Topic
Brokers
CU Webinar: Industry execs to discuss impact of economic recession on Canada’s P&C industry
June 12, 2020 by David GambrillWay back in 2020 Q1, before the world turned upside down, the Canadian property and casualty insurance results were on the rebound from a difficult prior year. But on Mar. 11, 2020, the World Health Organization declared the novel coronavirus…
Ontario government halts commercial evictions in COVID 19 pandemic
June 8, 2020 THE CANADIAN PRESSTORONTO – The Ontario government is putting a temporary ban on commercial evictions to help small business owners who are struggling to pay their rent amid the COVID-19 fallout. Premier Doug Ford says the moratorium applies to small businesses who…
By how much did premiums increase this year before COVID-19?
June 4, 2020 by Adam MalikGlobal insurance accounts of all sizes and in all lines were hit by premium pricing increases in 2020 Q1, including increases in some areas that haven’t been seen in nearly 20 years, a new survey has found. Premiums for all…
How COVID will impact the AGM of Canada’s national broker association
June 4, 2020 by Greg MeckbachThe Insurance Brokers Association of Canada (IBAC)’s annual general meeting, originally scheduled this September in New Brunswick, will not be conducted in person. “We all know that we are in the throes of a global pandemic that hasn’t been experienced…
Q&A: Business Continuity in the Digital Age
June 2, 2020 by David GambrillMany insurance professionals in the Canadian property and casualty insurance industry are taking a long-term view of the global novel coronavirus pandemic, seeing a world beyond the point at which a vaccine is developed and the virus no longer presents…
Opinion: Are your clients buying enough E&O coverage?
June 1, 2020 By Tom Chaplin, CFC UnderwritingYour clients are putting themselves at greater risk if they’re relying on general liability instead of proper errors and omissions coverage to guard against any issues that may arise. The responsibility falls to brokers to ensure their clients have the…
Q&A: Business Continuity in the Digital Age
June 1, 2020 by David GambrillAs an industry challenged by all of the various disasters that the world has to offer, many Canadian property and casualty insurance companies already had business continuity plans in place to keep their operations running in the face of a…
Better safe than sued: How to advise your clients on temperature screening, glove use
May 29, 2020 by Adam MalikYour commercial clients may expose themselves to legal risk if they don’t adhere to all government recommendations to protect clients and employees from the spread of coronavirus while re-opening, legal professionals warned. As social distancing rules loosen in various parts…
Q&A: Business Continuity in the Digital Age
May 29, 2020 by David GambrillIt’s often been said that insurance is a “people business,” but establishing and maintaining personal relationships is challenged by social distancing requirements to prevent the spread of a global pandemic. Certain professional roles within the industry are perhaps more suited…
Contactless payment in a pandemic: There’s an app for that
May 29, 2020 by David GambrillRetail clients of brokers and insurers can now prevent the spread of the novel coronavirus by taking advantage of digital, contact-free payment methods now available on mobile apps. Increasingly, businesses will have to operate within the health and safety guidelines…
These types of businesses are in serious need of a cyber policy
May 28, 2020 by David GambrillWith ransomware and financial fraud on the rise, smaller businesses in Canada are vulnerable, particularly less-sophisticated organizations that move large amounts of money. For smaller brokerage houses selling cyber, examples of your next opportunities may be car dealers, people involved…
Q&A: Business Continuity in the Digital Age
May 28, 2020 by David GambrillRunning day-to-day operations is a challenge when your employees aren’t all in the same physical location. Although the Canadian P&C insurance industry is an essential service (and is therefore allowed to keep its offices open), most the industry’s workforce has…