Canadian Underwriter

Keyword
Retention

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Who’s getting squeezed in the brokers’ war for talent

March 19, 2024 by David Gambrill

A war for talent in Canada’s P&C insurance industry may be inadvertently causing collateral damage in smaller and mid-sized brokers, Traci Boland, Insurance Broker Association of Canada president, tells Canadian Underwriter. That said, their smaller size may allow them to

The magnet attracting new worker and staff based on recommendations, talent and interview. Recruitment of entire formed teams of employees.
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Poaching: Inside the industry’s cutthroat war for talent

September 13, 2023 by David Gambrill

Recruiting into the P&C insurance industry has become so urgent that employers are looking for “plug-and-play” hires who can hit the ground running, leading to widespread industry poaching. “What we’re seeing [in our demographic research], and we’ve seen it since

Talent magnet - attracting the best candidates
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Where brokerages stand on increasing compensation to attract talent

June 21, 2023 by Jason Contant

Few Canadian P&C brokerages are looking at increasing compensation to attract and retain talent, even as they continue to try to distinguish themselves from their competition, a new industry report found. Like many industries, insurance has seen a shortage of

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Institute report shows P&C industry ‘hiding its light under a bushel’

June 1, 2023 by David Gambrill

Canada’s property and casualty insurance industry already scores well in many of the things industry employees say they want from their employers, as suggested in the latest results of the Insurance Institute of Canada’s 2022-23 demographics research report. And therefore,

A lot of employees at insurance brokerages are planning to leave the industry
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What our 2023 survey says about broker job satisfaction

May 1, 2023 Philip Porado

Beyond recruiting challenges, data from Canadian Underwriter’s 2023 National Broker Survey show retention will continue to be a major issue for property and casualty (P&C) insurance brokers this year. The survey, answered by more than 150 brokers nationwide, asked about

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Why the P&C broker talent crunch won’t end soon

April 28, 2023 Philip Porado

While the hard market’s still a huge challenge for Canada’s broker distribution channel in 2023, finding qualified workers was also top concern for brokers. So said more than 150 nationwide respondents to Canadian Underwriter’s 2023 National Broker Survey. The survey,

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Want your employees back in the office? Think flexibility…

March 20, 2023 by David Gambrill

Three years into the pandemic-induced hybrid workplace, Canadian financial services employees are worried about losing their new-found flexible office arrangements and aren’t afraid to seek new employment opportunities elsewhere — meaning retention is the name of the game for employers

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Why smaller brokerages have an edge in the talent war

February 27, 2023 by Jason Contant

Smaller brokerages have a competitive advantage in some instances when it comes to retaining talent as they potentially have more flexibility than their larger counterparts, a recruitment firm executive told Canadian Underwriter. Smaller brokerages can sometimes offer employees greater access

Chicken flying!
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How to keep your top sales producers from flying the coop

November 3, 2022 by David Gambrill

Six out of ten employers don’t really understand what motivates their salespeople, which may cause their top sales producers to seek work elsewhere, according to a Harvard Business Review blog. While employers are responding to staff burnout by tweaking the

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Talent crunch getting tighter, broker survey shows

March 23, 2022 by David Gambrill

Finding qualified talent is the biggest challenge facing almost seven out 10 Canadian brokerages right now. And the talent crunch is getting even tighter. Sixty-nine per cent of brokers report finding qualified workers their biggest challenge – a 7% increase

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How a biologist could help insurers with data analytics

September 27, 2018 by Greg Meckbach

Do insurers need to hire the brightest computer programmers and pay through the nose if they want to get the most out of data analytics? Not according to some Insurance Analytics Summit Canada speakers. “People from behavioural science, people from

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M&A insurance buoyant as premiums and retentions fall, JLT Specialty survey finds

September 19, 2017 by Canadian Underwriter

The mergers and acquisitions (M&A) insurance market is facing “significant growth” linked to falling rates and lower retention levels as a result of increasing competition, a new report from specialist insurance broker and risk consultant JLT Specialty Limited has found.