Topic
Brokers
How this brokerage is re-opening to the public
April 29, 2020 by Greg MeckbachTo help serve its auto customers better, a Regina-based brokerage that shut its doors to the public due to COVID-19 plans to start letting clients into its offices. “Our brokerages have been doing what we can without physically seeing the…
Canadian Broker Network membership expansion
April 29, 2020 Canadian Broker NetworkTORONTO, ON, APRIL 29, 2020/insPRESS/ – Canadian Broker Network (CBN), Canada’s leading network of independent insurance brokers, is pleased to announce the expansion of its membership. To our newly formed Best Practices Group and the CBN member community, we are pleased to…
How brokers can protect themselves from lawsuits during COVID-19
April 28, 2020 by David GambrillBroker advice and advocacy are shining brilliantly during the days of the global pandemic, with insurer products, coverage options and consumer relief packages in a constant state of flux. Many in the P&C industry have noted that broker value has…
Brokers enduring short-term pain for post-pandemic gain
April 28, 2020 by Adam MalikInsurance brokers are facing short-term increased workloads for little — and even negative — reward during the COVID-19 pandemic. But these efforts are laying the groundwork for future prosperity, whether that be in terms of money, trust and recruitment, P&C…
Will the pandemic spawn an industry-wide digital roadmap?
April 23, 2020 by Adam MalikBacking brokers into a corner and forcing them to use just one kind of technology is bad strategy, Joseph Carnevale, president of the Insurance Brokers Association of Ontario (IBAO), warned Wednesday during Canadian Underwriter’s webinar Business Continuity In The Digital…
How brokers in B.C. are handling fraud and auto insurance during COVID-19
April 23, 2020 by Jason ContantBrokers in British Columbia are temporarily allowed to conduct insurance transactions such as vehicle insurance renewals by phone and email during the novel coronavirus (COVID-19) pandemic. Measures are also being put in place to verify the identity of the customer…
Economic risks of returning to normal too quickly
April 22, 2020 by Adam MalikReturning to some sort of normalcy is still some time away, according to one economist. And rushing to do so would likely be worse than waiting. It’s best, experts argue, to wait for public health officials to give the green…
The “dark side” of working from home: How to avoid an isolated workforce
April 21, 2020 by David GambrillBefore COVID-19, there was a lively debate within the Canadian P&C industry about the virtues and pitfalls of working from home, featuring the industry’s skeptics (a.k.a. the “Boomers”) and proponents (the “Millennials”). Well, guess what? The pandemic has made us…
How insurance will be hurt by a lagging economy
April 20, 2020 by Adam MalikThe Canadian property and casualty insurance industry is okay — for now. But the longer the global COVID-19 pandemic drags on, the greater the risk that the economic fallout and financial instability will impact the industry’s financial position, warns MSA Research…
Industry panelists to discuss business continuity in the age of COVID-19
April 17, 2020 by David GambrillCanadian Underwriter will host a free webinar exploring how brokers’ business continuity plans have responded and will continue to respond during the unfolding drama of the global COVID-19 pandemic. Scheduled for 1 pm EST on Wednesday, Apr. 22, the panel…
Should the hard market run its course through COVID-19?
April 17, 2020 by Jason ContantAs the economic fallout from the COVID-19 pandemic continues during a hard market cycle, the solution to consumers’ woes may not be as simple as providing premium relief, one Quebec broker says. “We’re not seeing premium relief from insurers to…
How Zurich and BFL helped Bauer’s move to make face shields
April 17, 2020 by Adam MalikSports equipment maker Bauer made headlines when it announced it would shift its production to making face shields for front line employees deemed essential during the COVID-19 pandemic. Behind the scenes helping to make it possible was its broker, BFL…