Canadian Underwriter

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Brokers


News BrokersInsuranceTechnology

Would you buy insurance from your own website?

January 22, 2019 by Jason Contant

Before jumping right into buying a piece of technology, brokers should first think about mapping out the customer journey, suggests the CEO of a company that helps brokers with automation. “Diving right into the software isn’t always the best because

News Brokers

Why it’s not so easy for an insurer to go direct

January 21, 2019 by Greg Meckbach

Wawanesa’s decision to write insurance in Canada through brokers only came as a shock to some consultants. “If you talk to the consultants down on Adelaide Street [in Toronto] in their big offices, what are they going to tell an

News Insurance

Can’t hear the ambulance? Turn down your radio

January 17, 2019 by David Gambrill

A B.C. driver has failed in his bid to receive a refund for his insurance premium increase and deductible after B.C.’s public auto insurer found him 100% responsible for failing to clear an intersection for an ambulance. A B.C. ambulance

News BrokersInsuranceProfessional DevelopmentTechnology

Do brokers receive enough tech training?

January 17, 2019 by Jason Contant

Are brokers in Canada properly trained to use new technology? “It seems there is an under-investment in the human resources component of new technology,” said Jeff McCann, CEO of Digital MGA Marketplace Ltd., a Vancouver-based company that helps brokers with

News BrokersInsuranceTechnology

“Mobile-first” insurtech may be coming to Canada

January 16, 2019 by Greg Meckbach

A San Francisco-based firm calling itself a “mobile-first” property and casualty insurance brokerage might start placing home and auto coverage in Canada. Canadian Underwriter asked Karn Saroya, CEO of Cover Financial Inc., whether his insurtech plans to expand into Canada.

News BrokersEmploymentInsurance

Hub’s take on the merger between P&C and employment benefits

January 15, 2019 by Jason Contant

As it continues to expand its employee benefits solutions, Hub International is training its more than 4,000 employees in Canada to articulate that it is not just a property and casualty brokerage. “There’s still a training and development and learning

News BrokersTechnology

Why your brokerage needs an online presence

January 15, 2019 by Jason Contant

Brokerages looking to scale their expertise should focus their efforts online, says the CEO of a Vancouver-based company that helps brokers with automation solutions. “Externally, the new standard of engagement is online,” Jeff McCann, CEO of Digital MGA Marketplace Ltd.,

News BrokersInsuranceMergers and Aqcuisitions

What these brokerages bring to the table in Hub merger

January 15, 2019 by Greg Meckbach

A Quebec brokerage recently acquired by Hub International Ltd. brings expertise in construction and auto dealerships to the table. “Hub is already major player, if not one of the biggest brokers in Quebec,” Alain Giroux, executive vice president of Montreal

News InsuranceLegislation / Regulation

Alberta auto cap leading to broker-carrier contract cancellations

January 14, 2019 by Greg Meckbach

Alberta’s ceiling on auto rate increases is causing some brokers to lose their contracts with carriers. In Alberta, as a general rule carriers may not hike rates by more than 5% across their book of business. “It has resulted in

News BrokersInsurance

B.C. broker banned for misapplying premium funds “for years”

January 11, 2019 by David Gambrill

A B.C. broker repeatedly in hot water for misapplying thousands of dollars worth of insurance premium funds over several years has had his Level 3 licence permanently revoked. In addition, Insurance Council of B.C. fined Antony Ronald Fransen $7,500 personally

News BrokersMergers and Aqcuisitions

Hub buys Quebec commercial brokerage

January 10, 2019 by Greg Meckbach

Montreal commercial brokerage Forum Risques et Assurance Inc. has been acquired by Hub International Ltd., Chicago-based Hub announced Thursday. Forum Risques was founded in 2013 by François Jean and Alain Giroux. Its target markets include technology, manufacturing and construction. Jean

News BrokersInsuranceProfessional Development

New, revised CAIB expected by fall

January 10, 2019 by Jason Contant

The Insurance Brokers Association of Canada (IBAC) is hoping to be able to present a new, revised Canadian Accredited Insurance Broker (CAIB) program to the broker community by this fall. The new content will address 10 broad broker competency areas