Canadian Underwriter

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Professional Development


News AppointmentsAssociationsInsuranceProfessional DevelopmentTechnology

Dave Schioler, CEO of Insurance Brokers Association of Manitoba, to step down in April 2018

April 15, 2017 by Canadian Underwriter

The Insurance Brokers Association of Manitoba (IBAM) announced on Thursday that CEO Dave Schioler will be stepping down effective April 11, 2018. Noting that he still has much to do at IBAM during what will now be a transition year,

News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesProfessional DevelopmentTechnology

Sonnet ‘first step in a multi-step journey’: Economical’s SVP and chief marketing officer

April 10, 2017 by Canadian Underwriter

Fully online insurance company Sonnet is the “first step in a multi-step journey” and the learnings from that process will be applied back to other parts of Economical Insurance’s business, Economical senior vice president and chief marketing officer Michael Shostak

News InsuranceLegislation / RegulationProfessional DevelopmentTechnology

Sharing economy not fully served by insurance industry, but opportunity is there: Kovacs

April 9, 2017 Jason Contant, Online Editor

The sharing economy is not fully served by the insurance industry right now, but the opportunity is there, Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction, said on Thursday at the CIP Society Symposium 2017.

News CatastrophesCommercial LinesInsurancePersonal LinesProfessional DevelopmentReinsurance

Intact reports Q1 cat losses of $88 million, aims to double direct-to-consumer business in ‘near term’

April 7, 2017 by Canadian Underwriter

Intact Financial Corp. recently reported its catastrophe losses, net of reinsurance, were $88 million for the first three months of 2017. Toronto-based Intact also says it wants to “double” its direct-to-consumer business in the “mid-term” and is nominating Sylvie Paquette,

News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesProfessional DevelopmentTechnology

One Alberta brokerage and two from Ontario join BrokerLink

April 5, 2017 by Canadian Underwriter

One Alberta brokerage and two Ontario brokerages announced on Tuesday that they will join BrokerLink, one of the largest Canadian property and casualty insurance brokerages. Alberta-based Full Circle Insurance Ltd. and Ontario brokerages Fairview Insurance Brokers Inc. and Steven Kaluski

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Analytics single greatest disruptor to Canadian insurance industry: survey

April 4, 2017 by Canadian Underwriter

Analytics is the single greatest disruptor to the Canadian insurance industry today, according to 65% of executives polled for a recent survey by Insurance Nexus, a division of FC Business Intelligence. Insurance Nexus reported on Tuesday that it recently surveyed

News AssociationsInsuranceProfessional Development

New Brunswick brokers’ association suspends sponsorship partnership with Aviva

March 29, 2017 by Canadian Underwriter

The board of directors of the Insurance Brokers Association of New Brunswick has “voted to suspend a longstanding sponsorship partnership with Aviva Canada,” IBANB said in a release sent Wednesday. On Jan. 18, Aviva announced it is offering “team branded”

News InsuranceMarkets / CoveragesProfessional Development

Peter Hancock to resign as president and CEO of AIG, lack of shareholder support cited

March 9, 2017 by Canadian Underwriter

American International Group (AIG) announced on Thursday that its president and CEO, Peter D. Hancock, has informed the board of directors of his intention to resign, citing lack of shareholder support. As part of the transition plan, Hancock will remain

News InsuranceMarkets / CoveragesProfessional Development

Offers that help save money on home and auto insurance of interest to customers: broker forum speaker

March 6, 2017 Jason Contant, Online Editor

Brokers could provide added value to their customers by suggesting offers that that help save money on home and auto insurance, attendees to the Insurance-Canada.ca Broker Forum (ICBF) heard last week. “Fully 50 to 60% of your customers are saying,

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Mitchell & Whale Insurance Brokers shares their experience using online chatbot at Insurance-Canada Broker Forum

March 3, 2017 Jason Contant, Online Editor

Learning is a life-long process and not just for humans – online chatbots can also continue to learn and become smarter, attendees to the Insurance-Canada.ca Broker Forum (ICBF) heard on Wednesday. Amanda Ketelaars, operations manager with Whitby, Ont.-based Mitchell &

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesProfessional Development

ICLR to host webinar related to extreme rainfall on March 24

March 2, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be holding a webinar on “physics” versus climate models as related to extreme rainfall on March 24. The ICLR announced the webinar, titled Practical issues in updating IDF curves for future climate:

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Speakers weigh in on contentious topic of insurers with “broker arm interrupters”

March 1, 2017 Jason Contant, Online Editor

If an insurer can offer brokers more products, assistance and their brand is recognized by clients, “there is some value there,” Jeff Roy, CEO of Excalibur Insurance Group, suggested on Wednesday at the Insurance-Canada.ca Broker Forum, held at the Allstream