澳门六合彩开奖预测

Senate Agenda - EXHIBIT IV - September 17, 1999 - Appendix 1

Type 4 Research Institute Proposal

Institute for Catastrophic Loss Reduction (ICLR)

Introduction

This is a request for approval to establish the Institute for Catastrophic Loss Reduction in partnership with the Insurance Bureau of Canada.

The proposal outlines the purpose, form, function, roles, budget, and financial resources of this proposed Type 4 research institute.

Executive Summary

The Institute for Catastrophic Loss Reduction (ICLR) is the first partnership in the world between academia and industry to comprehensively address catastrophic loss reduction. This joint initiative between The University of 澳门六合彩开奖预测 Ontario (UWO) and the Insurance Bureau of Canada (IBC) will be a unique, world-leading centre for research into mitigating natural hazards.

The mission of this multi-disciplinary project is to reduce loss of life and property. We will accomplish this goal by identifying and supporting sustained actions that improve society's capacity to adapt to, anticipate, mitigate, withstand and recover from natural disasters. Research at the ICLR will lead to safer communities. Our work will focus on mitigation--reducing the human and economic cost of natural hazards, before they become disasters. We will discover new techniques and influence policies that will protect the life and property of Ontarians, and potentially all Canadians.

We wish to establish the ICLR as a Type 4 Research Institute with its own identity, staff and funding.. The relationship between UWO and the ICLR will be defined in an affiliation agreement. The ICLR will also be affiliated with The Insurance Bureau of Canada. Both partners will provide funding. Governance will be handled by a Board of Directors composed of insurance industry and UWO members. UWO's financial participation will be mainly via in-kind contributions of time from participating researchers.

The IBC already committed to the ICLR by starting up a Toronto operation in January 1998; once the ICLR is operating at UWO, both locations will become part of the same legal entity. A Board of Directors has been established, including five insurance industry CEOs and an Executive Director (Paul Kovacs, Vice-President of the IBC). Three UWO people will complete the Board, to be named by the President and Vice-Chancellor. Suggested appointees include: Dr. Alan Davenport as ICLR Research Director, one of the two new industry Chairs, and the Vice President (Research).

The ICLR will coordinate research, facilitate partnerships and accelerate discovery. The IBC brings a comprehensive perspective of the insurance industry's day-to-day business of responding to claims. As our key partner, the IBC will turn academic research findings into practical, life- and money-saving policy and practices. Industry partnership clearly heightens the ICLR's profile, enhancing its ability to attract external funding. Partnerships will also be made with key federal organizations such as Emergency Preparedness Canada and National Research Council.

Two industry Chairs, strong leaders and mid-career individuals who have established a national and international reputation, will be hired to create a synergistic network of academic expertise and expand the breadth of ongoing research. These individuals will mentor emerging researchers who have demonstrated excellent scholarship but are seeking partnership in large projects to accelerate their development. Both Chairs will hold an initial term of five years commencing September 1, 1999, renewable for subsequent five-year periods. Successful candidates will be responsible for some teaching duties and grad student supervision.

Dr. Alan Davenport, the Institute's Research Director, brings immediate international prestige to the ICLR. He will bring together active teams at UWO who currently are working in isolation on problems relating to natural disaster risk and reduction. Dr. Davenport will establish the ICLR at UWO and mentor the two new industry Chairs. After a transition period of three years, one or both of the Chairs will assume the role of Research Director(s), and Dr. Davenport will take a key position on the ICLR's Advisory Council, to be appointed by the Board to provide advice on overall research direction. A Managing Director (already hired) will direct day-to-day business at the Toronto operation and act as industry liaison.

The Chair in Severe Weather and Earthquakes will extend 澳门六合彩开奖预测's outstanding reputation for research and industrial applications in the areas of wind, water and seismic motion. Initial research activities will include windstorm research, hazard assessment, and risk assessment. Partnership with the IBC presents a valuable opportunity to create a risk assessment system tailored to the Canadian context. Using a 'real event' database being compiled by the IBC, this research will combine physical and socioeconomic data with powerful analytical tools to generate outcome data which can be used to design intervention/mitigation measures to create safer communities (ex. establish priorities for retrofitting existing structures/buildings).

The Chair in Policy for Catastrophic Loss Reduction will be a senior social scientist responsible for implementing the larger vision of ICLR as the hub for catastrophic loss reduction studies in Canada. This individual's primary role will be to coordinate a network of experts in Ontario, nationally and eventually worldwide with a focus on hazard mapping, public policy, and emergency management. Existing and potential partners in Canada include:

• University of Toronto's Environmental Adaptation Research Group and the Atmospheric Environmental Studies group (hail, wind, geography)
• University of Waterloo's Risk Research Institute (risk analysis)
• University of British Columbia's Departments of Civil Engineering and Sociology and the Disaster Preparedness Resource Centre (earthquakes, socioeconomics)
• University of Manitoba's Disaster Information Centre (social sciences, preparedness)

Existing and potential international partners include:

• Institute for Building & Home Safety, Boston (mitigation)
• University of Colorado's Disaster Research Centre (mitigation)
• Wharton School of Business (socioeconomics)
• Stanford University's Dept. of Civil Engineering (risk assessment, mitigation effectiveness)
• IDNDR Secretariat, Geneva (policy, mitigation, international cooperation)
• Pan-American Health Organization (health and safety)
• Centre for Risk Research, University of Southampton, UK (economics and risk)
• Loss Prevention Centre, UK (risk, policy)

This nucleus will identify and conduct multidisciplinary, applied research into one of Ontario's most pressing problems. The two Chairs will also foster a network of key industry and academic partners. With consolidated expertise in place, the ICLR will make great leaps forward: it will be the catalyst for new research, new partnerships and new funding opportunities, attracting and keeping the best researchers in Ontario.

Budget estimates include provision for graduate students, research assistants, technicians and administrative support staff. The IBC member companies, our private sector partner, have committed $2.5 million over 5 years towards the ICLR in cash and in-kind support. The University of 澳门六合彩开奖预测 Ontario has committed $2.5 million in in-kind support. The Ontario Research and Development Challenge Fund has agreed to contribute a further $2.5 million. A key objective of the ICLR is to generate additional funding sources, and all parties are confident that the ICLR will become self-sufficient within 5 years.

The Memorandum of Understanding

BetweenInsurance Bureau of Canada, a division of Insurance Council of Canada

and The University of 澳门六合彩开奖预测 Ontario

I. Purpose

The purpose of this Memorandum of Understanding is to establish a working relationship between the Insurance Bureau of Canada, a division of Insurance Council of Canada (IBC) and The University of 澳门六合彩开奖预测 Ontario (UWO).

II. Insurance Bureau of Canada (IBC)

The Insurance Bureau of Canada (IBC) is the national trade association representing Canada's property and casualty insurance industry. IBC works to establish and maintain the industry as an important and positive force in the economic and social structure in Canada. IBC is a division of the Insurance Council of Canada.

III. The University of 澳门六合彩开奖预测 Ontario (UWO)

The University of 澳门六合彩开奖预测 Ontario (UWO) is one of Canada's oldest and most prestigious universities. Since 1878, UWO has focused on quality academic programs and promoting innovative research. UWO has a strong background in engineering, natural sciences, business administration and social sciences.

IV. Methods of Co-operation

Co-operation and co-ordination between IBC and UWO shall be maintained at a level that ensures maximum efficiency and use of the resources of each organization and is consistent with the principles of each. In order that IBC and UWO can work in harmony toward mitigation of the human and economic cost of natural hazards and other issues important to both, the organizations agree to the following:

(1) IBC shall incorporate a corporation under Part II of the Canada Corporations Act under the name of Institute for Catastrophic Loss Reduction/Institut De Prévention Des Sinistres Catastrophiques ("ICLR"). The Letters Patent and the By-Law of ICLR shall be in form and substance satisfactory to both IBC and UWO, each acting reasonably. These documents shall provide for the governance structure outlined in Schedule "A" hereto, with such changes or additional elements to which UWO and IBC may mutually agree.

(2) IBC and UWO agree to work together through ICLR to reduce the loss of life and property resulting from severe weather and earthquakes in Canada, as outlined in the "Institute for Catastrophic Loss Reduction" proposal which was approved for funding by the Ontario Research and Development Challenge Fund and a copy of which is attached hereto as Schedule "B"(available on request).

(3) IBC and UWO will work to complete a mutually agreed upon Affiliation Agreement that will govern their collective efforts involving ICLR. The parties to the Affiliation Agreement shall be ICLR and UWO. The Affiliation Agreement shall be in form and substance acceptable to each of IBC, UWO and ICLR, each acting reasonably, and shall include the following:

- the mission statement of ICLR and rationale for its creation;

- the agreement that the ICLR shall recognize the responsibility and authority of UWO for academic appointments, granting of tenure, and the assumption of obligations, rights and privileges of University appointments in accordance with the policies of UWO with respect to such matters;

- the agreement that all academic research shall be subject to peer review or the equivalent thereof, provided that this proviso shall not apply to industry-specific research;

- all funding provided by the Ontario Research and Development Challenge Fund to the ICLR project, as well as the contributions of UWO and IBC referred to in the proposal attached hereto as Schedule "B", shall be used exclusively for Project Eligible Expenses in accordance with the terms and conditions of the ORDCF Grant Agreement between Her Majesty the Queen in Right of Ontario and UWO dated May 1, 1999 (the "Grant Agreement");

- The respective roles and responsibilities of the Research Director and the Managing Director of the ICLR;

- the acknowledgment by IBC and UWO of the right and obligation of ICLR to develop, define, and apply a scientific and administrative policy and activities on its own and separate initiative and under its own and separate authority, as it deems appropriate, to fulfill its mission and achieve its objectives;

- the creation and mandate of the Research Committee, to have responsibility for setting the research agenda for academic research (which shall not include industry-specific research unless the board of directors of ICLR otherwise determines by resolution) including evaluating, approving, monitoring and ensuring the standards of all academic, peer-reviewed research projects, co-ordinating the research portfolio and funding, and making recommendations to the Board of Directors of ICLR; for approving and recommending to the Board of Directors the research budget and for maximizing the allocation and use of research resources; such Research Committee is to be composed of 3 individuals appointed by UWO, 2 insurance industry representatives and 2 non-insurance industry representatives or such other number as the Board of Directors of ICLR shall determine by resolution, provided, however, that in no event shall insurance industry representatives constitute a majority of the Research Committee members;

- an employment policy and recruitment policy which will provide, among other things, for all scientific personnel whose salary and benefits are provided principally by ICLR to be legally employed by ICLR, which will be responsible for paying all salaries and benefits of such personnel and form of the process of recruitment, selection, promotion and termination of employment; all scientific personnel whose salary and benefits are provided partly or only by the ICLR but who have joint status or functional responsibilities associated with UWO, to involve the participation of representatives of UWO;

- the creation and mandate of a committee on intellectual property, responsible for developing a policy on intellectual property for ICLR, and for ensuring the policy is compatible with those of potential research partners at UWO.

(4) IBC and UWO will work co-operatively on natural hazard mitigation and other issues of shared interest, within the objects of the letters patent of the ICLR.

(5) IBC and UWO will work together from time to time on mitigation and other projects that are developed within the Mission of the ICLR.

V. Implementation of Memorandum of Understanding

This Memorandum of Understanding shall be implemented through the Affiliation Agreement, any agreement required by the Grant Agreement regarding funding of the ICLR Project, and other agreements that describe general activities, and project descriptions that describe focused activities. This Memorandum of Understanding does not constitute an agreement for any appropriated funds; if there were to be an obligation, it will be found in the Affiliation Agreement and other agreements referred to above. All such agreements, when executed and delivered, shall replace and supercede this Memorandum of Understanding.

IBC will inform its Board of Directors and UWO will inform its Board of Governors of this Memorandum of Understanding through their usual communication devices. This Memorandum of Understanding becomes effective on the date of execution and shall remain in effect unless terminated by written notification from either party to the other.

Signed by:

INSURANCE BUREAU OF CANADA, a division of Insurance Council of Canada

Paul Kovacs, Vice President, Policy Development Vice-President (Research)

THE UNIVERSITY OF WESTERN ONTARIO

William A. Bridger, Vice-President (Research)

SCHEDULE A

ICLR GOVERNANCE STRUCTURE

(a) Board of Directors:

- a majority of directors shall be insurance and re-insurance industry members;

- 3 - 10 directors shall be elected from insurance and re-insurance industry members; 3 directors shall be nominees appointed by UWO

- shall supervise management and affairs of ICLR, including setting broad policies for the research and ancillary activities of ICLR;

- shall approve budgets;

- shall develop external relations with industry.

(b) Membership:

- Members - insurers and reinsurers licensed to carry on the business of general insurance, whose application for admission as "Members" is accepted by special resolution of the Board; Members are to pay assessments, based on formulae to be established in the by-laws and subsequently by resolution of the Board;

- Associate Members - organizations which are not insurers or reinsurers or associates or affiliates of insurers or reinsurers, whose applications for membership as "Associate Members" are accepted by resolution of the Board; the fees payable by such members are to be determined by resolution of the Board; such Associate Members will have no liability for any assessment of Members;

- Affiliate Members - organizations which are not insurers or reinsurers or associates or affiliates of insurers or reinsurers, or Associate Members, whose application for membership as "Affiliate Members" are accepted by resolution of the Board - UWO may be an Affiliate Member; the fees payable by such members are to be determined by resolution of the Board; such members will have no liability for any assessment of Members.

(C) Officers:

In addition to the Chairman and Secretary there shall be an Executive Director, who shall have the duties and responsibilities as specified in the by-laws and by Board resolution.

Key Terms Covered in Bylaws

• three (3) UWO-appointed Directors on Board of Directors
• UWO's participation in ICLR to be governed by a formal Affiliation Agreement

Key Terms for Inclusion in Affiliation Agreement between UWO and ICLR

• UWO requirements include the need to provide for control over academic research
• Any insurance-industry-specific activity would be paid for out of funds other than the ORDCF grant; the grant must fund research as per UWO's funding agreement with the Ontario Research and Development Challenge Fund

The following matters will be covered in the Affiliation Agreement:

• mission of ICLR
• general responsibilities of the parties, including:
• acknowledgement by ICLR that all academic appointments within the University are within the sole jurisdiction and authority of the University,
• recognition that joint appointees will participate in the activities of both the University and ICLR
• specifics regarding Institute personnel, including recruiting of Institute personnel, recognition of University procedures regarding any academic appointments, tenure, reporting relationships for ICLR employees who also hold academic appointments
• provision for establishment of two University Chairs whose salaries are to be paid for by ICLR but who are subject to UWO policies
• provision for establishment of the research committee, and for its mandate to control the research agenda
• provision for a meeting at least once a year between the Vice-President, Research of UWO and the Executive Director of the ICLR to discuss mutual concerns of the parties regarding research, educational and other activities of the ICLR, the operation of the Affiliation Agreement and relationship between the parties
• Administration of Research Funds and Intellectual Property:
• procedure for administration of all research grant or contract applications
• provision for ownership and disposition of intellectual property
• possible provision for creation of an Intellectual Property Committee to develop a policy on intellectual property for the ICLR and for monitoring compliance with the policy
• premises to be provided at UWO for the ICLR as part of UWO's in-kind contribution
• proviso for use of approximately 500 square feet of space on a short term basis and ICLR acknowledgement that UWO has the right to require the ICLR to move to comparable premises if UWO, acting reasonably, needs the premises occupied by ICLR
• covenants by ICLR regarding use of premises and maintenance thereof in good condition, and
• consent of UWO required for all improvements
• indemnity by ICLR of UWO relating to any approved improvements to the premises, to protect UWO against construction liens
• procedure for ICLR obtaining consent of UWO to the installation of equipment and fixtures on UWO property
• proviso to the effect that on any dissolution of ICLR, the unspent ODRCF grant funds must be returned to UWO
• proviso disclaiming any partnership or agency relationship among the parties *
  term of agreement

* IBC advised that IBC does not wish to be a party to the Affiliation Agreement, but needs to be aware of its terms. Thus any provisions relating to IBC's funding obligations will be dealt with in a separate agreement between IBC and UWO, which in any event is required by the terms of the ORDCF grant agreement