Topic Brokers
Swiss Re report shows trajectory of insured flood losses
September 2, 2022 by Alyssa DiSabatinoInsured flood losses doubled to $80 billion during 2011-20 compared to the previous decade, and global flood losses reached $20 billion alone in 2021, Swiss Re reports. “Increased wealth, larger populations and urbanization have raised flood risk exposures across the…
Are brokers really ‘quiet-quitting’ if they are doing what they are paid to do?
September 1, 2022 by Jason ContantHR experts question whether the new workplace trend of ‘quiet quitting’ – only doing as much work as required (no more, no less) in an attempt to restore work-life balance and prevent burnout – is aptly named and reflective of…
New online platform ‘Bridges’ the gap between brokers and MGAs
August 31, 2022 by David GambrillCanadian managing general agencies (MGAs) have developed a new real-time, online platform that allows brokers to match their quote applications with MGAs underwriting that specific class of business. Once the match has been made, the platform promises to shave days,…
How much time you waste toggling between applications
August 31, 2022 by Alyssa DiSabatinoAs insurance becomes increasingly digitized, brokers and other professionals may feel as if they’re spending more time toggling between apps and websites than they are doing their jobs, but there may be a better way to spend the workday, according…
An economist explains: What you need to know about inflation
August 24, 2022 by Nicholas LiThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Inflation is one of the most pressing political and economic issues…
Meet Navacord’s new president of MGA underwriting solutions
August 24, 2022 by David GambrillNavacord Corp. has appointed Greg Irvine into the newly created role of president of MGA underwriting solutions, effective Sept 6, 2022. Irvine brings more than 20 years of insurance industry experience to Navacord and will be leading all managing general…
What insurers are doing to improve recruiting
August 23, 2022 by Philip PoradoIt’s not your imagination, COVID-19 really did throw a wrench into the insurance industry’s ability to hire and retain talent, says a new Deloitte report on the state of Canada’s P&C industry. It found industry demand for people with the…
Brokers, how are you coping with your clients’ rising incivility?
August 23, 2022 by David GambrillFamed Canadian civility may be a thing of the past, and Canadian P&C brokers would probably know best, since they have been caught in the crossfire of frustrated clients and unprofitable insurers for the better part of two years during…
Ontario cheers U.S. bill proposing EV tax credits, but still no local incentives
August 22, 2022 by Holly McKenzie-Sutter THE CANADIAN PRESSPlans to expand a proposed U.S tax credit on electric vehicle purchases to cover North American-made cars is a boon for Ontario’s auto sector, but the province isn’t planning any buyer incentives for local drivers. Ontario’s economic development minister, Vic…
Do new cars reduce fatality for women in accidents?
August 19, 2022 by Alyssa DiSabatinoWomen are safer driving newer cars, a new report by the U.S. National Highway Traffic Safety Administration suggests. Female fatality risk compared to male fatality risk is significantly reduced in newer vehicles, starting with model year 2000, the report finds.…
Behind the scenes of an aggressive brokerage consolidator
August 19, 2022 by Jason ContantSynex Business Performance plans to end this year with more than $1 billion in premium, a far cry from its humble beginnings of $3 million in premium just seven years ago. Currently, the Quebec City-based holding company has about $800…
B.C. broker suspended one year for misrepresenting principal driver of her car
August 18, 2022 by David GambrillA B.C. broker’s license has been suspended for one year after a regulatory investigation into her processing her own ICBC Autoplan transactions uncovered that she had misrepresented the principal driver of her personal vehicle on several ICBC policies. “Council found…