Canadian Underwriter


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News Brokers

How brokers can broaden their recruiting lens

April 22, 2024 Philip Porado

Who 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

Car accident
News BrokersInsurance

What brokers say about Ontario DCPD opt-outs

April 18, 2024 Alyssa Di Sabatino

Ontario 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

Two businesses merge as one
News BrokersInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Hybrid brokerage/agency rebrands following merger

April 18, 2024 by Jason Contant

Quebec 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.

Caregiver at a long term care home with a patient.
News BrokersClaimsInsurance

What post-pandemic coverage looks like for healthcare providers

April 17, 2024 Philip Porado

The 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

Business growth concept
News BrokersCommercial LinesInsuranceMergers and AqcuisitionsProfessional Development

BrokerLink reveals 18-month growth target

April 16, 2024 by Jason Contant

BrokerLink 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

News AnnouncementsAppointmentsBrokersInsuranceLegislation / Regulation

Alberta Insurance Council names new CEO

April 16, 2024 by Alyssa DiSabatino

Alberta 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.

A smartly dressed business woman and businessman are having a heated discussion
News BrokersInsuranceProfessional DevelopmentRisk

More brokers willing to risk threat of not acknowledging diversity

April 15, 2024 by Alyssa DiSabatino

Three-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.

Brokers need to streamline processes to get clients covered efficiently.
News BrokersInsuranceMarkets / Coverages

3 building blocks for using new commercial lines tech

April 11, 2024 Steve Whitelaw, Applied Systems Canada

Technological 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

Satellite taking images used for risk assessments
News BrokersClaimsInsurance

What’s the next frontier for assessing property risk?

April 10, 2024 John Siegman, co-founder of HazardHub

Next-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

Work place water cooler confrontation
News BrokersInsurance

Will polarization kill water cooler chat at Canada’s brokerages?

April 8, 2024 Philip Porado

A polarized social and political climate means one-third of employees at P&C brokerages across Canada avoid conversations about controversial subjects while at work, Canadian Underwriter’s 2024 Brokerage DEI survey finds. The survey asked respondents about numerous aspects of diversity, equity and inclusion

News AnnouncementsAppointmentsBrokersInsuranceProfessional Development

HSB Canada announces new president and CEO

April 8, 2024 by Alyssa DiSabatino

Barbara Bellissimo is the new president and CEO of HSB Canada, part of Munich Re.  She succeeds John Mulvihill, who retired after a 34-year-long tenure with HSB Canada.  Bellissimo’s insurance career began in 1986. She’s since held multiple positions in

Calculating the cost of auto insurance
News BrokersClaimsClaims CanadaInsuranceMarkets / Coverages

Are optional auto benefits a good choice for your clients?

April 5, 2024 by Jason Contant

Ontario’s recent 2024 budget proposes expanded choice for auto insurance consumers by offering more optional accident benefit coverages, but that may wind up being a zero-sum game that sends clients down a slippery slope, suggests Adam Mitchell, CEO of Ontario