Segment
Brokers
Climate change could lead to increased wildfire activity in North America over the next 30 years: Berkeley study
July 4, 2012 by Canadian UnderwriterClimate change is expected to disrupt future fire patterns, with some regions, such as the western United States, seeing more frequent blazes within the next 30 years, notes a study in the peer-reviewed journal Ecosphere. Conducted by researchers at the…
B.C. broker receives reprimand for failing to witness client’s signature on ICBC documents
July 4, 2012 by Canadian UnderwriterA 17-year veteran broker in B.C. received a reprimand on June 26 for failing to witness a signature at a car dealership because she was in a hurry to serve another client. B.C. Insurance Council admonished Anjaline Lata Kuhn and…
The Road to Greener Pastures
July 2, 2012 The CIP Society and Insurance Institute of CanadaThe CIP Society Ethics Series: Brokers with excellent track records may be tempted to branch out into other areas of business, raising a duty to tell the clients when they are travelling in unfamiliar territory.
Brovada introduces policy change XML upload, eliminates need for brokers to work through a company portal
June 22, 2012 by Canadian UnderwriterSoftware provider Brovada has laid claim to being first out of the gate in North America for introducing a real-time policy change XML upload without the need for a broker to interact with a company portal. Brovada gave a live…
Brokers believe access to – if not participation of – intermediaries should be required during online insurance sales
June 20, 2012 by Canadian UnderwriterCanadian property and casualty insurance brokers are making a pitch to the Canadian Council of Insurance Regulators (CCIR) to ensure intermediaries play an important role in the online purchase of insurance. At a minimum, brokers are calling on the CCIR…
Direct insurers say online information provides enough ‘advice’ for buying insurance products online
June 20, 2012 by Canadian UnderwriterCORRECTION: The June 20 online edition of Canadian Underwriter incorrectly stated that CAFII supports “the idea that consumers should be able to access insurance intermediaries at all times during the online purchase process.” In fact, CAFII proposed the position to the…
Flood warning issued for Upper Fraser River in B.C.
June 19, 2012 by Canadian UnderwriterThe B.C. River Forecast Centre issued a flood warning on June 19 for the Upper Fraser River, after heavy rainfall triggered evacuation alerts and a local state of emergency in neighbouring communities. Between 30 and 75 millimetres of rain have…
ACE Canada introduces BrokerPass to help placement of local-admitted insurance policies
June 19, 2012 by Canadian UnderwriterACE Canada, the Canadian-based operating division of ACE Group, has introduced an easy-to-use option for Canadian brokers to coordinate placement of local-admitted insurance policies. “This efficient and seamless application benefits ACE’s brokers and clients by reducing the operational hurdles often…
IBAC announces Elite Force-Best Practices Producer Academy will be offered in September
June 18, 2012 by Canadian UnderwriterInsurance Brokers Association of Canada (IBAC) and its member associations have announced that the Elite Force-Best Practices Producer Academy will be offered in Toronto starting this September. Now in its fourth year, the sales training program for producers is an…
Global brokerages benefit from favourable conditions: Moody’s
June 15, 2012 by Canadian UnderwriterRising insurance premiums and a focus on specialty risk advisory services will spur growth for the world’s largest insurance brokerages, according to a recent analysis by Moody’s Investors Services. The outlook for the global insurance brokerage sector “is stable, reflecting…
Economical launches new brand name at AGM, re-iterates it does not prefer one form of demutualization over another
June 15, 2012 by Canadian UnderwriterEconomical Insurance launched a refreshed brand at its annual general meeting on June 15, featuring an uncomplicated, cleaner, three-dot logo and a new tagline — “good to know.” “We’re good to know for an individual, family or business seeking financial…
Aviva Canada introduces portfolio transfer solution
June 14, 2012 by Canadian UnderwriterBrokers transferring business to Aviva Canada can now use a software platform from iter8 designed to reduce time and effort. The communic8 service will allow a broker management system to identify policies for upload, which are then transported to Aviva…