Keyword
Insurance Institute of Canada
5 skills insurance pros need in a more virtual world
June 30, 2021 by Adam MalikEveryone in the insurance industry today must have a minium of five skills, and companies need to hire and manage to these skills, according to an insurance executive. Digital skills, emotional intelligence, resiliency, people-centricity, and being a team player are…
Tips for accelerating your insurance career
March 17, 2021 by Jason ContantIf Ernest Mashingaidze has one piece of advice he could share with his early career self, it would be to not fear the mystical creature. “How many times have people looked at a job application and it says you need…
Why you need to define your personal brand early in your career
March 16, 2021 by Jason ContantDefining your personal brand early in your insurance career path can pay dividends in the long-run, viewers attending an Insurance Institute of Canada webinar heard recently. Three-quarters of lifetime earnings are defined within the first 10 years of a person’s…
Licensing exams now offered in a virtual format
February 9, 2021 by Jason ContantLicensing exams for Ontario’s brokers are now available in an online, virtually-proctored format, the result of a partnership between the Insurance Institute of Canada and Ontario’s broker regulator RIBO (Registered Insurance Brokers of Ontario). “This is welcome news to many…
How new equivalencies for Alberta broker wannabes will work
October 30, 2019 by Greg MeckbachFor Alberta brokerages, the ability to use a Chartered Insurance Professional (CIP) designation won’t necessarily make it easier for brokers to get licensed, but it will probably provide a better learning experience, officials with the Insurance Institute of Canada suggest.…
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…