Topic
Professional Development
P&C insurance training enters world of virtual reality
April 25, 2024 by David GambrillCould virtual reality mentors help train recruits in the property and casualty insurance industry? It may sound futuristic, but early iterations of virtual reality and AI-based learning are already being used to help onboard new hires in the industry, panellists…
Which IFRS 17 combined ratio should you use?
April 24, 2024 by Jason ContantWhile a new key performance indicator (KPI) under IFRS 17 was intended to replicate the well-known combined ratio, this equivalence might not hold true in practice when all components and complexities of a real profit and loss statement (P&L) are…
New role for Lloyd’s Canada president
April 22, 2024 by Jason ContantLloyd’s Canada president and attorney-in-fact Marc Lipman has been appointed president of Lloyd’s Americas, effective Sept. 1. Lipman, former chief operating officer of AIG Canada, joined Lloyd’s Canada in June 2020. “Under his leadership, Lloyd’s Canadian business has been reinforced…
3 strategies for improving your cybersecurity posture
April 19, 2024 by Jason ContantGetting the basics right can help an organization improve its cybersecurity posture, a former intelligence officer at the Canadian Security Intelligence Service (CSIS) said during an industry event Thursday. Three basic strategies — mitigate, separate and positive control — can…
Hybrid brokerage/agency rebrands following merger
April 18, 2024 by Jason ContantQuebec 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.…
BrokerLink reveals 18-month growth target
April 16, 2024 by Jason ContantBrokerLink 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…
More brokers willing to risk threat of not acknowledging diversity
April 15, 2024 by Alyssa DiSabatinoThree-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.…
HSB Canada announces new president and CEO
April 8, 2024 by Alyssa DiSabatinoBarbara 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…
How the brokerage talent shortage fuels M&A activity
April 5, 2024 by Alyssa DiSabatinoBrokerage candidate shortages are one of the major drivers of M&A activity — but there’s still a way for small brokerages to compete in the talent war, one P&C recruitment expert tells CU. As competition for talent upticks across Canada,…
Institute launches new phase of industry-wide recruitment initiative
April 4, 2024 by David GambrillSupporting an industry-wide effort to bring new talent into the Canadian property and casualty industry, the Insurance Institute of Canada today introduced its ‘Accelerated Competence Series,’ a program of five new learning modules for industry hires. “The Accelerated Competence Series…
Got retention problems? P&C firms with diverse leadership don’t
March 28, 2024 by Alyssa DiSabatinoIf your brokerage is looking to solve its labour retention problems, consider this: The more diverse a P&C brokerage’s leadership team is, the less likely staff are to consider leaving their jobs. So finds a Canadian Underwriter survey, asking P&C…
Regulator streamlines organizational structure
March 22, 2024 by Jason ContantQuebec’s financial services regulator has announced strategic adjustments aimed at streamlining its organizational structure. “The main adjustments put forward will allow the organization to focus on its clientele and the quality of services provided to them,” the Autorité des marchés…