Segment
Brokers
Protecting your receivables: Execs in CU webinar discuss the options
June 19, 2020 by David GambrillCanada’s pandemic-induced economic recession is now in full swing, and although businesses are gradually starting to open up after a decline in COVID-19 infection rates, there is a great deal of speculation about insolvencies. And that has the P&C industry…
How the industry can take advantage of artificial intelligence
June 18, 2020 by Greg MeckbachBrokerages who use artificial intelligence could find opportunities to upsell based on changes in a client’s lifestyle, according to a software vendor executive. The more data you feed a machine learning model and the more you train it, the better…
Which vehicles will cost your clients the least to insure?
June 18, 2020 by Adam MalikCar shopping includes finding out how much insurance costs for one vehicle over the other and clients with a Mazda CX-3 will see the lowest insurance rates, according to a recent report. California-based online insurance quote aggregator site Insure.com annually…
Opinion: What’s the future of remote work for brokers post-pandemic?
June 17, 2020 Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.One question top of mind for brokers and their clients is: Will this remote work environment be something that we’ll see for the long term? Maybe not entirely, but there are parts we can take to make the broker world…
Why brokers should ask clients about trailers
June 16, 2020 by Greg MeckbachAs pandemic restrictions start to loosen and campgrounds open for the summer, brokers might want to ask home and auto customers if they own trailers. “It’s up to the broker to find out what type of trailer a customer owns,…
Andrew Agencies buys Saskatoon brokerage with two offices
June 16, 2020 by Greg MeckbachSaskatoon Insurance Agencies, which places home, auto, commercial and farm coverage, has been acquired by Andrew Agencies Ltd. effective June 1. Based in the Manitoba community of Virden, about 80 kilometres west of Brandon, Andrew now has 20 offices in…
How the economic recession changed the game for Canadian brokers, insurers
June 16, 2020 by Adam MalikThe COVID-19 pandemic has pushed broker to be more than just advisors of insurance coverage — they’re offering broader financial guidance and services to their clients. Meanwhile, the economic recession resulting from the pandemic shifted the carriers’ focus towards “operational…
How insurance company websites just beat out brokers in a U.S. consumer satisfaction study
June 15, 2020 by David GambrillFor the first time in two decades, insurance company websites in the United States have become a more popular place for consumers to buy their auto insurance than through the broker channel, a U.S. auto insurance consumer satisfaction study has…
CU Webinar: Industry execs to discuss impact of economic recession on Canada’s P&C industry
June 12, 2020 by David GambrillWay back in 2020 Q1, before the world turned upside down, the Canadian property and casualty insurance results were on the rebound from a difficult prior year. But on Mar. 11, 2020, the World Health Organization declared the novel coronavirus…
Cybersecurity an afterthought for businesses during the pandemic, study suggests
June 5, 2020 by Adam MalikCybersecurity has become an afterthought for commercial clients amid the coronavirus pandemic, with companies not implementing enough safeguards for employees working from home, a new report warns. Not only are few companies providing employees with company devices so that they…
By how much did premiums increase this year before COVID-19?
June 4, 2020 by Adam MalikGlobal insurance accounts of all sizes and in all lines were hit by premium pricing increases in 2020 Q1, including increases in some areas that haven’t been seen in nearly 20 years, a new survey has found. Premiums for all…
How COVID will impact the AGM of Canada’s national broker association
June 4, 2020 by Greg MeckbachThe Insurance Brokers Association of Canada (IBAC)’s annual general meeting, originally scheduled this September in New Brunswick, will not be conducted in person. “We all know that we are in the throes of a global pandemic that hasn’t been experienced…