Topic
Brokers
How clients’ auto data is being breached by thieves, hackers
April 24, 2024 by Alyssa DiSabatinoYour clients’ cars store a lot of their personal data — from biometrics to driving habits, phone contacts, and more — and that can expose them to cyber-attacks. Modern cars use sensors and connected technology to make driving easier, safer…
Brokers tell us their Number 1 challenge for 2024
April 24, 2024 David GambrillFixing the labour shortage plaguing Canada’s P&C insurance industry is officially Job 1 for the broker channel, Canadian Underwriter’s 2024 National Broker Survey shows. Failing to do that, survey respondents say, puts brokerages at risk of sustaining collateral damage in…
Better public education needed around territorial auto rates: industry
April 23, 2024 by Alyssa DiSabatinoInsurers and governments need to work closer together to better educate consumers on why auto insurers use territorial ratings, claims experts say. In addition, governments need to invest in better supports and infrastructure so vulnerable communities aren’t disproportionately impacted by…
How brokers can broaden their recruiting lens
April 22, 2024 Philip PoradoWho are you going to hire? It’s a key question as Canada’s property and casualty (P&C) insurance brokers look to simultaneously broaden diversity within their teams and solve a hiring crisis that’s persisted for nearly a decade. One way firms…
What brokers say about Ontario DCPD opt-outs
April 18, 2024 Alyssa Di SabatinoOntario brokers tell us their phones aren’t ringing off the hook with calls from drivers wanting to take advantage of the province’s new option to decline direct compensation- property damage (DCPD) coverage on their auto policies. “I actually thought that…
Hybrid brokerage/agency rebrands following merger
April 18, 2024 by Jason ContantQuebec brokerages PMA Assurances and PMT ROY Assurances et services financiers have merged under the name Ellipse Agence en assurance de dommages inc., creating what the firm is calling the province’s largest damage insurance agency distributing Intact Insurance products exclusively.…
What post-pandemic coverage looks like for healthcare providers
April 17, 2024 Philip PoradoThe word ‘soft’ doesn’t spring to mind when describing the current insurance market for Canada’s healthcare providers. But four years after the start of the COVID-19 pandemic, insurers are becoming more comfortable looking at, and writing, healthcare business. “We’re having…
BrokerLink reveals 18-month growth target
April 16, 2024 by Jason ContantBrokerLink aspires to increase its direct premiums written (DPW) by more than $1 billion over the next year-and-a-half. In 2023, BrokerLink surpassed $3.5 billion in DPW. “Our ambition is to be $5 billion by the end of 2025,” president Joe…
Alberta Insurance Council names new CEO
April 16, 2024 by Alyssa DiSabatinoAlberta Insurance Council (AIC) has announced Amina Deiab as its new chief executive officer, effective April 22. Deiab is AIC’s second permanent CEO since the provincial licensing and regulation body for insurance brokers and adjusters launched 35 years ago.…
More brokers willing to risk threat of not acknowledging diversity
April 15, 2024 by Alyssa DiSabatinoThree-quarters of brokers believe their organizations must address diversity to be a successful business. Yet, this number is waning — from 91% in 2022 to 84% in 2023, and to 75% in 2024, according to a recent Canadian Underwriter survey.…
3 building blocks for using new commercial lines tech
April 11, 2024 Steve Whitelaw, Applied Systems CanadaTechnological breakthroughs in commercial lines are helping brokers win over Canadian business owners seeking insurance coverage. Brokers can do three things to stand out in this crowded, competitive market. They can standardize their data capture, simplify their quoting and submission…
What’s the next frontier for assessing property risk?
April 10, 2024 John Siegman, co-founder of HazardHubNext-generation data, analytics and risk models are giving property risk assessment a much-needed facelift. The increased frequency and intensity of natural disasters, combined with population growth in NatCat-prone regions, is escalating property and casualty (P&C) insurers’ claims and losses. A…