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On the Scene: IBAA Annual Convention, May 6-9, 2018

August 16, 2018 by Ian Portsmouth

Beautiful Banff was again the setting for the Annual Convention of the Insurance Brokers Association of Alberta (IBAA), held May 6-9, 2018. Canadian Underwriter was the exclusive national media sponsor of the event, which kicked off with a golf tournament

News AssociationsInsuranceMarkets / Coverages

How Ontario’s new government needs to handle the auto file

August 6, 2018 by Jason Contant

Although Ontario’s new Progressive Conservative government has not publicly disclosed its plans for auto insurance reform, the industry’s trade association has some thoughts on where it should go. Pete Karageorgos, director of consumer and industry relations with Insurance Bureau of

News AssociationsBrokersInsuranceTechnology

Why carriers should share with their competitors

August 1, 2018 by Greg Meckbach

Insurance carriers selling through brokers should share, with competitors, some of the software they make to exchange data with brokers’ computer systems, speakers suggested Wednesday at the Data Exchange (D/X) launch. “We need to communicate more quickly and efficiently with

News AssociationsClaimsInsurance

Insurers subsidize Toronto basement flood pilot

July 10, 2018 by Greg Meckbach

A pilot program aimed at getting homeowners to reduce basement flood risk is getting a subsidy from the Insurance Bureau of Canada and Intact Centre for Climate Adaptation. The Toronto Home Resilience Program, which involves 200 homeowners, aims “help home

insPRESS AnnouncementsAssociationsBrokersInsurance

IBAO Announces 2018 Sponsors

June 21, 2018 by Insurance Brokers Association of Ontario

TORONTO, June 21, 2018 /insPRESS/ – The Insurance Brokers Association of Ontario’s (IBAO) Sponsorship Program drew robust support from across the industry for 2018. “The support of our sponsors allows us to take a strong position in the industry and lead

insPRESS AnnouncementsAssociationsInsurance

IBABC Honours Outstanding Insurance Professionals at BC Place

June 20, 2018 Insurance Brokers Association of B.C.

VANCOUVER, June 20, 2018 /insPRESS/ – On May 31, several outstanding insurance professionals were honoured at the centennial celebrations of the Insurance Brokers Association of British Columbia (IBABC). IBABC is the professional association that represents and provides licensing and continuing

News AssociationsInsuranceLegislation / RegulationMarkets / CoveragesTechnology

Is the slow pace of regulatory change putting the industry at risk?

June 19, 2018 by Jason Contant

The insurance industry is at risk if regulators don’t recognize that consumer expectations are changing and allow consumers the choice of receiving their policy documents electronically, the president and chief executive officer of the Centre for Study of Insurance Operations

News AssociationsBrokersInsuranceMarkets / Coverages

Quebec places number on brokerage distribution agreements with insurers

June 18, 2018 by Jason Contant

The Quebec National Assembly has adopted Bill 141, which will require brokerages in the province to have at least three distribution agreements in place for personal lines with insurers “that are not in the same financial group.” Hypothetically, brokerages could

News AssociationsBrokersInsuranceTechnology

Major agreement toward resolving broker-carrier data exchange issues

May 29, 2018 by Jason Contant

Key players in Canada’s P&C industry have reached an agreement to pursue an application programming interface (API) hub solution, called the BrokerFlow solution, to solve the current data connectivity gap between insurers and brokers. The “solution phase” is set to

News AssociationsBrokersInsurance

Ontario brokers asked to educate election candidates

May 28, 2018 by Greg Meckbach

To prepare for the June 7 Ontario election, brokers should be prepared to explain very basic concepts about the property and casualty insurance industry to political candidates, a former head of the provincial brokers’ association suggests. Many election candidates “don’t

News AssociationsBrokersInsuranceLegislation / Regulation

Brokers, mutuals split on tactics after ministry’s controversial phone call

May 22, 2018 by David Gambrill

The Canadian Association of Mutual Insurance Companies (CAMIC) and the Insurance Brokers Association of Canada (IBAC) are split on tactics regarding a federal government bill that would allow banks to share customer data with fintechs. Which path better protects consumers

News AssociationsBrokers

How Saskatchewan brokers are handling the French fries challenge

May 17, 2018 by Greg Meckbach

Roughly half the motorists in Saskatchewan lack adequate auto insurance because they are only buying the mandatory minimum required by law from the province’s government-run auto insurer, a broker warns. Saskatchewan’s 70-year-old-plus Auto Fund writes basic minimum liability, damage to