Topic
Professional Development
Broker regulator working on ‘logistics’ of public hearings
November 30, 2017 Greg Meckbach, Associate EditorRegistered Insurance Brokers of Ontario officials are “giving some thought” to how they will make disciplinary committee hearings public, RIBO’s chief executive officer said Thursday. “Just because the hearings are required to be held in camera doesn’t mean that we…
What OSFI expects insurers to know about reinsurance
November 30, 2017 Jason Contant, Online EditorWhile the Office of the Superintendent of Financial Institutions (OSFI) expects federally regulated insurers (FRIs) to comply with its guideline on reinsurance, it realizes that “this guidance was not always well-understood by the industry and [has] identified opportunities to clarify…
Proposed law would make broker discipline hearings public
November 29, 2017 Greg Meckbach, Associate EditorA rule requiring disciplinary hearings of Ontario brokers be open to the public is currently included in the province’s budget implementation bill, which has yet to be passed. The Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter Wednesday it…
GRC coverage mix-up lands brokerage in hot water with regulator
November 29, 2017 by Canadian UnderwriterEditor’s Note: An earlier version of this story incorrectly referred to Keith Jordan as a broker who had been found in violation of the Council’s Code of Conduct. In fact, Jordan was the operating agent for HUB at the time…
Calling all data scientists: Canada’s P&C industry wants you
November 28, 2017 David Gambrill, Editor-in-ChiefCanadian property and casualty (P&C) insurers seeking to advance their artificial intelligence (AI) capabilities will have a tough time recruiting data scientists to help them transform their data into genuine business insights, says a recruiter who works with the P&C…
What’s keeping risk managers up at night?
November 27, 2017 Jason Contant, Online EditorDarius Delon, a consultant and president of Risk Management 101, told Canadian Underwriter Monday what he sees as the top concerns for risk managers. Here are his Top 3 risks: Number 1: Awareness about legislative changes In some instances, organizations…
P&C People: Who’s doing what
November 25, 2017 David Gambrill, Editor-in-ChiefQuebec regulator names inaugural fintech director The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec’s financial sector, has appointed Moad Fahmi to the new position of director of fintech and innovation. “This new function will foster the collaboration that…
What’s the hourly wage of an insurance professional?
November 25, 2017 David Gambrill, Editor-in-ChiefOntario’s recent minimum wage hike up to $15 per hour ruffled a few feathers within the business community, but the new legislation didn’t raise much of a fuss within the property and casualty (P&C) insurance sector. “On this particular issue,…
Why future recruits will flock to the automated insurance workplace
November 23, 2017 David Gambrill, Editor-in-ChiefWhile it remains to be seen whether or not the industry’s anticipated move to automate “paper pushing” roles over the next decade will spawn major job losses, the industry may have an easier time attracting youth to the more advanced…
Broker CE on mobiles. What’s next, Virtual Reality classrooms?
November 20, 2017 David Gambrill, Editor-in-ChiefContinuing Education (CE) for brokers will likely make its way onto mobile devices in the short term, with the world of Virtual Reality classrooms to follow over the longer term — perhaps in the next five to 10 years, says…
Commercial brokers close to “holy grail” of data integration
November 19, 2017 by Canadian UnderwriterToronto Insurance Conference (TIC), an association of Canadian commercial insurance brokers, is poised to launch a proof of concept leading towards real-time data integration — the “the holy grail” of commercial lines insurance. It’s a big step towards real-time data…
P&C people: Who’s doing what?
November 17, 2017 Greg Meckbach, Associate EditorEconomical Insurance has hired a new personal lines EVP, while The Guarantee Company of North America’s former chief executive officer is now a senior fellow for the C.D. Howe Institute. Economical welcomes MacDonald to the team Economical Insurance announced Tuesday…