2012/2013 The Insurance Institute of Canada Annual Report The Insurance Institute of Canada Annual Report 2012–2013 L’Inst itut d’assurance du Canada Rapport annuel 2012–2013 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 59th Annual General Meeting - October 2013 10 Reports Academic Division 13 National Prizewinners 2012 - 2013 20 Registration Statistics (CIP Program) 22 Professionals’ Council Reports 25 Treasurer’s Report 36 Auditor’s Report 37 Financial Statements 38 Regional Reports Western Regional Report 54 Ontario Regional Report 57 Quebec Regional Report 59 Atlantic Regional Report 61 Minutes of the 59th Annual General Meeting of The Insurance Institute of Canada 64 Award of Merit Recipients 68 Honorary Chartered Insurance Professionals 70 Past Chairs 71 Adjunct Faculty Authors and Consultants 2012 - 2013 73 Tutors and Markers 2012 - 2013 73 CIP Instructors 2012 - 2013 74 Graduating Fellows 76 Continuing Education Graduates 77 Graduating Chartered Insurance Professionals 78 Associated Local Institutes and Chapters Inside Back Cover Peter G. Hohman, MBA, FCIP, ICD.D Administrative Offices President and 18 King Street East, 6th Floor Chief Executive Officer Toronto, Ontario, M5C 1C4 2012 – 2013 Annual Report 5 Subscribing National Companies 2013 Promutuel L’Abitibienne, S.M.A.G. Promutuel du Littoral AIG Canada Lotbinière, S.M.A.G. Alberta Motor Association Insurance Mennonite Mutual Fire Insurance Company Algoma Mutual Insurance Company Metro General Insurance Corporation Ltd. Allstate Insurance Company of Canada Promutuel Montmagny-L’Islet Antigonish Farmers’ Mutual Insurance Company Munich Reinsurance Company of Canada Aon Re Canada North Blenheim Mutual Insurance Company Aon Reed Stenhouse Inc. North Kent Mutual Fire Insurance Company Promutuel Appalaches - St-François North Waterloo Farmers Mutual Ins. Co. Aviva Canada Inc. Northbridge Financial Corporation Ayr Farmers’ Mutual Insurance Company Old Republic Insurance Company of Canada Bay of Quinte Mutual Insurance Company Oxford Mutual Insurance Company Bertie & Clinton Mutual Insurance Company P.E.I. Mutual Insurance Company Boiler Inspection & Insurance Company of Canada Partner Reinsurance Company of the U.S. Promutuel Bois-Francs, S.M.A.G. Peace Hills General Insurance Company C.U.R.I.E. Peel Maryborough Mutual Insurance Company La Capitale, Compagnie d’Assurance Générale The Portage La Prairie Mutual Insurance Co. Cayuga Mutual Insurance Company Promutuel Prairie-Valmont Chubb Insurance Company of Canada RSA Canada Group CNA, Canadian Operations Red River Mutual Coachman Insurance Company Promutuel Riviere-du-Loup Co-operators General Insurance Company/Group Promutuel Rouyn-Noranda-Témiscamingue Crawford and Company (Canada) Inc. Saskatchewan Government Insurance Canada The CUMIS Group Limited Saskatchewan Mutual Insurance Company Cunningham Lindsey Canada Limited Scor Canada Reinsurance Company Dale Parizeau Morris MacKenzie SGI Canada Insurance Services Ltd. Desjardins Groupe d’assurances générales Sirius America Insurance Company The Dominion of Canada General Insurance Co. South Easthope Mutual Promutuel Drummond, S.M.A.G. SSQ, Société d’Assurances Générales Dufferin Mutual Insurance Company State Farm Insurance Companies Ecclesiastical Insurance Office plc Swiss Reinsurance Company Ltd. The Economical Insurance Group TD Insurance ENCON Group Inc. The Toa Reinsurance Company of America Erie Mutual Fire Insurance Company Towers Watson Canada Inc. Le Groupe Estrie-Richelieu L’Unique, Compagnie d’Assurance Générale Promutuel de L’Estuaire Promutuel La Vallée, S.M.A.G. General Reinsurance Corporation Promutuel Vaudreuil-Soulanges Germania Mutual Insurance Company Verchères, S.M.A.G. Glengarry Mutual Insurance Company The Wawanesa Mutual Insurance Company Gore Mutual Insurance Company Westminster Mutual Insurance Company The Guarantee Company of North America Yarmouth Mutual Fire Insurance Company Hay Mutual Insurance Company Zurich Canada Intact Insurance Company Kent & Essex Mutual Insurance Company Kernaghan Adjusters Limited The Kings Mutual Insurance Company L & A Mutual Insurance Company Lanark Mutual Insurance Company 6 The Insurance Institute of Canada Board of Governors 2012 – 2013 Chairman Maurice Tulloch, BA (Econ), MBA, CMA Aviva Canada Inc., Ontario Deputy Chair Silvy Wright, BA (Hons.), CA Northbridge Financial Corporation, Ontario Past Chair Karen Barkley, MBA, CIP, CRM Specialty Risk Underwriters Inc., Ontario Membership-at-Large T. Neil Morrison, BA (Hons.) HUB International HKMB / Ontario Limited, Ontario Regional Vice Chairs Western Provinces Ted Teterenko, MBA, FCIP Manitoba Public Insurance, Manitoba Ontario Randy Bushey, CIP Ontario Québec François Côté, FPAA, CRM Groupe Ledor, division Lévisienne-Orléans, Québec Atlantic Provinces Mary Lou Loder, FCIP The Co-operators, Newfoundland Divisional Vice Chairs Academic Michael Wills, FCIP Ironshore Canada Ltd., Ontario Professionals’ J.R. (Bob) Tisdale, MBA, FCIP, CRM Pembridge Insurance Company, Ontario Governors: William Doig, BSc, FCIP The Economical Insurance Group, Alberta George Klassen, FCIP, CRM The City of St. Albert, Alberta Kevin Callbeck, BComm, FCIP The Co-operators, Alberta Mark Rouleau, FCIP, CRM Aviva Canada, Alberta Pierre Chavigny, CIP, CRM Claimspro, British Columbia Jan Brownridge, BA (Hons), FCIP, CRM Munich Reinsurance Company of Canada, British Columbia Sylvia Bernat, FCIP, CRM Intact Insurance Company, British Columbia Wayne Budge, CIP Federated Insurance, Manitoba Barbra Kania, FCIP Aviva Canada, Manitoba Patricia Buckley, FCIP Cunningham Lindsey, New Brunswick Everett Porter, CIP Wawanesa Insurance, New Brunswick David I. Woolley, FCIP, CRM Atlantic Insurance Company Limited, Newfoundland Steve McQueen, BBA, CIP Burns & Wilcox Canada, Newfoundland Susanne Paulsen, FCIP, CRM Aviva Canada, Nova Scotia Moira Murphy, CIP Intact Insurance, Nova Scotia