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Online sales without broker intervention: Where Wawanesa stands

August 9, 2018 by Jason Contant

Now that Wawanesa Mutual Insurance Company will soon be selling exclusively through brokers in Quebec, what does it think about online sales without the intervention of a broker? “I’m not a big fan of quote and buy online, because I

News AssociationsBrokersInsuranceMarkets / Coverages

Quebec places number on brokerage distribution agreements with insurers

June 18, 2018 by Jason Contant

The Quebec National Assembly has adopted Bill 141, which will require brokerages in the province to have at least three distribution agreements in place for personal lines with insurers “that are not in the same financial group.” Hypothetically, brokerages could

News AssociationsInsuranceLegislation / RegulationTechnology

Consumers capable of making online insurance purchases on their own: digital broker

April 2, 2018 by Jason Contant

Canadians are rejecting the notion that personal lines insurance is such a complicated product that consumers are incapable of making their own insurance purchase decisions without the advice of a broker, a digital broker told Canadian Underwriter recently. “I don’t

News InsuranceMarkets / CoveragesTechnology

Human intervention not required to sell insurance online, digital broker says

March 29, 2018 by Jason Contant

Proposed regulatory changes allowing the sale of property and casualty insurance in Quebec without human intervention might actually benefit consumers and not harm them, a digital brokerage told Canadian Underwriter Wednesday. Scott Loong, co-founder and CEO of Montreal-based digital brokerage

News AssociationsInsuranceLegislation / Regulation

Quebec brokers concerned about regulatory ‘vacuum’ on web sales

January 23, 2018 by Greg Meckbach

Quebec brokers are pushing for a prohibition on buying property and casualty insurance over the Internet without some involvement from a broker or agent. Under the province’s proposed Bill 141, the Act respecting the distribution of financial products and services

News AssociationsInsuranceMarkets / Coverages

Proposed law requires minimum number of broker quotations

November 22, 2017 David Gambrill, Editor-in-Chief

The Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ), a Quebec broker association, is concerned about a proposed change to provincial law that would require brokerages to quote a minimum of four markets on any insurance proposal. Quebec introduced