Keyword
COVID-19
Why the pandemic hit these Canadian sectors particularly hard
August 16, 2022 by Jason ContantHospitality was the sector hardest hit by the pandemic in Canada, but that industry was already challenged with access to capacity prior to both the pandemic and the current hard market, Deloitte said in a recent report. The impacts of…
Where Canada’s P&C insurance professionals are at with COVID
August 2, 2022 by David GambrillWhen deciding whether to attend industry events in-person, just over half of Canada’s risk professionals are casting a wary eye on COVID-19, while about one in three are ready to move on, according to responses received in a Canadian Underwriter…
Is it business as usual for brokers post-pandemic?
June 14, 2022 by Alyssa DiSabatinoAlthough public health indicators have seemingly stabilized and provinces are doing away with COVID-19 restrictions, clients aren’t all rushing to change their policies mid-stream, say brokers. In fact, many clients seem to be sticking to the policy changes they made…
How broker E&O tracked during the pandemic
June 14, 2022 by Jason ContantBroker errors and omissions (E&O) claims grew during the pandemic for those who failed to maintain adequate levels of coverage for their clients, a broker E&O specialist says. While home and auto claims were down due to lockdowns, resulting in…
How to attract and retain young workers post-pandemic
May 12, 2022 by Jason ContantAs more employees in the Canadian P&C industry retire and the industry continues to face a talent crunch, some are looking to young workers to fill the gap. New research from the University of Massachusetts Amherst shows that the social…
Adapting management styles for the post-COVID workplace
April 28, 2022 by Alyssa DiSabatinoManagers must develop different management skills for the post-COVID world, say panellists at the Insurance Institute of Canada’s Pivot with Purpose webinar. As many organizations begin their transition to a hybrid work model, companies have a responsibility to adapt their…
How employers are incentivizing the return to the office
April 27, 2022 by Alyssa DiSabatinoMany in the P&C industry plan to return to work in-person, so companies may want to consider ways to incentivize their employees to return to their offices, suggests a panellist at the Insurance Institute of Canada’s Pivot with Purpose webinar.…
By how much UBI use increased during the pandemic
April 20, 2022 by Jason ContantCanadian drivers appear to be gravitating toward usage-based insurance (UBI) as the COVID-19 pandemic stretches past its second year. Since 2019, there has been a 40% increase in the number of drivers opting into UBI when filing out a car…
Key challenges facing your construction industry clients
April 6, 2022 by Jason ContantAn ongoing labour shortage, exacerbated by the COVID-19 pandemic, is one of the key issues facing the construction industry in general, says the head of risk control with Travelers Canada. “I think the biggest prolonged challenge that comes around, seems…
Post-pandemic trends in auto insurance
April 4, 2022 by Alyssa DiSabatinoWhile it may be too early to tell how the end of provincial COVID-19 restrictions are influencing auto insurance claims, industry experts are bracing for higher claims severity, a return to pre-pandemic levels of traffic, higher auto rates due to…
Manufacturers look to budget for help on supply chain problems, domestic production
April 1, 2022 Jordan Press - THE CANADIAN PRESSOTTAWA – The federal Liberals are being asked to muscle space in next week’s budget to help Canada become more productive, and lay investments to lure new companies as part of a push to simplify pandemic-strained supply chains. For years,…
Travel insurance enters new world, as pandemic restrictions ease
March 25, 2022 by Jason ContantThe federal government’s easing of COVID-19 travel restrictions will generally make it easier for travellers to get insurance coverage, since some providers weren’t in the position to offer coverage when travel advisors were at a higher level, travel insurers tell…