Topic Operations
Why your team needs to focus on software development
September 16, 2022 by Jason ContantOrganizations that achieve faster digital transformation end up becoming more innovative in the long-term, a speaker said Wednesday at the Future of Insurance Canada 2022 conference, hosted in-person in downtown Toronto by Reuters Events. Raj Utraja, vice president of technology…
How Canadian P&C brokers feel about their hours and pay
September 16, 2022 by David GambrillA vast majority of Canadian P&C insurance brokers don’t appear to be “quiet quitting,” a recent Canadian Underwriter online poll suggests. When brokers were asked if they adjust their weekly work hours so they align better with the compensation they…
P&C industry should consider “under-hiring” to fill talent gap: RIMS panel
September 15, 2022 by Alyssa DiSabatinoP&C insurance is still struggling to backfill employees, as executives retire and the Great Resignation directs workers to other industries, industry experts told delegates attending a RIMS Canada Conference panel in Halifax. Possible solutions include turning to students (via apprenticeships),…
Busy month in M&A for BrokerLink, Westland
September 14, 2022 by Jason ContantBrokerLink and Westland Insurance Group announced a series of brokerage M&A deals in September, including the acquisitions of a total of four brokerages and one employee benefits firm between them. BrokerLink announced the acquisition of J.W. Davis Insurance Brokers and…
Post-demutualization: Definity’s plans for the future
September 13, 2022 by Jason ContantDefinity Financial Corporation is maintaining its goal of becoming a Top 5 insurance company through a combination of organic growth and M&A activity, Definity president and CEO Rowan Saunders suggested during a recent financial services conference. “One of the drivers…
Acquisition sees Westland enter new industry vertical, U.S. market
September 8, 2022 by Jason ContantWestland Insurance has entered a new industry vertical and the U.S. market for the first time with the acquisition of Front Row Insurance Brokers Inc., one of the largest and most respected film and entertainment insurance brokers in North America.…
Layoff anxiety: Are your P&C professionals affected?
September 6, 2022 by Jason ContantWith predictions that Canada might be headed for a ‘moderate’ but short-lived recession, Canadian P&C insurance professionals will understandably be concerned about their own job prospects. Living in fear of a layoff can be crippling. Proactively confronting this layoff anxiety…
Are brokers really ‘quiet-quitting’ if they are doing what they are paid to do?
September 1, 2022 by Jason ContantHR experts question whether the new workplace trend of ‘quiet quitting’ – only doing as much work as required (no more, no less) in an attempt to restore work-life balance and prevent burnout – is aptly named and reflective of…
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…
U.S. lawmakers, advocates pushing Ottawa to eliminate ArriveCan, open Nexus offices
August 23, 2022 by The Canadian PressWASHINGTON – Lawmakers and advocates in the United States are ramping up the pressure on the federal government to ease travel delays between the U.S. and Canada. The Canadian American Business Council’s new campaign, “Travel Like it’s 2019,” aims to…
Brokers, how are you coping with your clients’ rising incivility?
August 23, 2022 by David GambrillFamed Canadian civility may be a thing of the past, and Canadian P&C brokers would probably know best, since they have been caught in the crossfire of frustrated clients and unprofitable insurers for the better part of two years during…
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…