Segment
Brokers
Outstanding brokers recognized for community and professional contributions as part of the 2013 IBAO Awards of Excellence
October 28, 2013 by Canadian UnderwriterLinda Papadopoulos of Pearson Dunn Insurance Inc. in Stony Creek, Ontario has been honoured as broker of the year by the Insurance Brokers Association of Ontario (IBAO). Papadopoulos, a broker for almost three decades, is a volunteer career ambassador for…
Auto premiums must be risk-based, reform of Ontario territories should be considered: CEOs
October 28, 2013 by Canadian UnderwriterIBAO Convention 2013 – The notion of 50 territories and contiguous territories with differentials in Ontario needs reform, Maurice Tulloch, former president and CEO of Aviva Canada and now CEO of Aviva U.K. & Ireland General Insurance, suggested at the…
Industry must make it clear to consumers that 15% auto premium reduction is an average, CEO says
October 25, 2013 Angela Stelmakowich, EditorIBAO Convention 2013 – It is essential to remember the 15% auto insurance rate reduction recently mandated by the Ontario government is an average – meaning not all consumers, regions or companies will be affected in precisely the same way.…
Severe weather requires advice from brokers, restrictions from government: CEOs
October 25, 2013 Greg Meckbach, Associate EditorIBAO Convention 2013 – As Canada gets more extreme weather events, insurance brokers will have an even greater opportunity to give advice to residential customers about coverage for water damage, suggest the chief executive officers of some major Canadian carriers…
Multi-use mobile apps, ‘next-generation’ portals key innovations in customer experience improvement
October 24, 2013 by Canadian UnderwriterBundling various functions in a mobile application and managing customers’ deliver preferences for information are among the top innovations that are allowing insurers to improve customer experience, according to briefing from Strategy Meets Action. In a previous report, the firm…
Ontario to examine issue of credit unions selling insurance products online
October 24, 2013 Angela Stelmakowich, EditorIBAO Convention 2013 – The Ontario government will soon be taking a look at the issue of credit unions selling insurance products online, Premier Kathleen Wynne said during the Insurance Brokers Association of Ontario’s (IBAO) annual general meeting in downtown…
Competition ‘healthy’ in auto insurance: Ontario premier
October 24, 2013 Greg Meckbach, Associate EditorIBAO Convention 2013 – Ontario Premier Kathleen Wynne suggested Wednesday to a room full of brokers that the ruling Liberals are committed to maintaining competition in private passenger auto while reducing fraud. “Competition in this industry is healthy for both…
RSA, Gore Mutual first insurers to show interest in broker-owned telematics offering
October 23, 2013 by Canadian UnderwriterGore Mutual and RSA Canada have begun “active discussions” to use the recently-announced telematics model from the Independent Broker Resources Inc. (IBRI), the Insurance Brokers Association of Ontario said Wednesday. “We look forward to future success with both Gore Mutual…
Legacy technology an impediment to digital growth for insurance carriers
October 22, 2013 by Canadian UnderwriterErnst & Young Global Ltd. (EY) released Tuesday the results of a survey of insurance firms in which the majority reported “legacy technology” was dragging their “digital growth” and few used predictive modeling for certain computerized sales campaigns. “In the…
CSIO to release telematics data standard in January
October 21, 2013 by Canadian UnderwriterThe Centre for Study of Insurance Operations will be releasing its industry standard for delivering telematics data in January 2014. The organization said it has been working for the past several months on delivering the standard for proving a secure…
Greg Somerville appointed as new president, CEO of Aviva Canada
October 21, 2013 by Canadian UnderwriterGreg Somerville, part of the Aviva’s Canadian Executive Committee since 2004, has been named Aviva Canada’s new president and CEO. Most recently executive vice president of broker distribution, Somerville has also served as executive vice president of claims and reinsurance,…
FSCO warns of unlicensed broker, individual selling insurance
October 10, 2013 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has issued a warning to consumers that Capital United Brokers, and an individual called “Gina” claiming to represent the company, are not licensed to do insurance business in the province. Following a referral,…