While the federal government is chipping away at a plan to combat auto theft nationwide, P&C professionals can advise their clients now to help them protect their vehicles, experts said during a Canadian Underwriter webinar last week. “We call it…
With massive retirements on the horizon for the Canadian P&C insurance industry, one organization is taking a multi-faceted approach to address the ‘talent crisis.’ The McGannon Foundation is ‘laser-focused’ on promoting the risk management and insurance profession in Canada through…
Canada’s P&C insurance industry is looking at everything from career fast-track programs to scholarships and student involvement programs to handle talent recruitment challenges. Recruitment has long been an industry challenge. In late January, the Insurance Institute of Canada, the industry’s…
Canada’s P&C insurance industry needs to adapt in three key areas to better recruit and retain prospects among Millennials and Gen Z. First, it should teach recruits tech skills specific to the P&C industry. Second, it should use digital technology…
Competition for available qualified underwriting talent is fierce. “We’ve got candidates in the mix that will often have two or three offers in hand,” said Stefan Rolfe, associate director of insurance at Impact Recruitment. “And they can often bounce one…
According to Ngawang (Noah) Choedon, everyone has a responsibility to give back. It’s why she takes every opportunity to help develop the new generation of P&C entrants. It’s also why she was recognized with the Insurance Institute of Canada’s Emerging…
One out of every five Canadian businesses surveyed said they don’t know enough about cyber insurance, suggesting an open window for brokers and insurers to provide educational support, a new cyber survey from Travelers Canada suggests. “I think what the…
Valérie Lavoie is now head of the Insurance Institute of Canada (IIC)’s board of governors. The Insurance Institute is the educational arm of the property and casualty (P&C) insurance industry. IIC is charged with setting professional standards for the industry…
Insurance Institute of Canada’s latest demographics research report provides a comprehensive analysis of the state of the P&C insurance industry’s workforce. Listen as Brad Neal, the Institute’s vice president of business development and strategic partnerships, dives deep into the 2022-23…
With the Global Federation of Insurance Associations (GFIA) citing a $900-billion cyber insurance protection gap, Canadian brokers are seeing a huge growth opportunity in cyber, with some predicting cyber insureds will ultimately overtake the proportion of those covered by property…
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…
OTTAWA – The RCMP says it has introduced mandatory security awareness training for employees, one of several changes prompted by the 2019 arrest of a senior civilian member for allegedly leaking classified information. The Mounties say they have also made…