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Lloyd’s underwriters given go ahead to insure Canadian cannabis risk

Cannabis plant

Underwriters at Lloyd’s of London have been informed that they can underwrite Canadian cannabis risk.

It will be legal to produce, distribute, sell and possess the drug for recreational purposes in Canada from 17 October 2018.

Canada is the second country to legalise the drug for recreational

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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