Topic Education
Why you might need a diversity, equity and inclusion partner
September 28, 2023 by Alyssa Di SabatinoNeed some help with your brokerage’s efforts to develop a more diverse, equitable and inclusive workplace? Consider partnering with another organization to create recruiting or other interim partnerships, suggested Craig Pinnock, chief financial officer of Northbridge Financial Corporation. “These are the…
Humber, IBAO build new talent pipeline for commercial brokers
September 22, 2023 by David GambrillHumber College and Insurance Brokers Association of Ontario (IBAO) have teamed up to launch a new program to attract and train prospective commercial insurance brokers. Scheduled to start Oct. 1, Humber’s new Commercial Account Manager (CAM) program was established to…
What the industry should do to get more P&C recruits
September 22, 2023 by Alyssa DiSabatinoAs the P&C workforce ages out of the industry and recruits leave for prospects in other sectors, the industry must better highlight the benefits that come with an insurance career. What exactly are those benefits? Compensation, professional development through financial…
How the industry’s talent war shapes insurance education
September 21, 2023 by David GambrillProperty and casualty insurance education is adapting to meet the needs of the industry’s desire for ‘plug-and-play’ talent that can hit the ground running, one panelist told a Live with CU presentation last week. More specifically, educational bodies are entering…
Knowledge transfer key as senior leaders retire: Demographic report
June 2, 2023 by David GambrillDemographic patterns show an emerging need for knowledge transfer strategies while finding qualified people to fill vacated leadership and management positions due to retirement, according to a survey of industry HR professionals for the Insurance Institute of Canada’s 2022-23 industry…
Do you know what’s a material change in IFRS 17?
May 26, 2023 by Jason ContantIFRS 17 implementation has made it a lot harder to understand the material impact of an accounting change, a speaker told the Insurance Bureau of Canada’s recent Financial Affairs Symposium. “We all know the disclosures under IFRS 17 are way…
What key factors spark E&O claims against brokers?
May 25, 2023 by David GambrillSenior broker retirements, a labour shortage that’s spurring firms to bring new, inexperienced employees into brokerages, and a hybrid office may be combining to increase a broker’s errors and omissions (E&O) exposure. “It’s very difficult to track [broker E&O] claims…
Can risk management companies close the talent gap?
April 20, 2023 by Jason ContantA high percentage of today’s pool of risk managers has been working in the industry a long time, and the next largest group are fairly new to the business. Those in the younger group “are excited about what they’ve done…
Easy ways to attract top talent
March 1, 2023 by Jason ContantP&C insurance industry employers should appeal more to what prospective job seekers are looking for, rather that simply listing a series of duties in a job posting, an executive at a recruitment firm suggested. “Job advertisements often can read more…
How to develop the P&C industry’s future leaders
November 8, 2022 by Jason ContantIt’s important for women in Canada’s insurance industry to hear stories about the paths other women leaders have taken to achieve success, said the winner of a national leadership award from the Insurance Institute of Canada. “We need to give…
Aviva exec to lead Insurance Institute’s board
October 27, 2022 by Jason ContantAviva Canada CEO Jason Storah has been elected chairman of the board of governors of the Insurance Institute of Canada (IIC). Storah, who is based in Toronto, was elected following IIC’s 69th annual general meeting, held on Oct. 25 in…
Are driver shortages fuelling a spike in Alberta trucking claims?
October 11, 2022 by Philip PoradoBorder crossing issues stemming from COVID-19 health restrictions, as well as an aging workforce that’s rapidly reaching retirement, has led to an exodus of drivers from Canada’s trucking sector over the past two years. Stresses from that situation are amplified…