Keyword
Insurance Institute of Canada
Watch out for these ‘nefarious’ ways of eating brokers’ lunch
August 28, 2019 by Greg MeckbachBrokers could be in for a nasty surprise if the concept of bundling auto insurance with vehicle lease or purchases catches on in Canada, a Symposium West speaker warned last week. An auto manufacturer is “not a traditional competitor” in…
Thoughts on industry consolidation from a retiring CEO
August 26, 2019 by Greg MeckbachConsolidation in the insurance industry is reducing consumer choice and putting more pressure on employees, Steve Smith, president and CEO of Cambridge, Ont.-based Farm Mutual Reinsurance Plan Inc., said during his second last week on the job. “To me it’s…
The better way to sell insurance to Millennials
August 20, 2018 by Jason ContantIf the insurance industry wishes to sell more products to Millennials, the industry must adapt to what Millennials want, and not the other way around, according to a recent white paper from Cake & Arrow, a New York City-based agency…
Bigger may not always be better to insure
May 3, 2018 by David GambrillSupertall structures, buildings more than 300 metres high or 90 storeys tall, are in vogue right now, raising interesting insurance challenges, according to a recent industry trends report released by the Insurance Institute of Canada. “Increasingly complex high-rise building projects…
Desjardins’ weather alerts: sign of a preventative insurance model?
March 19, 2018 by Jason ContantDesjardins General Insurance Group (DGIG) will soon launch severe weather alerts allowing consumers to take pre-emptive steps to protect their property from potential damage. The move is indicative of a larger trend towards a preventative insurance model, as found in…
Uber suspends testing of automated cars after pedestrian killed
March 19, 2018 by David GambrillUber has suspended all testing of its self-driving cars after an Uber car in autonomous mode reportedly struck and killed a woman in Phoenix, Arizona. Uber suspended its testing of autonomous vehicles in Toronto, Phoenix, Pittsburgh and Arizona after a…
Your only hope to prevent a higher reinsurance bill this year
January 16, 2018 by Greg MeckbachInsurance rates will rise in Canada this year unless catastrophe losses are lower than normal, a speaker suggested to industry professionals Tuesday. “I do expect that as this year unfolds, unless we have a very benign 2018, we do expect…
The insurance industry’s challenge in recruiting forensic engineers
December 8, 2017 Greg Meckbach, Associate EditorThe challenge for the property and casualty insurance industry in recruiting young engineers is that engineers generally want to make things instead of figuring out why things crashed or burned. “We have had a challenging time servicing our clients in…
Why future recruits will flock to the automated insurance workplace
November 23, 2017 David Gambrill, Editor-in-ChiefWhile it remains to be seen whether or not the industry’s anticipated move to automate “paper pushing” roles over the next decade will spawn major job losses, the industry may have an easier time attracting youth to the more advanced…
New Insurance Institute webinar to explore the sharing economy as an “opportunity and a threat” for Canadian p&c industry
May 30, 2017 by Canadian UnderwriterThe Insurance Institute of Canada (IIC) will host a webinar examining the sharing economy as both an opportunity and a threat to the Canadian p&c industry. The webinar is scheduled for June 14 at 1 p.m. EDT. It offers “future-forward…
Can-Sure Underwriting & Beacon Underwriting promotes Cameron Copeland to president
April 18, 2017 by Canadian UnderwriterCanadian property and casualty managing general agency (MGA) Can-Sure Underwriting and Beacon Underwriting announced on Tuesday that Cameron Copeland will assume the role of president. Copeland assumed the role effective April 15, succeeding Can-Sure founder Jeff Hart, who has “decided…
Intact reports Q1 cat losses of $88 million, aims to double direct-to-consumer business in ‘near term’
April 7, 2017 by Canadian UnderwriterIntact Financial Corp. recently reported its catastrophe losses, net of reinsurance, were $88 million for the first three months of 2017. Toronto-based Intact also says it wants to “double” its direct-to-consumer business in the “mid-term” and is nominating Sylvie Paquette,…