Northern Alberta RIMS Chapter

Upcoming Events List


  • Alberta Captive Conference - Unlocking Alberta's Captive Landscape

    Conference

    Apr 18, 08:00 AM - 04:15 PM (MT)

    The Southern and Northern Alberta RIMS Chapters, in combination with our event sponsor NFP, present the first annual Alberta Captive Conference!

    The inaugural theme, Unlocking Alberta’s Captive Landscape, will focus on the regulatory framework implemented in July of 2022, enabling the formation of captive insurance companies in Alberta.

    With a day full of educational sessions, you will hear from industry experts on topics including: the legislation itself and how to set up a captive here in Alberta, the services crucial to a captive, and from industry peers who have gone through the process of setting up an Alberta captive.

    In addition to the numerous sessions, this event will provide networking opportunities with your industry colleagues, and the option to obtain accreditation hours for those with a General Insurance (P&C) license.

    Ticket prices: $150 for RIMS members, $190 for non-members, and $50 for students. The day will include a continental breakfast, a coffee break, and lunch. Dress code is business professional.

    Registration is limited, so purchase your ticket early!

    *see full agenda and get your tickets at the Eventbrite link


    #Event
    #Captives/AlternativeRisk
    #AlbertaCaptives
    #AlbertaCaptiveConference
    Calgary, AB, Canada

JOB BANK UPDATES

NORTHERN ALBERTA RISK and INSURANCE MANAGEMENT SOCIETY

WELCOME TO OUR CHAPTER 

0001__1_.jpg

Just click here or on the picture above to register. See you there!

RIMS Membership Mondays

RIMS has started holding Membership Mondays, in which chapter officers discuss ways to improve member engagement. Check out the latest recording here:

Latest Membership Monday Recording

Session Recordings

Recordings from recent sessions:

Ken Letander - Diversity, Equity and Inclusion; Risk Management Considerations 

 February 28th, 2023

3

Sign Up For Email Updates

Click Here to send an email requesting to be notified of upcoming events and updates.

Alberta Captive Insurance Company Legislation (CICA) has been a significant development in the province. Let’s delve into the details:

  1. Introduction of Captive Insurance in Alberta:
  2. Reception and Regulatory Approach:
  3. When Is Captive Insurance a Better Option?:
    • Captive insurance should be viewed as a strategic option within a company’s risk management toolkit.
    • It is not necessarily a superior alternative to traditional insurance methods.
    • Prerequisites for setting up a captive include:
      • Adequate risk pool: The business must justify the cost of managing and operating a captive insurance company.
      • Commitment to risk reduction: Strong safety and management practices are essential.
      • Sufficient capital: Ensuring the captive meets all financial requirements.
    • Companies may choose to set up a captive for reasons such as:
      • Difficulty finding suitable insurers for specific business risks.
      • Better or more affordable coverage tailored to their specific risks.
      • Reducing reliance on commercial insurance.
      • Long-term cost savings in risk management.
      • Stabilizing premium expenses1.
  4. Role of Captive Insurance in the Oil & Gas Industry:

In summary, Alberta’s captive insurance journey has been marked by positive reception, collaborative regulatory efforts, and strategic considerations for businesses across various sectors.