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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

News AssociationsInsuranceTechnology

Industry close to consensus on insurer-broker connectivity

May 2, 2018 by Jason Contant

The insurance industry in Canada is getting close to consensus on connectivity between insurance brokers and carriers, an Applied Systems executive said Tuesday at the company’s Executive Symposium in downtown Toronto. “I truly believe that we are fairly close to

News InsuranceTechnology

16 carriers support broker study on API data connectivity

April 30, 2018 by David Gambrill

Ontario brokers have garnered the support of at least 16 insurance companies and “all key broker technology vendors” to participate in a study on data connectivity. The study includes discussion about an Application Programming Interface (API) tech model that would

News Insurance

Mandatory corporate diversity policies soon to be Canada-wide

April 25, 2018 by Greg Meckbach

Amid discussion that insurance industry executives are disproportionately male in an industry composed primarily of women, a proposal to mandate diversity policies for boards of Canadian corporations is one step closer to becoming law. The House of Commons voted April

Ontario legislature at Queen's Park in Toronto, Ontario government
News EmploymentInsuranceLegislation / Regulation

What Ontario’s budget means for women in the province’s P&C industry

April 2, 2018 by Greg Meckbach

Fair wages for women is becoming a “bigger issue” in the insurance industry, says Colin Simpson, CEO of the Insurance Brokers Association of Ontario. “There is proven disparity in the marketplace” between men’s and women’s salaries, Simpson told Canadian Underwriter

News InsuranceProfessional Development

Numbers show gender gap among broker principals

January 17, 2018 by David Gambrill

Membership numbers for the Insurance Brokers Association of Ontario (IBAO) show significantly more men than women are broker principals in Ontario, although the association sees reasons for optimism that the gap is starting to shrink. Numbers released in the IBAO’s

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

2 key concerns for brokers in 2018

January 4, 2018 by Jason Contant

Merger activity and technology are two major issues facing brokers looking forward into 2018, says the new Insurance Brokers Association of Ontario (IBAO) president Brian Purcell. Purcell talked to Canadian Underwriter shortly after beginning his new role as IBAO president

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

Proposed law would make broker discipline hearings public

November 29, 2017 Greg Meckbach, Associate Editor

A rule requiring disciplinary hearings of Ontario brokers be open to the public is currently included in the province’s budget implementation bill, which has yet to be passed. The Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter Wednesday it

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

What’s the hourly wage of an insurance professional?

November 25, 2017 David Gambrill, Editor-in-Chief

Ontario’s recent minimum wage hike up to $15 per hour ruffled a few feathers within the business community, but the new legislation didn’t raise much of a fuss within the property and casualty (P&C) insurance sector. “On this particular issue,

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Brokers answer call to discuss industry’s ‘administration problem’

November 16, 2017 by Canadian Underwriter

Responding to an insurer’s call for carriers and brokers to find tech solutions to help solve the industry’s “administration problem,” brokers have responded by welcoming such a dialogue, citing several initiatives already dedicated to the task. RSA Canada president and

News AssociationsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Ontario broker association suspends partnership with Aviva Canada

October 23, 2017 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) announced on Monday that it is formally suspending its sponsorship partnership with Aviva Canada “for the foreseeable future.” IBAO CEO Colin Simpson argued in a media release that “Aviva continues to leverage the

News Professional Development

Getting younger people into broker channel as a career remains challenging: incoming IBAO president

September 6, 2017 Jason Contant, Online Editor

Getting younger people to choose the broker channel as a career remains a challenge, the incoming president of the Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter in a recent interview. “In the high schools is where it really