Canadian Underwriter

Topic MGAs

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News AdjustersBrokersLicensingMGAsOntario

Regulators’ principles of conduct: Are ‘MGAs’ the same as retail brokers?

April 13, 2022 by Jason Contant

The Financial Services Regulatory Authority of Ontario (FSRA) is proposing to adopt principles of conduct for insurance intermediaries, including adjusters, brokers, MGAs and third-party administrators. Whether the principles apply to MGAs in the same way as retail brokers is open

Photo of Jodie Kaufman Davis
News HRManagementMGAs

Burns & Wilcox’s new president in Canada

April 12, 2022 by Jason Contant

Editor’s Note: This story has been updated to include information from Burns & Wilcox   Jodie Kaufman Davis has been promoted to expanded leadership roles, including president of Burns & Wilcox Canada. “Jodie is the first-ever president of Burns &

Business man travelling the world to acquire insurance.
News CannabisClaimsCommercialCyberEmerging RisksInsurersLiabilityLicensingMGAs

Placing business with non-licensed markets: What to look for

March 31, 2022 by Greg Meckbach

Clients looking for property and casualty coverage have options other than insurers licensed to write coverage in Canada. But brokers and managing general agents say there are hazards and tax implications when placing with an unlicensed or non-admitted insurer. And

Hybrid workforce model. Choosing between In-office, Remote or Hybrid model. Work from home WFH.
News AdjustersBrokersClaimsClaims ProfessionalsInsurersMGAsOperations

How Canada’s P&C industry is reacting to the hybrid office

March 31, 2022 by David Gambrill

Seventy-one per cent of Canada’s P&C industry reports being happy with their new hybrid office arrangements, according to a Canadian Underwriter online poll. Almost 46% reported being ‘very satisfied’ with moving to hybrid work, while a further 26% were satisfied.

'Disclosure' typed with an old typewriter.
News BrokersHRInsurersLegalMGAs

Fee disclosure: Where national guidance meets provincial regulation

March 29, 2022 by David Gambrill

If you are a broker concerned about fair dealing with consumers, must you disclose your premiums that are baked into their premium rates? Or only those fees separate and apart from your commissions? In fine Canadian fashion, the answer depends

Binders with papers waiting to be processed
News BrokersCommercialInsurersLicensingMGAs

Brokers and carriers react to MGA self-regulation

March 28, 2022 by Jason Contant

Property and casualty insurance carriers and brokers have embraced the Canadian Association of Managing General Agents’ (CAMGA) self-regulatory regime, the association’s managing director tells Canadian Underwriter. Late last year, CAMGA’s board and membership approved and adopted the undertaking as a

Business people shaking hands in the office. Group of business persons in business meeting. Three entrepreneurs on meeting in board room. Corporate business team on meeting in modern office. Female manager discussing new project with her colleagues. Company owner on a meeting with two of her employees in her office.
News BrokersMGAsOperations

Talent crunch getting tighter, broker survey shows

March 23, 2022 by David Gambrill

Finding qualified talent is the biggest challenge facing almost seven out 10 Canadian brokerages right now. And the talent crunch is getting even tighter. Sixty-nine per cent of brokers report finding qualified workers their biggest challenge – a 7% increase

Digital fingerprint on computer keyboard.
News CyberInsurersMGAs

How insurers and brokers are adapting to cyber-pricing shifts

March 22, 2022 by Jason Contant

MGAs and insurers continue to report increased severity and frequency of cyber claims. In fact, in-house data shows cyber claims have been increasing for years, said Lindsey Nelson, cyber development leader at CFC Underwriting. Simultaneously, the take-up of cyber insurance

A set of dice that spell "rebrand," with one letter per dice. A hand is pushing the first two dice forward.
News MGAsPersonal HomeProperty

Canadian MGA adopts new national brand

February 1, 2022 by Alyssa DiSabatino

Agile Underwriting Solutions announced that Guardian Risk Managers and Exhale Insurance will be rebranded under Agile, effective Feb. 1, 2022.  Agile, based in Nova Scotia and owned by Westland Insurance, is an MGA that specializes in hard-to-place personal and commercial

Report about intangible assets on tablet
News MGAsTechnology

Intangible asset damage can be as costly as physical loss

January 27, 2022 by Greg Meckbach and Jason Contant

You can’t light them on fire. A tornado can’t blow them away. They won’t rot of mold when wet. Still, damage to intangible assets, like brand recognition and reputation, can harm a business as much as the destruction of a

ransomware on computer screen
News CyberLegalMGAsOperationsTechnology

Ransomware claims: behind the scenes

January 27, 2022 by Ashley Burdon

Sadly, many of your clients will have fallen victim to cybercrime over the past couple of years – their data held hostage, systems suspended, or payments redirected by some faceless criminal halfway around the world. Worse, despite the clear benefit

Woman checking her watch waiting for flight
News CommercialMGAs

Flight delayed because the crew has COVID? You’re covered for that….

January 14, 2022 by Jason Contant

Insurtech Blink Parametric has partnered with Canadian managing general agent (MGA) AwayCare for real-time flight disruption coverage for Canadian travellers worldwide.   Blink announced the partnership with travel insurance provider AwayCare, which has offices in Ontario, Alberta, and British Columbia. The