Canadian Underwriter

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Brokers

News BrokersInsuranceMergers and Aqcuisitions

This brokerage is the latest to get into employee benefits

May 24, 2019 by Jason Contant

A family-owned brokerage in New Brunswick has become the latest brokerage to get into the employee benefits space. Personal and commercial lines brokerage Vienneau Insurance announced earlier this week that it has expanded its commercial insurance offering by acquiring the

News BrokersMergers and Aqcuisitions

Is there culture after an acquisition?

May 23, 2019 by Adam Malik

A question posed at a recent event asked how many of the approximately 30 people in the room had ever been part of an acquisition or merger. Almost every hand went up. It seems just about every broker has been

News BrokersInsuranceProductsTechnology

New cyber insurance platform offers quotes using single piece of data

May 23, 2019 by Jason Contant

While online quote and bind systems have historically been cumbersome, one specialist insurer will soon offer a cyber insurance platform with single-question quoting capabilities. Using a single piece of client data, brokers will be able generate a cyber insurance quote

News Brokers

Being offline ‘is a huge red flag’

May 22, 2019 by Adam Malik

Finding a business is much simpler these days. Rather the fishing around for the yellow pages, dropping it with a loud thud on a desk and flipping through the pages, people opt for a much simpler approach – Google. Anyone

News BrokersClaimsInsuranceMarkets / Coverages

Why your clients may not be covered when there’s an active wildfire

May 21, 2019 by Jason Contant

With wildfire season already underway in Alberta and British Columbia, brokers will be looking at how insurance can help their clients mitigate any losses. But brokers and clients alike may not know that the ability to bind coverage could be

News BrokersInsuranceTechnology

Brokers await regulations on bank fintech changes

May 17, 2019 by Jason Contant

As the federal government drafts regulations related to recent Bank Act amendments, the Insurance Brokers Association of Canada (IBAC) is confident that the fundamental aspects of their position have been upheld. Bill C-74, which received royal assent in June 2018,

News Employment

Job hunters are changing the rules around work

May 17, 2019 by Adam Malik

Employers are being expected to offer flexible working options. And job seekers are more than happy to turn down an offer if they aren’t included. IWG, which operates virtual offices around the world, recently released its annual global study which

News BrokersInsuranceMergers and Aqcuisitions

BFL Canada acquires B.C. brokerage

May 15, 2019 by Jason Contant

Large commercial brokerage BFL Canada announced Tuesday the acquisition of British Columbia-based Summit Insurance Brokers Inc. Summit, based in Prince George, was founded in the late 1990s and brings expertise in industrial, commercial and farm risks to BFL Canada. Summit

News InsuranceLegislation / Regulation

Looking for clarity on insurance regulations? Try this new hub…

May 14, 2019 by Adam Malik

The Canadian Council of Insurance Regulators (CCIR) will be launching a new access point this fall to help insurance providers understand licencing and regulatory regimes across Canada. The launch of the Fintech Advisory Hub was met with enthusiasm from the

News BrokersInsurance

Flexible schedule tops list of summer wants

May 14, 2019 by Adam Malik

When it comes to summer perks, Canadian employees want their bosses to give them a more flexible schedule. Almost half (49%) of the 400 respondents to a survey from staffing firm Accountemps said they wanted more opportunities to work from

News BrokersInsuranceTechnology

Why digital transformation gives brokers the edge over directs

May 14, 2019 by David Gambrill

It’s a common misperception that large direct insurance companies have lots of money to invest in the best, most innovative technology, creating a divide between them and smaller, “have not” brokerages. But digital transformation is actually levelling the playing field

News RiskTechnology

Canadian companies paying high cybercrime bills

May 13, 2019 by Adam Malik

Malicious insiders and malware attacks are costing Canadian companies. New research from global professional services company Accenture and data protection research firm Ponemon Institute pegged the average cost of cybercrime to a Canadian company at more than $12 million in