Volume 49, numéro 1, 1981

EN :

The author reviews economic conditions in Canada during 1980 and prospective results in 1981 through stagflation, inflation and moderate expansion.

EN :

Mr. Richard Humphrys has delivered a very interesting paper on the supervision of insurance in Canada, at the last meeting of the International Association of Insurance Law in Chicago, last August. We have pleasure in presenting the French translation of this paper to our readers, with the agreement of the author. The paper is divided into five parts as follows: I - Introduction; II - The supervision and how it works; III - Legislative and constitutional aspects of the supervision; IV - The financial and technical control of operations; V - The control of assets and liabilities by the Department of Insurance. A.

FR :

Marine insurance has its roots in the seventeenth century and is the main reason behind the creation of Lloyd's of London. Whilst at that early stage, underwriters were concerned only with particular average, general average, total loss and constructive total loss of ships and cargo, the development of international trade has imposed many changes in the industry. Indeed, nowadays, whilst the liability of the ship-owner must be covered (Protection and Indemnity insurance), the marine insurance markets offer a wide range of coverage which ex tends to all aspects of the life of a ship, e.g. from its building until it is ship-broken. But this does not prevent the business from being affected by the same problems than the rest of the industry: competition, market capacity, mega brokers. Canadian international traders should be aware of the fact that marine insurance is one item in their costs, whether they are buyers or sellers, and they should do their upmost to benefit from it.

FR :

M. Sidney Gordon a prononcé cette conférence à un colloque de la Reinsurance Offices Association de Londres le 17 avril 1980. Il a une longue expérience de la réassurance au Canada qu’il a acquise comme directeur de Sterling Offices of Canada d’abord, puis comme président de Universal Reinsurance Intermediaries. Aussi est-il bien placé pour en présenter les hauts faits, les faiblesses et les résultats. C’est le sens de ce travail, dans lequel il étudie l’organisation de la réassurance, ses problèmes, ses difficultés et les conditions de son essor. Il a raison d’écrire qu’avant d’entrer dans le domaine de la réassurance, au Canada, un réassureur étranger fera bien de se rendre compte à la fois de ses limitations et de ses possibilités. Il ne peut que rendre rêveurs ceux qui se préparent à pénétrer dans un marché qui, en ce moment, connaît des coupes de tarifs de quarante à soixante pour cent pour les risques commerciaux, des dépenses accrues et des perspectives sinon douteuses, du moins limitées. Il y a là une situation qui peut, qui doit changer et qui, sans doute, changera éventuellement, mais quand ?

EN :

On the 13th and 14th of May 1980, a seminar was held on insurance at l'Université Laval. In his paper, professor Yves Roy studied the Monte-Carlo method applied to certain insurance problems. We have pleasure in presenting it to our readers. A.