Topic HR
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…
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…
Uptick in business bankruptcies just the tip of the iceberg: CFIB
August 19, 2022 by The Canadian PressTORONTO – A small business lobby group says commercial bankruptcies are rising in Canada and even more small businesses are at risk of closure. Data from the Office of the Superintendent of Bankruptcy Canada shows small business insolvencies have been…
Are brokers and agents marketing effectively to women?
August 18, 2022 by Canadian Underwriter StaffMore than 60% of women don’t have an insurance agent, compared with fewer than half (48.1%) of men, according to a new study from Zelros, a Paris-based insurtech with offices in Montreal and New York. The survey includes data from…
Employee engagement: managers need support, too
August 15, 2022 by Jason ContantManagers are in the best position to help their employees’ social and emotional needs in the hybrid workplace, but managers themselves need more support, too, said a recent blog from Harvard Business Review. In this hybrid work world, it can…
How P&C companies can improve their DEI outlooks
August 11, 2022 by Alyssa DiSabatinoAlthough many in the industry understand the value of diversity, equity and inclusion (DEI), companies that aren’t sold on the value proposition may nevertheless benefit from viewing DEI as risk management, suggests The Canadian Association of Black Insurance Professionals (CABIP).…
‘Quiet quitting.’ Are your brokers at risk?
August 9, 2022 by Jason ContantHigh stress is one reason a broker might choose to leave the industry, but employers should be aware of another phenomenon affecting the broader working community today – ‘quiet quitting.’ Quiet quitting is silent withdrawal from the overbearing pressure of…
National Canadian brokerage reports 110% revenue increase
August 2, 2022 by Jason ContantNFP has grown dramatically in Canada over the last three years, with a 110% expansion in revenue, the large national brokerage reported late last month. “NFP in Canada is 20 times larger than it was five years ago,” Scott Saddington,…
Is specialization the best route to broker independence?
July 27, 2022 by Jason ContantA bevy of challenges, including M&A frenzy, rapidly evolving technology, automation and directs, has spurred some independent brokerages to focus on specialization. And some are even divesting of personal lines. “From a client perspective, it’s great to have a broker…
Where employers are having difficulty attracting and retaining talent
July 27, 2022 by Jason ContantAttracting and retaining IT and digital talent remains the biggest challenge for companies around the world, and it’s an even bigger problem for employers than it was in 2021, according to a recent survey from WTW. IT/digital talent remains the…
Does it matter how brokers define independence?
July 25, 2022 by Jason ContantWhat’s the best way for a P&C broker to maintain its independence? Depends who you ask. Back in April, Insurance Brokers Association of Ontario president Joseph Carnevale told Canadian Underwriter that independence is linked to the broker value proposition to…
Gallagher buys Canadian executive search firm
July 18, 2022 by Jason ContantIn an age of non-stop brokerage-to-brokerage M&A, Arthur J. Gallagher & Co. has taken a different approach with its latest acquisition. Rolling Meadows, Ill.-based Gallagher today announced acquisition of Toronto-based Four Corners Group Inc., an executive search firm operating throughout…