Keyword
Sonnet
Sonnet ‘first step in a multi-step journey’: Economical’s SVP and chief marketing officer
April 10, 2017 Jason Contant, Online EditorFully online insurance company Sonnet is the “first step in a multi-step journey” and the learnings from that process will be applied back to other parts of Economical Insurance’s business, Economical senior vice president and chief marketing officer Michael Shostak…
Broker ‘still a valuable partnership’ for Economical Insurance despite Sonnet launch: CIO
March 2, 2017 by Canadian UnderwriterEconomical Insurance’s recently-launched direct writer, Sonnet, is one example of “disruptive innovation” in the Canadian industry, a speaker told insurance professionals at a recent conference, though a senior executive of Economical suggested there is a “significant segment” of the market…
ICTC speaker urges insurers to be ‘more receptive to the better mousetrap’
March 1, 2017 Greg Meckbach, Associate EditorThere are many ways in which technology can help insurers, but they need to be able to respond quickly and not be so “old school,” panelists at a recent conference told industry professionals. “I think there is lots of room…
Economical Insurance gross written premiums up 4.8% in Q4 2016 to $521.8 million
February 22, 2017 by Canadian UnderwriterEconomical Insurance has reported that gross written premiums (GWP) for the fourth quarter of 2016 ending Dec. 31 grew by $23.8 million, or 4.8%, to $521.8 million from $498 million in Q4 2015. In particular, personal lines premiums grew by…
Economical Insurance gross written premiums up 6.7% to $550 million in third quarter of 2016 from prior-year quarter
November 7, 2016 by Canadian UnderwriterEconomical Insurance has reported that gross written premiums (GWP) were up by 6.7% to $550.3 million in the third quarter of 2016 ending Sept. 30 from $515.9 million in Q3 2015. In the first nine months of 2016, GWP were…
Economical Insurance expecting “significant growth” in broker channel over the next five years: Gavan at IBAO Convention
October 21, 2016 Jason Contant, Online EditorEconomical Insurance is expecting “significant growth” in its broker channel over the next five years, possibly 25% bigger than where it is today, outgoing president and CEO Karen Gavan said on Thursday during the 96th annual Insurance Brokers Association of…
Sonnet adds personal auto to digital platform
September 19, 2016 by Canadian UnderwriterEconomical Insurance’s new online direct channel, Sonnet, announced on Monday that it has added personal auto to its digital platform. Sonnet originally went live on May 9, offering personal home insurance, including homeowner tenant, condo and landlord insurance. Sonnet said…
Economical Insurance board names Rowan Saunders president and CEO effective Nov. 1
July 27, 2016 by Canadian UnderwriterThe board of directors of Economical Insurance announced on Wednesday that Rowan Saunders has been named president and CEO effective Nov. 1. Having served as president and CEO of RSA Canada since 2003, Saunders (pictured right) will “further the vision…