Canadian Underwriter

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Associations


Welder works on gas pipeline
News AssociationsBrokers

Humber, IBAO build new talent pipeline for commercial brokers

September 22, 2023 by David Gambrill

Humber College and Insurance Brokers Association of Ontario (IBAO) have teamed up to launch a new program to attract and train prospective commercial insurance brokers. Scheduled to start Oct. 1, Humber’s new Commercial Account Manager (CAM) program was established to

E-learning graduate certificate program concept. lightbulb on the book with graduation hat, and education icons. Internet education course degree, Idea of learning online class.Webinar Online Courses
News AssociationsBrokersClaimsEmploymentInsuranceLive with CU

How the industry’s talent war shapes insurance education

September 21, 2023 by David Gambrill

Property and casualty insurance education is adapting to meet the needs of the industry’s desire for ‘plug-and-play’ talent that can hit the ground running, one panelist told a Live with CU presentation last week. More specifically, educational bodies are entering

Technology concept of clock face in binary codes of one and zero
News AnnouncementsAssociationsBrokersInsuranceTechnology

New guide published to expedite industry data exchange

September 18, 2023 by David Gambrill

The Centre for the Study of Insurance Operations (CSIO) has published an implementation guide to help insurers and vendors program JSON API Standards into their systems, providing faster data exchange between brokers and insurers. CSIO today published its JavaScript Object

Four chairs side-by-side, three blue and one white
News AppointmentsAssociationsInsuranceProfessional Development

Behind IBC’s recent executive shuffle

September 18, 2023 by Jason Contant

Amanda Dean is now interim vice president of Insurance Bureau of Canada’s (IBC) Ontario region, temporarily moving over from her role as IBC’s vice president of Atlantic Canada following a decision by IBC’s former Ontario vice president, Kim Donaldson, to

One person leading marathon
News AssociationsEarnings / RatingsInsuranceReinsurance

How reinsurers fared in Canada last year

July 26, 2023 by David Gambrill

Lloyd’s Underwriters accounted for $6.1 billion in net written premium in Canada in 2022, dwarfing the amount written by the next highest reinsurer member of the Reinsurance Research Council (RRC) in Canada. Composed of 22 reinsurers that write business in

cay keys on top of an auto insurance policy
News AssociationsBrokersClaimsInsuranceLegislation / RegulationMarkets / Coverages

Zenith Insurance ends broker contract; Alberta Finance Minister cites rate pause

July 20, 2023 by Alyssa DiSabatino

Editor’s Note: On Friday July 21, 2023, Canadian Underwriter sent out an e-newsletter with an incorrect subject heading, implying that Zenith pulled out of auto insurance in Alberta. In fact, Zenith has only cancelled a contract with a brokerage that

NEW RULES text on a sticky on a notebook with pen and glasses , blue background
News AnnouncementsAssociationsBrokersCommercial LinesInsuranceLegalLegislation / RegulationMarkets / Coverages

Brokerage wins limited injunction against regulator’s new rule

July 19, 2023 by David Gambrill

FS Insurance Brokers (FSIB), a B.C. insurance broker that has common ownership with a strata property management company, has won a limited injunction against a new rule proposed by the province’s broker regulator, pending judicial review of the new rule.

A forest fire burns among a residential area
News AssociationsCatastrophesClaimsClimate ChangeInsurance

Wildfires: Where there’s smoke, there’s damage

July 18, 2023 by David Gambrill

As smoke from almost 900 of Canada’s wildfires descends upon the United States, resurrecting media reports about air quality, Canadian property and casualty insurers have an eye on a different type of exposure — property damage claims due to wildfire

Car alarm and anti-theft device
News AssociationsClaimsClaims CanadaInsuranceTechnology

How Canadian P&C insurers are tackling record auto thefts

July 17, 2023 by Jason Contant

After the Canadian P&C insurance industry paid out a record $1 billion for auto theft in 2022, some insurers are tackling the issue by offering discounts for consumers installing a tracking system or applying surcharges for those who don’t equip

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News AssociationsBrokersCommercial LinesInsuranceMarkets / CoveragesMGAsProducts

Is it possible for MGAs to become too mainstream?

July 5, 2023 by Alyssa DiSabatino

While Managing General Agents (MGAs) say their firms are here to stay, their competitors are discussing whether the specialty underwriting market is oversaturated. The topic arose in response to an audience question about whether the industry acknowledges the role MGAs

Many hands putting together a jigsaw puzzle
News AssociationsBrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

Why consolidation slows down service levels

June 21, 2023 by Alyssa DiSabatino

Consolidators will have to tread the line between growing rapidly while also ensuring growth doesn’t hinder operations, particularly customer service, said experts at an industry panel.  Amid consolidation, small and medium-sized brokerages will be able to remain competitive if they

Illustration of a bridge of two shaking hands. Businesspeople cross the bridge on either side and increase their business
News AssociationsBrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

Brokerage M&A activity spikes in era of high interest rates

June 19, 2023 by Alyssa DiSabatino

Ontario saw a record 48 finalized brokerage transactions in 2022, mostly led by consolidators, said Suzanne Pountney, president of the Insurance Brokers Association of Ontario (IBAO), during the Young Broker Conference in Niagara Falls.  “This is up 60% over last