Segment
Brokers
Canadian auto and property insurance rates headed in opposite directions
February 1, 2021 by Jason ContantAverage personal auto premium rates in Canada decreased 2.6% in 2020 Q4 compared to the same period in 2019, but some provinces did see an increase, according to the latest results from Applied Systems’ premium rate index. On average, both…
How Aon Canada is promoting LGBT+ inclusion
January 29, 2021 by Greg MeckbachAon Canada plans to do a voluntary workforce survey, which would include questions about sexual orientation. Last year, the global insurance brokerage launched an employee self-identification campaign in the United States, said Sean Kavanagh-Lang, national broking director for operations, data…
Your clients are more willing to share personal data for a better insurance deal
January 26, 2021 by David GambrillConsumers are increasingly willing to share their personal information with their insurers as long as it will help them prevent injury and loss, according to a recent consumer research conducted by Accenture. The caveat here is that consumers don’t trust…
Senior execs to discuss a post-COVID world in the Canadian P&C industry
January 22, 2021 by David GambrillWith the arrival in Canada of vaccines for the SARS-CoV-2 coronavirus, it’s now possible for the country’s property and casualty insurance industry to conceive of a post-COVID world. What will the Canadian P&C industry look like after September 2021? (This…
The latest in brokerage deal-making
January 20, 2021 by Jason ContantBrokerage NFP has expanded its property and casualty brokerage presence in Ontario with the acquisition of EdgeHill Insurance Brokers Ltd. The deal is the latest mergers and acquisitions news in the Canadian P&C space. Also in the news, Canadian Broker…
How Canada’s P&C professionals feel about working from home
January 19, 2021 by David GambrillMost Canadian P&C insurance industry professionals would like to see more hybrid, flexible working arrangements once the health threat of the global COVID-19 pandemic has subsided. “I’m not really keen to go back to five days a week [in the…
RCCAQ reacts to Quebec curfew
January 18, 2021 by Greg MeckbachQuebec’s insurance brokers should not experience any major disruptions as a result of the province-wide evening curfew imposed a week ago, the chair of the Regroupement des cabinets de courtage d’assurance du Quebec (RCCAQ) predicts. The curfew took effect on…
How stay-at-home order impacts Ontario brokers
January 15, 2021 by Greg MeckbachSome Ontario brokers still need to work in their bricks-and-mortar offices amid the strict lockdown imposed Thursday by the provincial government. Although many brokerages are digital and have staff working from home, others are at the “opposite end of the…
Executive Outlook 2021: Paul Martin, KRGInsure/RRJ Insurance Group
January 14, 2021 by David GambrillPaul Martin, President, Chief Operating Officer, KRGInsure/RRJ Insurance Group Limited Employee engagement will be one the biggest challenges we face in 2021. Managing a remote workforce for a long period of time is a skill set many of us do…
The role of digital transformation in Westland’s acquisition strategy
January 14, 2021 by Jason ContantExpanded opportunities for digital transformation are one of the key reasons behind Westland Insurance Group Ltd.’s recent acquisition of Storm Insurance Group, Westland told Canadian Underwriter Tuesday. British Columbia-based Westland closed its acquisition of Storm Jan. 7. Storm operates under…
Brokers negotiate major role in this province’s digital auto insurance distribution
January 14, 2021 by Greg MeckbachManitoba’s brokers will provide input on designing a system for online auto insurance in the province and will be involved in every digital transaction, says the provincial broker association. A recently-signed, five-year agreement between Manitoba Public Insurance (MPI) and the…
A primer on business planning for the ‘new normal’ after COVID
January 8, 2021 by David GambrillAs the arrival of vaccines in Canada promise to put an end to the pandemic, insurers and brokers now face the same task as their commercial clients: Creating a business plan for the ‘new normal,’ after the threat of COVID-19…