Topic
Announcements
IBC announces new president and CEO
November 10, 2022 Canadian Underwriter StaffCelyeste Power will succeed retiring Insurance Bureau of Canada (IBC) president and CEO Don Forgeron at the end of 2022. Power, who takes over as president and CEO on January 1, 2023, is currently executive vice-president for strategic initiatives and…
Insurer ordered to plan for switch to primary driver model
November 9, 2022 by Alyssa DiSabatinoManitoba Public Insurance (MPI) must now develop a five-year plan to switch from its registered driver model to a primary driver model for auto insurance pricing — after previously stating such a switch would create large rate dislocation and require…
Aspiring brokerage owners share the biggest obstacles for ownership
November 8, 2022 by Alyssa DiSabatinoWhat’s the biggest barrier to brokerage ownership for the 30% of brokers who aspire to one-day buy their own firm? Financing, according to results from a Canadian Underwriter online survey. Of the 30% of broker respondents who want to own, exactly…
CU launches new P&C industry podcast
November 8, 2022 David GambrillCanadian Underwriter is pleased to announce today’s launch of its new podcast series, What’s on Dec? in partnership with industry veterans Pete Tessier and Curt Wyatt. Tessier and Wyatt will be well-known to those who listen to The Insurance Podcast,…
The best way to support young prospective broker owners
November 4, 2022 by Alyssa DiSabatinoMentorship and training are the best ways to support young brokers who aspire to senior leadership or brokerage ownership roles, say brokers responding to a Canadian Underwriter online survey. However, brokerage principals and their employees aren’t fully aligned on how…
Aviva Canada adds transformation strategists to its board
November 4, 2022 by David GambrillAviva Canada has appointed key strategists in digital and company transformation, Monika Federau and Bill Bloom, to its board. “We are pleased to welcome Monika and Bill to the Aviva Canada board as we continue to invest in digital and…
‘Race discrimination’: Indigenous Quebec man who lived on reserve denied insurance
November 4, 2022 Sidhartha Banerjee CANADIAN PRESSMONTREAL – An Indigenous Quebec man who was denied car insurance because he lived on a reserve was the victim of race discrimination, the province’s human rights commission concluded in a recent decision. Alexis Wawanoloath, a lawyer and ex-Parti Quebecois…
One size doesn’t fit all: why office time needs to be maximized accordingly
November 2, 2022 by Alyssa DiSabatinoCompanies that don’t employ, at the very least, a hybrid work option, can expect an increase in employee turnover. “And what that means is losing talented employees to other organizations,” said hybrid work expert Hassan Osman at the Insurance Brokers…
How Canada’s P&C market shifted in 2022
November 1, 2022 by Alyssa DiSabatinoMarket conditions remain complex but are stabilizing as the industry approaches its last quarter this year, Aon’s 2022 Canadian Insurance Market Report found. Increased competition, along with positive underwriting results and loss activity, marks a transition from significantly challenged market…
Yes, brokers and consumers do define value differently
October 31, 2022 by Alyssa DiSabatinoPersonalized service is what consumers across Ontario most value in their relationships with P&C brokers, with broker expertise coming in second, found a market research expert speaking at the recent Insurance Brokers Association of Ontario (IBAO) Convention. On the other…
Aviva exec to lead Insurance Institute’s board
October 27, 2022 by Jason ContantAviva Canada CEO Jason Storah has been elected chairman of the board of governors of the Insurance Institute of Canada (IIC). Storah, who is based in Toronto, was elected following IIC’s 69th annual general meeting, held on Oct. 25 in…
P&C insurers call for a real estate climate risk score
October 26, 2022 by David GambrillCanadian P&C insurers are banding with Canada Mortgage and Housing Corporation (CMHC) to push for the disclosure of a real estate “climate score,” indicating the likelihood of a building or property being damaged during a natural catastrophe. Insurance Bureau of…