Keyword
Brokers
IBAO continues efforts to maintain restrictions on banks selling insurance
October 22, 2015 Greg Meckbach, Associate EditorWith the five-year review of the federal Bank Act due in 2017, it is “critical” for the Insurance Brokers Association of Ontario (IBAO) to “maintain” its position on banks selling insurance, IBAO President Michael Brattman said Wednesday at the association’s…
RIBO CEO, IBAO graduating CAIB class among those honoured at 2015 convention in Toronto
October 21, 2015 Jason Contant, Online EditorJeff Bear, the CEO of the Registered Insurance Brokers of Ontario (RIBO), was honoured for his more than 30 years of service with the self-regulatory body at the Insurance Brokers Association of Ontario (IBAO) Convention 2015 in downtown Toronto on…
Clients looking to be more involved to understand how Cat events can affect their books of business: AIR Worldwide
October 20, 2015 Angela Stelmakowich, EditorAn evolution has occurred in the catastrophe modelling market in which clients are looking to be more involved so that they can better understand and own their risk, Rob Newbold, a senior vice president with AIR Worldwide, told Canadian Underwriter…
Dual approach seeks to help insurers better understand their specific Cat risk exposures: Willis Re
October 19, 2015 by Canadian UnderwriterWillis Re is hoping to help insurers develop their own independent view of risk with the adoption of a dual approach that involves enhancing and validating output for perils and regions covered by vendor models, as well as building new…
Interesting manoeuvres expected at reinsurance renewal, buyers investigating additional limits: Guy Carpenter
October 19, 2015 by Canadian UnderwriterSome interesting manoeuvers can be expected as reinsurers seek to hold or grow their share of signings in the forthcoming renewals, Nick Frankland, CEO of Europe, Middle East and Africa (EMEA) operations for Guy Carpenter & Company, LLC, suggested Sunday during…
Cyber risk a moving target, customers see pre- and post-event services as key: AGCS
October 16, 2015 Angela Stelmakowich, EditorWith insurers and customers alike still not fully understanding cyber risk and how damaging it could prove, Paul Schiavone suggests pre- and post-event services associated with cyber policies are becoming increasingly important to customers. “Unlike other insurance products that we…
Quebec insurance brokers network taken over by four shareholders
October 6, 2015 by Canadian UnderwriterQuebec City-based Intergroupe Assurances, which specializes in personal, commercial and life insurance and financial services, announced on Tuesday that it is being taken over by a quartet of well-established shareholders in the industry. Intergroupe, which was founded in 1996 by…
NICC speakers discuss role, regulation of managing general agents
October 6, 2015 Greg Meckbach, Associate EditorNICC MONTREAL – The size and extent of the Canadian managing general agent (MGA) market is not clear, and while many are licensed insurance brokers in the provinces in which they operate, the federal Office of the Superintendent of Financial…
The Co-operators acquires Ontario brokerage Browning Insurance Ltd.
October 5, 2015 by Canadian UnderwriterCo-operators General Insurance Company announced on Monday that its wholly-owned subsidiary has purchased Browning Insurance Ltd., based in Chatham, Ont. Details of the purchase were not immediately disclosed. Brokerage Browning Insurance’s portfolio includes personal and commercial insurance policies as well…
Digital’s Essence
October 1, 2015 Brenda Rose , Vice President and Partner, FCA Insurance Brokers; and Technology Champion, Insurance Brokers Association of CanadaThe digital world has created unprecedented possibilities for assembling and exchanging messages. Brokers must be ready to provide “omni-channel” communication to meet customer wants on their terms in this new digital world.
Active Participant
October 1, 2015 Angela Stelmakowich, EditorDoug Heaman, incoming president of Insurance Brokers Association of Ontario, wants brokers to create their own futures.
Driving Awareness
October 1, 2015 Traci Boland, First Vice President, Insurance Brokers Association of OntarioRide-sharing is here to stay. Consumers have demonstrated by their use that they are interested in such services, but may not be fully aware of the risks and current gaps in insurance coverage. Broker advice can help fuel a more protective ride as these services shift into the next gear.