Topic
Brokers
Trusted advisors take centre stage
July 1, 2020 David Gambrill, Editor in ChiefCanadian Underwriter recently surveyed 653 home and auto insurance customers, as well as 159 commercial insurance policyholders, all of whom buy their insurance through the broker channel. We asked them to tell us what they thought about the service they were receiving from their brokers. Here is what they told us…
Here’s how P&C pros say the recession will impact insurance
June 26, 2020 by Adam MalikThe recession will be long and painful so brokers and insurers need to settle in and do what they do best, property and casualty experts said. And don’t be surprised if some mergers and acquisitions activity push forward as tough…
You’re probably working too much while at home
June 25, 2020 by Adam MalikEmployees are working longer and harder in a COVID-19 world than they did before, and it’s raising concerns about burnout — especially when many aren’t making vacation plans, according to a number of recent studies. A recent survey showed that…
Receivables and the recession: What does it say about your value as a broker if you don’t ask clients to pay?
June 24, 2020 by Adam MalikYes, times are tough, and brokers’ commercial clients are in a difficult financial situation during an economic recession, but brokers still have to ask their clients to pay their premiums. Brokers need their clients to pay up so that they’re…
How Alberta brokers are faring with hail claims
June 23, 2020 by Greg MeckbachBrokers with clients in northeast Calgary are getting overwhelmed with claims from the June 13 storm, a board member of the province’s association says. “You can just hear the exasperation in their voice when you talk to them, and the…
One indirect way for brokerages to protect their receivables during the pandemic
June 23, 2020 by Adam MalikOn the heels of an ominous Canadian Federation of Independent Business survey last month that shows 12% of Canadian small and medium-sized businesses owners are considering bankruptcy or winding down their business because of COVID-19, brokerages can protect their own…
Brokers urged to stay on top of coverage changes as businesses re-open
June 22, 2020 by David GambrillBrokers are advised to be aware of the “second wave” — and that doesn’t refer to the anticipated increase in the number of novel coronavirus infections in the fall. No, brokers are now being cautioned about the new wave of…
The likelihood that COVID-19 could kill a Canadian P&C insurer
June 22, 2020 by Adam MalikThere’s a chance COVID-19 could claim a Canadian insurer, one property and casualty insurance expert believes. “Canada has been blessed for a sustained period with no insurer failings — but there will be one,” warned Alister Campbell, president and CEO…
Which vehicles will cost your clients the least to insure?
June 18, 2020 by Adam MalikCar shopping includes finding out how much insurance costs for one vehicle over the other and clients with a Mazda CX-3 will see the lowest insurance rates, according to a recent report. California-based online insurance quote aggregator site Insure.com annually…
Opinion: What’s the future of remote work for brokers post-pandemic?
June 17, 2020 Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.One question top of mind for brokers and their clients is: Will this remote work environment be something that we’ll see for the long term? Maybe not entirely, but there are parts we can take to make the broker world…
Why brokers should ask clients about trailers
June 16, 2020 by Greg MeckbachAs pandemic restrictions start to loosen and campgrounds open for the summer, brokers might want to ask home and auto customers if they own trailers. “It’s up to the broker to find out what type of trailer a customer owns,…
Andrew Agencies buys Saskatoon brokerage with two offices
June 16, 2020 by Greg MeckbachSaskatoon Insurance Agencies, which places home, auto, commercial and farm coverage, has been acquired by Andrew Agencies Ltd. effective June 1. Based in the Manitoba community of Virden, about 80 kilometres west of Brandon, Andrew now has 20 offices in…