Intact Financial Corporation (IFC) has appointed Anne Fortin as president of Intact Insurance, effective Jan. 1, 2024. In her new role, Fortin will have responsibility for the Quebec, West, Ontario and Atlantic divisions of Intact Insurance, the insurer said in…
Private equity firm Southampton Financial Inc. has announced its acquisition of Ontario-based digital insurance brokerage aha insurance. Launched in 2017, Waterloo, Ont.-based aha insurance offers consumers the ability to quote, purchase and manage car and home insurance policies entirely online.…
It’s no longer sufficient for insurance industry board members to talk about diversity across the organization — boards need to actively look at their own diversity and address any gaps, KPMG suggested in a recent thought leadership piece. “To build…
Canadian P&C insurance industry companies may want to consider leveraging existing consumer advertising tactics, including social media channels like TikTok, and apply them to recruitment efforts. It’s no secret the industry continues to face a ‘war for talent,’ particularly as…
MONTREAL – The Lion Electric Co. says it is cutting 150 jobs or about 10% of its total workforce in a move to reduce costs and improve its ability to reach its profitability objectives. Lion Electric chief executive and founder…
It might be easier to attract recruits to insurance if P&C professionals reminisced on what keeps them in the industry, rather than voicing the age-old adage of how they ‘fell in‘ to the profession, experts at Reuters’ Future of Insurance…
It’s not just the P&C industry that’s struggling to find recruits. Failure to attract and retain talent now ranks as the fourth biggest business risk — its highest ever ranking — in Aon’s Global Risk Management Survey, which gathered responses…
Canadian property and casualty insurance professionals generally believe they work more efficiently in a hybrid office than at home — although some of this depends how you define workplace “distractions” in a sales culture. In an online survey conducted last…
Hotel workspaces may be the rage in hybrid offices, but many Canadian P&C insurance industry employees say they don’t feel at home in the new digs. Hotelling is a shared workspace model where an employee reserves a desk or room…
Hybrid workplaces in the Canadian property and casualty insurance industry haven’t changed all that much since the pandemic receded from media headlines 17 months ago. And generally speaking, P&C professionals seem satisfied with their current hybrid arrangements. Canadian Underwriter surveyed more…
Canada’s property and casualty insurance industry needs rebranding to attract talent, and that may mean dropping the word “insurance” from recruitment messaging, delegates attending the National Insurance Conference of Canada (NICC) heard in late September. For consumers, “insurance” may carry…
Registered Insurance Brokers of Ontario (RIBO) is enhancing the standards for becoming a licensed insurance broker in Ontario by making changes to its entry-level exam. The move is part of the regulator’s ongoing efforts to ensure new brokers better understand…