Topic Insurers
Segment these customers to boost your pandemic sales
July 21, 2020 by Adam MalikInsurers are going to need to show maximal flexibility when it comes to selling insurance policies, since a record amount of people are out of work due to the COVID-19 pandemic and won’t have a lot of extra cash to…
A P&C insurance-specific guide for returning to the office: Deloitte
July 21, 2020 by David GambrillAs Canadian P&C insurance industry leaders start to think about bringing employees back to the office, now is a good time to re-think the work required, the workforce skills that will be needed in the future, and what the future…
Facing a perfect storm of events, insurers brace for a ‘turbulent future’
July 21, 2020 by Adam MalikWith natural catastrophes starting to hit, the economy in rough shape, and the courts poised to weigh in on potential business interruption exposures, insurance companies are buckling in for a rough ride ahead, a recent report warns. Natural catastrophe (NatCat)…
What reinsurance renewals looked like in July: Willis Re
July 20, 2020 by David GambrillAnyone expecting the global pandemic to cause a dramatic reduction of global capital during 2020 Q2 renewals on July 1 were in for a pleasant surprise, as suggested in a recent report by Willis Re. “Q2 2020 has witnessed a…
How COVID affected the digital journeys of Aviva Canada and Marsh Canada
July 17, 2020 by Greg MeckbachThe pandemic could permanently change the way brokers and insurers take advantage of digital services. “I think the interesting thing about COVID that we have seen – not just in the insurance industry but in the broader context – is…
Two ways your clients are most likely to get hacked during COVID-19
July 17, 2020 by Adam MalikCybercriminals are showing much better success with phishing and social engineering attacks while everyone is working from home during the COVID-19 pandemic, says a recent report. In fact, in a highly-publicized incident just days ago, Twitter confirmed it was the…
Court dismisses class action against insurers for handling of HST in auto AB claims
July 17, 2020 by David GambrillOntario’s Superior Court has quashed a proposed class action lawsuit against 16 Ontario auto insurers — a dispute related to insurers deducting HST tax from accident benefits paid out to minor auto accident injury victims — because only the LAT…
Your commercial clients are preparing for long road back to normal
July 16, 2020 by Adam MalikIf brokers and insurers wonder when the next opportunity might be to sell more commercial premium, it could be at least another six months. That’s when about half of Canada’s small businesses expect to return to normal profitability, according to…
Maurice Tulloch steps down as Aviva CEO
July 16, 2020 by David GambrillMaurice Tulloch has stepped down from his role as Aviva Group CEO and retired from his position on the Aviva plc board, citing “family health reasons,” Aviva plc has announced. Tulloch joined Aviva in 1992, shortly after graduating with a…
Why insurers cross their fingers after microburst storms in Toronto
July 15, 2020 by Adam MalikOld infrastructure and combined sewer systems mean that severe thunderstorms like the one seen last week will continue to leave basements flooded for years to come, leaving insurers and claims professionals busy, according to an industry expert. “When you get…
Why e-sports could be insurance’s next big opportunity
July 14, 2020 by Adam MalikOpportunities for insurance in the e-sports space has grown to a point where it can’t be ignored, says an industry observer. Video gaming is at an all-time high during the COVID-19 pandemic, according to information collected by data and measurement…
P&C execs to discuss how COVID-19 has improved the P&C industry’s digital health
July 14, 2020 by David GambrillWhen it comes to the Canadian P&C industry offering digital solutions to its customers during the COVID-19 pandemic, it seemed that the virtual landscape was a Brave New World just four months ago. Digital mailboxes, videoconferencing, electronic pink slips and…