Others followed maintain libraries of insurance -learning courses, holds national in Montréal, Winnipeg, and textbooks available on loan to examinations, and elects graduates. Vancouver. Local Institutes are members; support graduates’ now established in all provinces. The Institute sponsors a societies and public speaking competition for original essays, clubs; promote seminars, In 1952, all Institutes joined in works of research, papers, or workshops, and research projects association with The Insurance articles on subjects related to to further efficiency and progress Institute of Canada to establish property and casualty insurance. in general insurance. Article V Rights, Duties and the Institute and profession as Institute graduates shall treat Responsibilities of Membership the case may be. as confidential any information, documents, or papers relating Fellow Chartered Insurance Institute graduates shall not violate to the business affairs of their Professionals, Chartered Insurance any law or regulation duly enacted employer or client and shall Professionals, Honorary Chartered by any governmental body whose not disclose or produce such Insurance Professionals, Fellows authority has been established by information, documents or and Associates (hereinafter law, and no Institute graduates papers, without the consent of referred to as Institute graduates) shall knowingly lend themselves, the employer or client concerned, shall be bound by the terms and except as required to do so by law. their names or their services to conditions of the following Code of any unlawful act of their employer Institute graduates shall use due Ethics and attendant Disciplinary or client. diligence to ascertain the needs of Procedures. Additionally, any their client or principal and shall other Member shall not be eligible Institute graduates shall not not undertake any assignment for election as a Fellow Chartered willfully misrepresent or conceal if it is apparent that it cannot be Insurance Professional or material fact in insurance and risk performed by them in a proper Chartered Insurance Professional management business dealings in and professional manner. should they be found to be in breach violation of any duty or obligation. of the following Code of Ethics. Institute graduates shall not fail Institute graduates shall not sign to use their full knowledge and Code of Ethics: or associate themselves with ability to perform their duties to their client or principal. Institute graduates shall, in any letter, report, statement or exercising their professional representation, which they know In all dealings graduates shall responsibilities, and in all is false or misleading, or which conduct themselves with dignity professional matters, subordinate is prepared in a manner, which and shall avoid conduct, which personal interests to those of the might tend to be misleading or to would discredit the profession public, the client or employer or misrepresent the actual situation. of insurance or the Institute. Contents Subscribing National Companies 2016 3 Board of Governors 2015–2016 4 Board of Governors 2016–2017 5 Board of Governors Annual General Meeting October 2016 6 Chair's Address to the 63rd Annual General Meeting 7 Reports Academic Council Report 11 National Prizewinners 2015–2016 19 Registration Statistics CIP Program 22 Registration Statistics CIP and FCIP Programs 23 Registration Statistics Fellowship Program—New Track 24 Professionals’ Council Report 25 Treasurer’s Report 40 Independent Auditor’s Report 41 Regional Reports Western Regional Report 60 Ontario Regional Report 64 Québec Regional Report 67 Atlantic Regional Report 70 Minutes of the 63rd Annual General Meeting of the Insurance Institute of Canada 73 Award of Merit Recipients 78 Honorary Chartered Insurance Professionals 80 Past Chairs 81 Adjunct Faculty 83 Authors and Consultants 2015–2016 84 Tutors and Markers 2015–2016 84 CIP Instructors 2015–2016 85 Graduating Fellows (FCIP) and Continuing Education Graduates 87 Graduating Chartered Insurance Professionals (CIP) 89 Associated Local Institutes and Chapters 98 Peter G. Hohman, MBA, FCIP, ICD.D Administrative Offices President and 18 King Street East, 6th Floor Chief Executive Officer Toronto, Ontario, M5C 1C4 2015 – 2016 Annual Report 2 Subscribing National Companies 2016 AIG Canada Ledor Assurances Algoma Mutual Insurance Company Promutuel du Littoral Allstate Insurance Company of Canada Lloyd’s Underwriters Antigonish Farmers’ Mutual Insurance Company Lotbinière, S.M.A.G. Aon Re Canada Manitoba Public Insurance Corporation Aon Reed Stenhouse Inc. Mennonite Mutual Fire Insurance Company Promutuel Appalaches - St-François Promutuel Montmagny-L’Islet Aviva Canada Inc. Munich Reinsurance Company of Canada Ayr Farmers’ Mutual Insurance Company North Blenheim Mutual Insurance Company Bay of Quinte Mutual Insurance Company North Kent Mutual Fire Insurance Company Bertie & Clinton Mutual Insurance Company Northbridge Financial Corporation Boiler Inspection & Insurance Company of Canada Old Republic Insurance Company of Canada Promutuel Bois-Francs, S.M.A.G PAFCO Insurance Company Promutuel Assurance Boréale Partner Reinsurance Company of the U.S. La Capitale, Compagnie d’Assurance Générale Peace Hills General Insurance Company Chubb Corp. P.E.I. Mutual Insurance Company CNA, Canadian Operations Pembridge Insurance Company Co-operators General Insurance Company/Group The Portage La Prairie Mutual Insurance Co. Crawford & Company (Canada) Inc. Promutuel Prairie-Valmont The CUMIS Group Limited RBC General Insurance Company C.U.R.I.E. Red River Mutual Desjardins Groupe d’assurances générales RSA Canada Group Promutuel Drummond, S.M.A.G. Promutuel Rouyn-Noranda-Témiscamingue Dufferin Mutual Insurance Company Saskatchewan Government Insurance Canada Ecclesiastical Insurance Office plc Saskatchewan Mutual Insurance Company The Economical Insurance Group Scor Canada Reinsurance Company ENCON Group Inc. SGI Canada Insurance Services Ltd. Erie Mutual Fire Insurance Company Le Groupe Estrie-Richelieu Sirius America Insurance Company Promutuel de L’Estuaire South Easthope Mutual General Reinsurance Corporation SSQ, Société d’Assurances Générales Germania Mutual Insurance Company TD Insurance Gore Mutual Insurance Company The Toa Reinsurance Company of America The Guarantee Company of North America Travelers Canada Hay Mutual Insurance Company Promutuel La Vallée, S.M.A.G. Heartland Farm Mutual Promutuel Vaudreuil-Soulanges Intact Insurance Company The Wawanesa Mutual Insurance Company Kent & Essex Mutual Insurance Company Westminster Mutual Insurance Company Kernaghan Adjusters Limited Wynward Insurance Group The Kings Mutual Insurance Company Yarmouth Mutual Fire Insurance Company L & A Mutual Insurance Company Zurich Canada 3 The Insurance Institute of Canada Board of Governors 2015–2016 Chair J.R. (Bob) Tisdale, MBA, FCIP, CRM. ICD.D Pembridge and Pafco Insurance Companies Deputy Chair Jean-François Blais, F.C.A.S., F.C.I.A. Intact Insurance Past Chair T. Neil Morrison, BA (Hons) Toronto, Ontario Governor-at-Large Lynn Oldfield, MBA, FCIP, CRM AIG Canada Regional Vice Chairs: Western Provinces Robert Katzell, BA, LLB Edmonton, Alberta Ontario Tim Shauf, BA, CIP The Commonwell Mutual Insurance Group Québec Chantal Gagnon, MBA, FPAA Intact Insurance Atlantic Provinces Kathy Stewart, CIP Hyndman & Company Divisional Vice Chair Academic Michael Wills, FCIP Eagle Underwriting Group Inc. Professionals’ Julie Pingree, BA, CIP RSA Canada Governors: Chad Shurnaik, B.Comm., FCIP, CRM Peace Hills General Insurance David Sorensen, BA (Hons), FCIP Government of Alberta Mark Rouleau, FCIP, CRM Aviva Canada Nathalie Wright, CIP The Co-operators Jennifer Perry, CHRP, CPM HUB International Insurance Brokers Jan Brownridge, BA (Hons), FCIP, CRM Munich Reinsurance Company of Canada Dale Rogoza, CIP, CRM ClaimsPro Inc. Ian Frost, FCIP Wawanesa Mutual Insurance Joanne Hampson, FCIP Wawanesa Insurance Everett Porter, CIP Wawanesa Insurance Helen Smith, CIP The Co-operators Steve McQueen, BBA, CIP Burns & Wilcox Canada Moira Murphy, B.Comm.,FCIP Intact Insurance Paul Croft, CIP Aon Risk Solutions Tom Reikman, MBA, HBSc, CIP Economical Insurance Heather Masterson, BA, B.Ed., FCIP Travelers Canada Joan Wager, CIP, CAIB Hutcheson, Reynolds & Casewell Rocco Neglia, BA (Hons), CIP Economical Insurance Darlene Diplock, CIP, CAIB Hub International Enrico Mastrangeli, HBA, CRM, FCIP The Commonwell Mutual Insurance Group Corinne McIntosh, CIP, CRM ENCON Group Inc. Anna McCrindell, BA, FCIP Gore Mutual Insurance Company Simon Charbonneau, FPAA, CRM Intact Assurance François Jean, CIP, CRM Forum Risk and Insurance Mike Hordichuk, CIP Harvard Western Insurance Crystal Syrenne, CIP The Co-operators President and Chief Executive Officer Peter Hohman, MBA, FCIP, ICD.D 2015 – 2016 Annual Report 4 Board of Governors 2016–2017 Chair Jean-François Blais, F.C.A.S., F.C.I.A. Intact Insurance Deputy Chair Lynn Oldfield, MBA, FCIP, CRM AIG Canada