Topic Insurers
How Canadian P&C firms are developing diversity
November 16, 2023 by Alyssa Di SabatinoRegardless of where Canadian brokerages are in their efforts to build diverse workplaces, they generally agree on three good ways to get there. When asked what actions brokerages could take to increase diversity, survey respondents advocated promoting diverse talent to…
How the P&C industry compares globally on talent risk
November 15, 2023 by Alyssa DiSabatinoIt’s not just the P&C industry that’s struggling to find recruits. Failure to attract and retain talent now ranks as the fourth biggest business risk — its highest ever ranking — in Aon’s Global Risk Management Survey, which gathered responses…
Why there’s no such thing as ‘bad risk’
November 14, 2023 by Adam MitchellNew leads are crucial for any brokerage’s growth and continued business success. Although that’s a no-brainer, here’s something to remember when it comes to converting those leads into clients: there’s no such thing as good risks and bad risks. The…
The Top 10 stolen cars in Canada
November 14, 2023 by Alyssa DiSabatinoFor the second year in a row, the Honda CR-V was the most stolen vehicle in Canada, according to Équité Association. The auto insurance fraud prevention organization today announced its Top 10 Most Stolen Vehicles in Canada, which now includes…
Why this insurer doesn’t have to defend an injured bar patron’s lawsuit
November 13, 2023 by Alyssa DiSabatinoAn Ontario insurer is not required to defend a Woodstock, Ont., sports bar against a “mixed” claim from a patron who said he sustained injuries after he was over-served and then forcibly removed from the bar, the Ontario Superior Court…
Hybrid office: Centre for collaboration, or inefficiency?
November 13, 2023 by David GambrillCanadian property and casualty insurance professionals generally believe they work more efficiently in a hybrid office than at home — although some of this depends how you define workplace “distractions” in a sales culture. In an online survey conducted last…
Why “hotel” offices are not making P&C employees feel at home
November 10, 2023 by David GambrillHotel workspaces may be the rage in hybrid offices, but many Canadian P&C insurance industry employees say they don’t feel at home in the new digs. Hotelling is a shared workspace model where an employee reserves a desk or room…
Is it time for a new approach to systemic cyber?
November 10, 2023 by Jason ContantSystemic cyber risk needs to be tackled with more capacity and ways of dealing with the attritional cyber market, Marc Lipman, president and attorney-in-fact at Lloyd’s Canada, suggested during an industry event last month. “Just like there developed a traditional,…
What’s new about Westland’s latest deals
November 10, 2023 by Alyssa DiSabatinoWestland Insurance announced its partnership with employee benefits and retirement solutions provider Prime Benefits Group Inc. Westland said the deal is part of its strategy to enhance its group benefits portfolio and strengthen its position in the Canadian market. Based…
How Intact’s third quarter results shaped up
November 9, 2023 by Alyssa DiSabatinoIntact saw premium growth in 2023 Q3, but its profitability took a hit because of inflation and the Canadian wildfires, the company reported. Intact saw single-digit premium growth in its personal and commercial lines in 2023 Q3, and predicts this…
Why hay barn fires catch insurers’ attention
November 9, 2023 by Jason ContantThe massive amount of water and firefighting resources required to put out hay barn fires is just one reason why these blazes are so stubborn, an industry professional said at the Farm Fire Summit last week. A multi-million-dollar hay barn…
What today’s P&C hybrid office looks like, post-COVID
November 8, 2023 by David GambrillHybrid workplaces in the Canadian property and casualty insurance industry haven’t changed all that much since the pandemic receded from media headlines 17 months ago. And generally speaking, P&C professionals seem satisfied with their current hybrid arrangements. Canadian Underwriter surveyed more…