Keyword
RCCAQ
Quebec brokers build aggregator to benefit the broker channel
February 10, 2023 by David GambrillQuebec’s broker association has built a new online quote aggregator system by brokers for brokers. “Some insurance companies would call it an aggregator, but I would say it’s more like an online rocket,” said Mathieu Brunet, vice president of MP2B…
Quebec’s brokers act quickly as province moves ahead with plan to re-open economy
May 5, 2020 by Adam MalikThere’s no rush to return to the office for many brokers, but that doesn’t mean there isn’t a lot to think about before heading in. While Quebec announced it will start to end its “pause” on the economy — though…
Online sales without broker intervention: Where Wawanesa stands
August 9, 2018 by Jason ContantNow 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…
Quebec places number on brokerage distribution agreements with insurers
June 18, 2018 by Jason ContantThe 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…
Consumers capable of making online insurance purchases on their own: digital broker
April 2, 2018 by Jason ContantCanadians 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…
Human intervention not required to sell insurance online, digital broker says
March 29, 2018 by Jason ContantProposed 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…
Quebec brokers concerned about regulatory ‘vacuum’ on web sales
January 23, 2018 by Greg MeckbachQuebec 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…
Proposed law requires minimum number of broker quotations
November 22, 2017 David Gambrill, Editor-in-ChiefThe 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…