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Bank of Canada says near-term inflation higher amid Ukraine war
March 25, 2022 by The Canadian PressOTTAWA – The Russian invasion of Ukraine is adding to inflationary pressures around the world and in Canada, a senior Bank of Canada official said Friday. In a speech by webcast to a conference at the U.S. Federal Reserve Bank…
One way for the P&C industry to train new young leaders
March 24, 2022 by Alyssa DiSabatinoThe P&C industry is struggling to find talent to fill the leadership skills gap, but a new program designed to get prospective executives to hit the ground running may be able to help with that. The New Leader Integration program,…
What the federal Liberal-NDP deal means for P&C insurers
March 22, 2022 by Alyssa DiSabatinoEditor’s Note: This story has been updated to include information from Insurance Bureau of Canada. The Liberal party’s campaign promise to include a higher surtax on the financial sector is one step closer to being implemented, which means higher taxes…
What can P&C insurance learn from racial bias in other financial services?
March 21, 2022 by Alyssa DiSabatinoSome financial services have begun to implement solutions to determine if there’s racial bias in lending and credit rating practices – and it may be applicable to the P&C industry. New research by the Casualty Actuarial Society looks to address the…
Five factors driving M&A activity in 2022
March 15, 2022 by Philip PoradoCalendar 2021 marked the first full year of positive mergers and acquisitions (M&A) performance for the world’s deal makers since 2016, said research compiled for WTW’s Quarterly Deal Performance Monitor. The research, conducted in partnership with the M&A Research Center…
Updated: Canadian P&C industry offers relief to humanitarian efforts in Ukraine
March 9, 2022 by Alyssa DiSabatinoThe Canadian P&C industry is responding to humanitarian relief efforts related to Russia’s invasion of Ukraine, with several carriers beginning to make sizeable donations. The situation in Ukraine has escalated since Russia’s invasion on Feb. 24, and the humanitarian needs…
Returning to COVID-vacated offices comes with challenges
January 26, 2022 by Mark CammisuliHumans weren’t the only ones impacted by the pandemic. The buildings in which we work and live have been subjected to some neglect and we are likely to start seeing the effects of this as we return to our pre-pandemic…
How the pandemic has affected industry recruitment and mentorship
January 25, 2022 by Alyssa DiSabatinoThe war for talent has been an ongoing struggle for the P&C industry. Mix that with the influx of workers leaving their jobs during the COVID-19 pandemic, and the search for talent has become that much more difficult. As a result, companies…
Ottawa loosens eligibility requirements on pandemic relief for businesses, workers
December 24, 2021 by Tara Deschamps - THE CANADIAN PRESSCanada’s federal government offered a lifeline to businesses struggling amid the latest wave of the COVID-19 pandemic by expanding eligibility for two benefit programs. Prime Minister Justin Trudeau and several members of his cabinet announced Wednesday that, due to the…
Small businesses grappling with Omicron, after two years of closures and restrictions
December 23, 2021 by Tara Deschamps - THE CANADIAN PRESSAs the December holidays neared, the Old Triangle alehouses across the Maritimes were bustling with Christmas parties and diners revelling in the festive season. But that energy vanished in recent days as the Omicron variant of COVID-19 raged across Canada…
Travellers should check insurance coverage twice amid changing rules, experts say
December 20, 2021 by Brett Bundale - THE CANADIAN PRESSTravel industry experts are warning Canadians to double check their insurance coverage before embarking on a trip this holiday season amid tightening travel restrictions. Holiday travel has been upended by the latest COVID-19 variant sweeping the globe, prompting some travellers…
Steps to improve talent recruiting efforts
December 13, 2021 by Jason ContantA few relatively simple changes can make a big difference in recruiting efforts for mid-size firms, two workforce management firms said in a recent blog. First, rewrite job postings and descriptions to emphasize the benefits of working for you instead of your specs…