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News BrokersInsurance

How Trudeau’s wage subsidy package will affect brokers and their clients

March 31, 2020 by Jason Contant

Brokers will likely see their incomes “relatively stable” during the COVID-19 crisis, at least for the time being, said the head of Ontario’s brokers association. “Generally, I think brokerages – if they have a spread of clients, which most of

News BrokersClaimsClaims CanadaCommercial LinesInsurance

How IBAO wants brokers to treat pandemic business interruption losses

March 27, 2020 by Greg Meckbach

With the widespread impact of pandemic-induced business income losses, the property and casualty industry is looking for a good way of dealing with a high volume of potential business interruption notices of loss. “The IBAO is asking business clients not

News BrokersInsurance

Why it matters that insurance is declared to be an “essential service”

March 24, 2020 by Adam Malik

The insurance industry will continue to operate as an essential service after Quebec and Ontario issued orders for many companies to close their doors due to the COVID-19 pandemic. And that’s a relief for consumers, brokers and insurers, say industry

Feature

Big Moves – A different class of leadership

December 26, 2019 by Greg Meckbach

Once a student at the head of his broker class, Joseph Carnevale will become president of IBAO in 2020

News Brokers

Why brokers should ‘shoot the breeze’ with clients

September 25, 2018 by Greg Meckbach

While brokers communicate with clients for a variety of reasons, such as renewals and claims, “shooting the breeze” can be just as beneficial for the business, suggests a speaker scheduled to address next month’s Insurance Brokers Association of Ontario annual

News AssociationsBrokersInsuranceTechnology

Will consumers soon be able to access policy documents electronically?

September 6, 2018 by Jason Contant

How close is the industry to consistently allowing consumers to access insurance documents electronically, such as by email? “It’s a bit of a hodge podge out there at the moment,” Colin Simpson, CEO of the Insurance Brokers Association of Ontario

News BrokersInsuranceProfessional DevelopmentTechnology

Why IBAO decided to move CAIB exams online

August 16, 2018 by Jason Contant

The Insurance Brokers Association of Ontario (IBAO) is anticipating “significant” time and cost savings as the exams for the Canadian Accredited Insurance Brokers (CAIB) program move to a “fully digital experience” in the province by December. “We’ll no longer be

News Brokers

The key for brokers to stand out from the competition

June 11, 2018 by Greg Meckbach

For property and casualty insurance brokers, providing “exceptional customer service” is at least as important as the insurance products themselves, suggests one underwriter. “There are a lot of people out there who sell insurance,” Jenny Hallahan, manager of underwriting for

News AssociationsBrokersInsuranceTechnology

Major agreement toward resolving broker-carrier data exchange issues

May 29, 2018 by Jason Contant

Key players in Canada’s P&C industry have reached an agreement to pursue an application programming interface (API) hub solution, called the BrokerFlow solution, to solve the current data connectivity gap between insurers and brokers. The “solution phase” is set to

News AssociationsBrokersInsurance

Ontario brokers asked to educate election candidates

May 28, 2018 by Greg Meckbach

To prepare for the June 7 Ontario election, brokers should be prepared to explain very basic concepts about the property and casualty insurance industry to political candidates, a former head of the provincial brokers’ association suggests. Many election candidates “don’t

News BrokersMarkets / CoveragesProducts

Do sophisticated water models select against smaller insurers?

May 22, 2018 by Jason Contant

The sophistication of technology for rating overland flood could conceivably lead to smaller insurers ending up with a disproportionate share of flood risks on their books in the event of a cat, which could spell trouble for consumers. Insurance Brokers

News BrokersInsuranceMarkets / Coverages

Brokers worried that Ontario auto problems will force companies to exit market

May 11, 2018 by Jason Contant

Brokers in Ontario are concerned that if auto insurance in the province remains unsustainable, companies may start to leave the market. Traci Boland, chairwoman of the Insurance Brokers Association of Ontario (IBAO), spoke to Canadian Underwriter Thursday about trends in