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The likelihood that COVID-19 could kill a Canadian P&C insurer
June 22, 2020 by Adam MalikThere’s a chance COVID-19 could claim a Canadian insurer, one property and casualty insurance expert believes. “Canada has been blessed for a sustained period with no insurer failings — but there will be one,” warned Alister Campbell, president and CEO…
What effect will investor pressure have on the insurance industry?
June 19, 2020 by Adam MalikDemands are being placed on the insurance industry and that could set up some tense moments with a couple of groups, suggested the head of Zurich Canada. Demand from insurers, investors and shareholders are significant challenges to the industry as…
Protecting your receivables: Execs in CU webinar discuss the options
June 19, 2020 by David GambrillCanada’s pandemic-induced economic recession is now in full swing, and although businesses are gradually starting to open up after a decline in COVID-19 infection rates, there is a great deal of speculation about insolvencies. And that has the P&C industry…
How the economic recession changed the game for Canadian brokers, insurers
June 16, 2020 by Adam MalikThe COVID-19 pandemic has pushed broker to be more than just advisors of insurance coverage — they’re offering broader financial guidance and services to their clients. Meanwhile, the economic recession resulting from the pandemic shifted the carriers’ focus towards “operational…
How brokerages can avoid the ‘single point of failure’ while workforce is at home
April 30, 2020 by Adam MalikBrokerages need to make sure they’re investing in technology that benefits the brokerage as a whole rather than promoting a silo-type of environment, Steve Whitelaw, vice president of industry and partner relations at Applied Systems, cautioned in a webinar recently.…
How will COVID-19 change cybersecurity?
April 27, 2020 by David GambrillThe business email from your chief financial officer seems innocent enough: “Hey Larry, the client changed their bank account information. Can you send them money to their new bank account number?” Under ordinary circumstances — that is, before the novel…
Will the pandemic spawn an industry-wide digital roadmap?
April 23, 2020 by Adam MalikBacking brokers into a corner and forcing them to use just one kind of technology is bad strategy, Joseph Carnevale, president of the Insurance Brokers Association of Ontario (IBAO), warned Wednesday during Canadian Underwriter’s webinar Business Continuity In The Digital…