Canadian Underwriter

Topic Operations

Two businesswomen shaking hands to seal the deal
News BrokersCommercialManagementMergers and AqcuisitionsOperations

By much how did M&A deals increase year over year?

July 19, 2022 by Jason Contant

The M&A market continues to burn red-hot, with deals for property & casualty and benefits brokers in Canada and the United States up 16% in the first half of 2022 compared to 2021, according to M&A advisory firm OPTIS Partners.

Egg in a vice to illustrate high pressure on workers.
News BrokersCommercialCommercial AutoConstructionInsurersOperationsPersonal AutoPersonal HomePropertyTrusted Advisor

Hard market challenges aside, brokers not racing for the exits

July 12, 2022 by David Gambrill

Canada’s hard market in insurance remains the Number 1 concern of new and experienced brokers alike, as well as brokerages big and small, according to Canadian Underwriter‘s 2022 National Broker Survey. The gender split among respondents was most prominent, with

Help wanted sign in office window.
News BrokersHROperationsTrusted Advisor

Alongside the hard market, brokers face talent crunch

July 4, 2022 by David Gambrill

Canada’s hard market continues to be brokers’ Number 1 concern, with impacts being felt in several key areas — namely, workloads, resources, pay structures and work satisfaction, our 2022 National Broker Survey found. “Companies not wanting to write risks,” one

News CatastrophesHROperations

Meet CatIQ’s new president and CEO

June 28, 2022 by Jason Contant

Laura Twidle will be the new president and CEO of Catastrophe Indices & Quantification Inc. (CatIQ), taking over from company founder and well-known insurance industry figure Joel Baker on July 1. Twidle has served as CatIQ’s managing director since 2019.

Cropped shot of a young computer programmer looking through data
News CyberEmerging RisksInsurersOperationsRisk ManagersTechnology

What the regulator’s focus on digital risk means for you

June 27, 2022 by David Gambrill

Expect Canada’s solvency regulator to become more active in overseeing the P&C industry’s digital risks. “Insurers have become more digital with changes in business models and service delivery,” OSFI superintendent Peter Routledge said in prepared remarks to insurers attending the

Arrows pointing to profit and loss as if it was a road sign.
News CommercialCommercial AutoConstructionOperationsPersonal AutoPersonal Home

What’s to blame for P&C industry’s quarterly profitability decline?

June 23, 2022 by Canadian Underwriter Staff

At first glance, 2022 Q1 results for Canada’s P&C industry would support the idea that high profits aren’t sustainable. Industry-wide return on equity dipped to 11.5% in 2022 Q1, compared to 19% in 2021 Q1. But the profitability decline stemmed

Stakeholders conducting a strategic planning review in the boardroom
News Emerging RisksLicensingMGAsOperations

Regulator to engage MGA sector on emerging risks

June 22, 2022 by Jason Contant

Canadian Insurance Services Regulatory Organizations (CISRO) will soon be engaging Canada’s national MGA association to find out the emerging risks for the sector, the regulator said during a recent industry event. “Later this year, CISRO will be engaging CAMGA [Canadian

Group of business people assembling a jigsaw puzzle
News BrokersCommercialManagementManitobaMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal HomeSaskatchewan

Canadian P&C brokerage space sees four M&A deals in June

June 8, 2022 by Jason Contant

Merger and acquisition activity in the Canadian P&C insurance industry is showing no sign of slowing down in the second half of 2022, with the announcement of four transactions by three brokerages already since the beginning of June. McDougall Insurance

Traffic signs for four-day and five-day work weeks
News HROperationsTrending

Four-day work week: Will it work for your P&C office?

May 30, 2022 by Jason Contant

If you’re considering implementing a four-day work week at your P&C workplace, it’s important to realize the potential drawbacks of this approach, as laid out in a blog from Harvard Business Review. “Before trying a four-day workweek, employers need to

IT engineer working on protecting a network
News CommercialCyberManagementOperationsTechnology

A unified cybersecurity strategy is the key to protecting businesses

May 30, 2022 by The Canadian Press

By Camelia Radu, Associate Professor in Accounting, Universite du Quebec a Montreal (UQAM) and Nadia Smaili, Professor in Accounting (forensic accounting), Universite du Quebec a Montreal (UQAM) – THE CONVERSATION This article was originally published on The Conversation, an independent

Control to dial risk up or down.
News OperationsRisk Managers

How better risk controls have helped Canada’s P&C industry thrive

May 26, 2022 by Philip Porado

Over the past 20 years, a transition from traditional risk management approaches to enterprise risk management (ERM) helped Canada’s property and casualty insurance industry post stronger performance and financial health, compared with many other industries. A recent Insurance Institute study

London Bradley, incoming president and CEO of Allstate Canada
News HRInsurersOperations

Top leadership changes at Allstate Canada

May 25, 2022 by Jason Contant

Allstate Insurance Company of Canada has announced London Bradley is its new president and CEO. Bradley assumed the role of president and CEO of Allstate Canada, Pembridge Insurance Company, Pafco Insurance Company and Ivantage Insurance Brokers Inc. (collectively ACG), effective