Segment
Brokers
CCIR posts issues paper about online insurance sales
February 7, 2012 by Canadian UnderwriterThe Canadian Council of Insurance Regulators (CCIR) has circulated an issues paper that discusses issues raised by insurance sales on the Internet.In particular, the paper identifies the absence of a regulatory framework specific to the distribution of online financial or…
Direct writers likely to be first to use social platform for selling insurance: Celent
February 6, 2012 by Canadian UnderwriterThe first U.S. property and casualty insurer to use a social networking site as a platform for its business will likely be a direct writer that offers personal auto, motorcycle or dwelling insurance and not necessarily one of the biggest…
Anticipation of risks not enough, organizations need to build resilience: Willis CEO
February 2, 2012 by Canadian UnderwriterThe nature of traditional property and casualty risks is shifting, and people can no longer rely entirely on the purchase of insurance to mitigate them, said Joe Plumeri, chairman and CEO of Willis Group. Plumeri spoke recently at the 2012…
Western Financial Group acquires Brown & Ward Insurance Ltd.
February 2, 2012 by Canadian UnderwriterWestern Financial Group has acquired Brown & Ward Insurance Ltd., an insurance services provider in Lacombe, Alberta.Owned and operated by Lorne and Heather Rye, Brown & Ward has been in business since 1938. The company will continue to operate with…
SCM launches iClarify Commercial
February 1, 2012 by Canadian UnderwriterSCM Risk Management Services (RMS) has launched iClarify Commercial, a desktop commercial insurance tool. The tool allows insurance professionals to access an “unprecedented” amount of real-time, insurance-relevant data on commercial properties across Canada, a SCM release says.“At the click of…
Totten launches monthly payment option
February 1, 2012 by Canadian UnderwriterTotten Insurance Group has selected Policy Bill to provide an outsourced point of sale solution for monthly payment plans. Dubbed the Totten Pay Plan, this new offering allows clients to pay for their Totten policy using a monthly payment option.…
More With Less
February 1, 2012 Renee Durepos, Vice President, Client Services, Keal TechnologyBrokers competing with direct writers can learn from some of the technologies and techniques direct writers have employed: automating processes so that the employees can accomplish more in a shorter space of time.
An Ideal State of Transactional Efficiency
February 1, 2012 Karl Greenlaw, CEO, Brovada Technologies Inc.When it comes to achieving broker-carrier workplace efficiencies, companies can interpret and adapt a ‘once-and-done’ approach to suit their specific business and technical goals.
Tapping Into Social Circles
February 1, 2012 Alexey Saltykov, Co-founder, CEO, InsurEye Inc.Among other technology innovations, companies are exploring the possibility of allowing consumers to use their friends and social circle to help reduce premiums.
Sum of the Parts
February 1, 2012 Susan Murphy, Vice President, Sales and Distribution, RSA CanadaOne year later, RSA presents some key reflections on its merger with GCAN Insurance Company.
Simplifying Data Delivery
February 1, 2012 David Gambrill, EditorIBAC’s Data Exchange Project is now in its third phase, one step closer to a coveted round-trip data exchange between a broker management system and an insurer’s policy administration system.
