Canadian Underwriter

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Gore Mutual

News AnnouncementsAppointmentsInsurance

Gore Mutual shakes up executive team as part of new digital strategy

October 23, 2019 by Jason Contant

Gore Mutual is making a number of key changes to its executive team as part of a new strategy to grow into a digital-led national insurer, the carrier announced Wednesday. It intends to grow beyond its core markets of Ontario

News BrokersInsurance

How to keep Amazon and Google from eating your lunch? Think retail….

October 3, 2019 by Adam Malik

Rather than worrying about the insurance product you’re trying to sell, think about how you’re servicing customers instead. Mukul Ahuja, a partner at Deloitte Canada, discussed a recent study from the business advisory firm about the need to think about

News BrokersInsurance

What brokers can learn about customer service from an airline, a steakhouse and a boot shop

September 25, 2019 by Adam Malik

Eighty percent of CEOs believe they provide great customer service, according to a recent survey from IBM. However, only 8% of customers believed they receive such service. That disconnect could be killing your brokerage. “If you’re sitting here right now

News BrokersInsuranceTechnology

Where do the most innovative ideas come from? Not your CEO

August 29, 2019 by Adam Malik

The next time you’re brainstorming the next big idea, don’t extend a meeting invite to your executives. Instead, make sure as many of your frontline staff members as possible are there. The thing about great ideas, said Aly Dhalla, co-founder

News AssociationsInsuranceLegislation / RegulationMarkets / CoveragesTechnology

Is the slow pace of regulatory change putting the industry at risk?

June 19, 2018 by Jason Contant

The insurance industry is at risk if regulators don’t recognize that consumer expectations are changing and allow consumers the choice of receiving their policy documents electronically, the president and chief executive officer of the Centre for Study of Insurance Operations

News CatastrophesClaimsClimate ChangeInsuranceMarkets / Coverages

$400M Ontario windstorm ‘not quite’ the new normal

June 15, 2018 by Jason Contant

If water is the new fire, then what is weather? For Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction (ICLR), weather is definitely what will be taking the lion’s share of payouts in the next quarter century.

News CatastrophesClaims

Insurers consider weekend storm in Ontario Cat event

April 16, 2018 by Greg Meckbach

Recent severe weather in Ontario, with six inches of ice pellets and winds exceeding gale force in some areas, will most likely be a CAT event, insurance companies report. But with rainfall warnings persisting Monday, one insurer reported more than

News InsuranceProfessional Development

Re-imagine your brokerage office (think retail)

April 5, 2018 by David Gambrill

Brokers need to reinvent how they provide face-to-face advice to their clients, changing their physical office model to reflect a more modern approach inspired by a quick and easy online experience. “Brokers need to start thinking about it in terms

News InsuranceMarkets / CoveragesTechnology

Artificial Intelligence, the latest cybersecurity threat

February 19, 2018 by Jason Contant

Artificial intelligence (AI) could be a double-edged sword for Canada’s property and casualty insurance industry, offering several potentially positive outcomes, but at the same time a new cybersecurity threat. AI is consistently touted by the insurance industry for its potential

News AppointmentsInsuranceMarkets / CoveragesProfessional Development

Gore Mutual welcomes two new executives

January 18, 2018 by Jason Contant

Paul Jackson has been appointed chief marketing and distribution officer for Gore Mutual, effective immediately. Jackson will report to the insurer’s president and CEO Heidi Sevcik. Jackson has played a key role in Gore Mutual’s transformation since joining the organization

News Earnings / RatingsInsuranceMarkets / Coverages

Why insurers don’t want a sudden hike in interest rates

January 8, 2018 by Greg Meckbach

Insurers might be happy if lending rates rise by a few percentage points, but a financial executive with one mutual warns a sudden rise in interest rates carries a noticeable risk. The Bank of Canada announced in December it is

News CatastrophesInsuranceMarkets / CoveragesReinsurance

2018 Outlook: Heidi Sevcik, President, CEO, Gore Mutual Insurance Company

January 2, 2018 Heidi Sevcik

The pace of change in the property and casualty market remains faster than ever before, increasing the need for cooperation and innovation in 2018. The increasing frequency of severe weather events emphasizes the importance of the industry and governments working