Topic Insurers
Hospitality cover? This is a job for the Business Insurance Action Team
March 15, 2021 by Greg MeckbachHospitality clients are starting to get coverage from multiple carriers on a subscription basis through the Business Insurance Action Team, says the CEO of one of the participating insurers. Cambridge, Ont.-based Gore Mutual is participating in the BIAT, launched in…
How to hire during a pandemic
March 15, 2021 by Adam MalikDuring the pandemic, in the absence of being able to meet job candidates face-to-face during the hiring phase, it’s best to arrange multiple meetings to get a better sense of what your new recruits are like, and whether they are…
Auto claims alert: It’s Daylight Savings Time again
March 12, 2021 by Jason ContantDespite a big increase in road injuries and fatalities following the switch to Daylight Savings Time (DST), 40% of Canadians are unaware of the risks on the road the day after DST begins, according to a new survey commissioned by…
This mutual aspires to break into Top 10 by the 2030s
March 12, 2021 by Greg MeckbachIf multiple Juno-winner Tom Cochrane were to analyze your industry, he might say, “My Gore’s going to play in the big leagues.” Gore Mutual Insurance Company, based in Cambridge, Ont., has big ambitions. Although the mutual currently commands less than…
Heena Patel, RSA Canada
March 12, 2021 by Greg MeckbachHeena Patel, Senior Vice President, Chief Auditor, RSA Canada Advertising to more potential job candidates and raising awareness among managers about unconscious bias are among the measures the property and casualty insurance industry can take to help women advance into…
What’s behind reduced auto risk sharing pool usage
March 11, 2021 by Adam MalikThe use of risk sharing pools for private passenger auto insurance in Ontario and Alberta dropped last year, according to Facility Association. And when it came to the overall usage of risk sharing pools across the country, there was a…
Why home insurance was so profitable for Intact in 2020
March 11, 2021 by Greg MeckbachThe hard market in home insurance is helping Canada’s largest P&C insurer make a healthy profit. But insurers need to maintain pricing discipline in personal property because weather catastrophe costs are increasing over time, suggests the chief financial officer at…
Bank of Canada keeps key interest rate target on hold despite more upbeat forecast
March 11, 2021 by Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday even as it said it now expects the economy will grow over the first three months of this year, an about-face from its previous forecast just…
Energy regulator invites comment on Trans Mountain pipeline’s insurer secrecy request
March 10, 2021 by The Canadian PressCALGARY – The Canada Energy Regulator is inviting public comment on a request by the operator of the Trans Mountain pipeline to protect the identity of its insurers, with the comment period extending beyond the requested deadline. In an online…
Monica Ningen, Swiss Re
March 10, 2021 by Jason ContantMonica Ningen, President, CEO, Swiss Re Canada and the English Caribbean Women at all stages of their careers in the insurance industry continue to face barriers such as higher performance standards, harsher judgement for mistakes than their male counterparts, and…
What insurers aren’t passing on to their clients
March 9, 2021 by Adam MalikCanadian consumers are still foggy about the purpose and content of their home, auto and business insurance, and the onus is on the industry to help them understand, a pair of industry executives said during a recent webinar. Discussions with…
Aviva Canada wants to talk to you about reducing your carbon footprint
March 8, 2021 by David GambrillAviva plc has set an aggressive target to become a net zero carbon emissions company by 2040. “Aviva is taking bold steps to help tackle the climate crisis,” Amanda Blanc, Aviva Group’s CEO, said when announcing the 2040 Net Zero…