2013/2014 The Insurance PROFESSIONAL DESIGNATIONS The Insurance Institute of Ontario th Chartered Insurance Professional (CIP) 18 King Street East, 16 Floor Toronto, ON M5C 1C4 Institute of Canada Fellow Chartered Insurance Professional (FCIP) Toll-free: 1.866.362.8585 Phone: 416.362.8586 CERTIFICATE PROGRAMS Fax: 416.362.1126 Advanced CIP www.insuranceinstitute.ca [email protected] Annual Report ACORD Certified Expert Adjusters’ Training & Education Series Associate Customer Service General Insurance Essentials (GIE) Instructor Certification Rehabilitation Benefits Administration Risk Management Certificate INSURANCE LICENSING & CE CREDITS Brokers & Agents Independent Adjusters Life Licensing (LLQP/Accident & Sickness) PROFESSIONAL DEVELOPMENT Business/Management Insurance/Technical Interpersonal/Communications The Insurance Institute of Canada Annual Report 2013–2014 L’Institut d’assurance du Canada Rapport annuel 2013–2014 Organization and Aims Insurance Institutes are the educational The Institute sets the syllabus of studies, instruction and study groups; bodies for the property and casualty produces the appropriate Canadian texts, supervise arrangements for holding business. conducts distance-learning courses, the examinations; maintain libraries of holds national examinations, and elects insurance textbooks available on loan to The first Institute was started in Toronto graduates. members; support graduates’ societies in 1899. Others followed in Montreal, and public speaking clubs; promote Winnipeg, and Vancouver. Local Institutes The Institute sponsors a competition for seminars, workshops, and research are now established in all provinces. original essays, works of research, papers, projects to further efficiency and or articles on subjects related to property progress in general insurance. In 1952, all Institutes joined in association and casualty insurance. with The Insurance Institute of Canada to establish a uniform standard of insurance Local Institutes provide local facilities education and examinations. to students; arrange classroom Article V Rights, Duties and Responsibilities Institute graduates shall not violate any of their employer or client and shall not of Membership law or regulation duly enacted by any disclose or produce such information, governmental body whose authority has documents or papers, without the Fellow Chartered Insurance Professionals, been established by law, and no Institute consent of the employer or client Chartered Insurance Professionals, Honorary graduates shall knowingly lend themselves, concerned, except as required to do so Chartered Insurance Professionals, Fellows their names or their services to any by law. and Associates (hereinafter referred to unlawful act of their employer or client. as Institute graduates) shall be bound Institute graduates shall use due by the terms and conditions of the Institute graduates shall not willfully diligence to ascertain the needs of their following Code of Ethics and attendant misrepresent or conceal material fact in client or principal and shall not undertake Disciplinary Procedures. Additionally, any insurance and risk management business any assignment if it is apparent that other Member shall not be eligible for dealings in violation of any duty or it cannot be performed by them in a election as a Fellow Chartered Insurance obligation. proper and professional manner. Professional or Chartered Insurance Professional should they be found to be in Institute graduates shall not sign or Institute graduates shall not fail to breach of the following Code of Ethics. associate themselves with any letter, use their full knowledge and ability to report, statement or representation, perform their duties to their client or Code of Ethics: which they know is false or misleading, principal. or which is prepared in a manner which Institute graduates shall, in exercising might tend to be misleading or to In all dealings graduates shall conduct their professional responsibilities, and misrepresent the actual situation. themselves with dignity and shall avoid in all professional matters, subordinate conduct which would discredit the personal interests to those of the public, Institute graduates shall treat as profession of insurance or the Institute. the client or employer or the Institute confidential any information, documents, and profession as the case may be. or papers relating to the business affairs Contents Subscribing National Companies 2013 6 Board of Governors 2012 - 2013 7 Board of Governors 2013 - 2014 8 Photograph, Board of Governors - Annual General Meeting - October 2013 9 Chair’s Address to the 60th Annual General Meeting - October 2014 10 Reports Academic Division 12 National Prizewinners 2013 - 2014 18 Registration Statistics (CIP Program) 20 Professionals’ Council Report 23 Treasurer’s Report 35 Independent Auditor’s Report 36 Financial Statements 37 Regional Reports Western Regional Report 54 Ontario Regional Report 58 Quebec Regional Report 61 Atlantic Regional Report 63 Minutes of the 59th Annual General Meeting of The Insurance Institute of Canada 66 Award of Merit Recipients 69 Honorary Chartered Insurance Professionals 71 Past Chairs 72 Adjunct Faculty Authors and Consultants 2013 - 2014 74 Tutors and Markers 2013 - 2014 74 CIP Instructors 2013 - 2014 75 Graduating Fellows 77 Continuing Education Graduates 77 Graduating Chartered Insurance Professionals 79 Associated Local Institutes and Chapters 86 Peter G. Hohman, MBA, FCIP, ICD.D Administrative Offices President and 18 King Street East, 6th Floor Chief Executive Officer Toronto, Ontario, M5C 1C4 2013 – 2014 Annual Report 5 Subscribing National Companies 2014 Promutuel L’Abitibienne, S.M.A.G. Mennonite Mutual Fire Insurance Company AIG Canada Metro General Insurance Corporation Ltd. Alberta Motor Association Insurance Promutuel Montmagny-L'Islet Algoma Mutual Insurance Company Munich Reinsurance Company of Canada Allstate Insurance Company of Canada North Blenheim Mutual Insurance Company Antigonish Farmers' Mutual Insurance Company North Kent Mutual Fire Insurance Company Aon Re Canada North Waterloo Farmers Mutual Ins. Co. Aon Reed Stenhouse Inc. Northbridge Financial Corporation Promutuel Appalaches - St-François Old Republic Insurance Company of Canada Aviva Canada Inc. Oxford Mutual Insurance Company Ayr Farmers' Mutual Insurance Company PAFCO Insurance Company Bay of Quinte Mutual Insurance Company Partner Reinsurance Company of the U.S. Bertie & Clinton Mutual Insurance Company Peace Hills General Insurance Company Boiler Inspection & Insurance Company of Canada Peel Maryborough Mutual Insurance Company Promutuel Bois-Francs, S.M.A.G. P.E.I. Mutual Insurance Company La Capitale, Compagnie d'Assurance Générale Pembridge Insurance Company Cayuga Mutual Insurance Company The Portage La Prairie Mutual Insurance Co. Chubb Insurance Company of Canada Promutuel Prairie-Valmont CNA, Canadian Operations Red River Mutual Coachman Insurance Company Promutuel Riviere-du-Loup Co-operators General Insurance Company/Group Promutuel Rouyn-Noranda-Témiscamingue Crawford & Company (Canada) Inc. RSA Canada Group The CUMIS Group Limited Saskatchewan Government Insurance Canada C.U.R.I.E. Saskatchewan Mutual Insurance Company Dale Parizeau Morris MacKenzie Scor Canada Reinsurance Company Desjardins Groupe d'assurances générales SGI Canada Insurance Services Ltd. Promutuel Drummond, S.M.A.G. Sirius America Insurance Company Dufferin Mutual Insurance Company South Easthope Mutual Ecclesiastical Insurance Office plc SSQ, Société d'Assurances Générales ENCON Group Inc. State Farm Insurance Companies Erie Mutual Fire Insurance Company TD Insurance Le Groupe Estrie-Richelieu The Toa Reinsurance Company of America Promutuel de L'Estuaire Travelers Canada General Reinsurance Corporation L'Unique, Compagnie d'Assurance Générale Germania Mutual Insurance Company Promutuel La Vallée, S.M.A.G. Gore Mutual Insurance Company Promutuel Vaudreuil-Soulanges The Guarantee Company of North America Verchères, S.M.A.G. Hay Mutual Insurance Company The Wawanesa Mutual Insurance Company Intact Insurance Company Westminster Mutual Insurance Company Kent & Essex Mutual Insurance Company Yarmouth Mutual Fire Insurance Company Kernaghan Adjusters Limited Zurich Canada The Kings Mutual Insurance Company L & A Mutual Insurance Company Ledor Assurances Promutuel du Littoral Lloyd's Underwriters Lotbinière, S.M.A.G. Manitoba Public Insurance Corporation 6 The Insurance Institute of Canada Board of Governors 2013 – 2014 Chair Silvy Wright, BA (Hons), CA Northbridge Financial Corporation Deputy Chairman T. Neil Morrison, BA (Hons) HUB International HKMB/Ontario Limited, Ontario Past Chair Karen Barkley, MBA, CIP, CRM Elliott Special Risks Governor-at-Large J.R. (Bob) Tisdale, MBA, FCIP, CRM Pembridge and Pafco Insurance Companies Regional Vice Chairs Western Provinces Glenda Ouellette, BA, MBA, FCIP Insurance Corporation of British Columbia Ontario Donna Ince, CA, CIP RSA Canada Québec François Côté, FPAA, CRM Groupe Ledor, division Lévisienne-Orléans Atlantic Provinces Darrell Coates, CIP, CRM South Eastern Mutual Insurance Company Divisional Vice Chairs Academic Michael Wills, FCIP Ironshore Canada Ltd. Professionals’ Julie Pingree, BA, CIP RSA Canada Governors: George Klassen, FCIP, CRM The City of St. Albert Troy Bourassa, MBA, CIP Alberta Motor Association Insurance Company Kevin Callbeck, B.Comm, FCIP The Co-Operators Mark Rouleau, FCIP, CRM Aviva Canada Jan Brownridge, BA (Hons), FCIP, CRM Munich