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Media Coverage

Canadian Underwriter quotes Koker Christensen in an article on Canadian insurers and agents encountering provincial regulators’ increasingly frequent use of fines

Fasken
Reading Time 1 minute read
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“Insurance firms facing 'a lot more disciplinary action at the provincial level,' lawyer warns”, Canadian Underwriter

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"At the federal level, Christensen noted, the Office of the Superintendent of Financial Institutions (OSFI) 'raised concerns' in the past, 'about cloud computing but I don't think it's particularly clear where that is going and I have heard people at OSFI talking about that as an issue that they will be looking into further. He added OSFI officials ‘have indicated quite clearly’ that cyber risk 'will be area of focus for them for the next number of years.'"

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