Segment
Brokers
How much investors have sunk into insurtech
October 25, 2019 by Greg MeckbachInsurtechs like one Canadian startup in particular are letting brokers provide better service, but the sector as a whole contains some money pits for investors, Willis Towers Watson suggested in a report released Wednesday. “Unquestionably a good number of InsurTechs…
Aviva’s approach to the small business portal experience
October 25, 2019 by Jason ContantBrokers have long expressed concerns about digital portals, from been kicked out as they near the end of a submission to the amount of time it takes to log into each insurer’s portal. In Canadian Underwriter’s recently-released 2019 National Broker…
How new rules will make being a broker in Alberta easier
October 25, 2019 by Adam MalikCross another item off the wish list for the Insurance Brokers Association of Alberta. A pair of professional insurance designations are now approved as licencing equivalencies in the province – the Chartered Insurance Professional (CIP) and the Canadian Accredited Insurance…
Chubb finds ‘alarming’ rise in ransomware attacks
October 23, 2019 by Adam MalikMalware cyber attacks are on the rise compared to one year ago, according to Chubb, with a new type of strain on the rise. The first half of 2019 has seen more ransomware attacks than 2018, catching the eye of…
Brokerage exonerated from negligence in impounded vehicle dispute
October 22, 2019 by Jason ContantA British Columbia brokerage was not wrong to issue a disputed temporary permit that allowed another person to drive a client’s car, the province’s Civil Resolution Tribunal (CRT) has ruled. The matter arose from a dispute between Andrew Lawrie and…
What’s next for broker-insurer connectivity?
October 21, 2019 by Jason ContantNow that the D/X Initiative has broken ground with the completion of a first notice of loss (FNOL) transaction in real-time, what’s next for broker-insurer connectivity? “There’s a perception in the industry, I think, that when we talk about connectivity……
How online policy administration could put brokers at risk
October 18, 2019 by Greg MeckbachWhen clients want to make policy changes online, brokers have a vested interest in being in the loop, suggests a consultant who advises insurance companies. More customers these days are expecting their insurance providers to give them the same kind…
What’s changed about Millennials in the workplace?
October 17, 2019 by Adam MalikMillennials aren’t necessarily job hoppers, but they don’t want to feel stuck. So if you want to keep your young, talented staff – and attract new ones – make sure you’re showing them how the insurance industry can offer stability…
The rationale behind Applied’s acquisition of Policy Works
October 17, 2019 by Jason ContantProviding brokers with a complete view of their business – both personal and commercial lines – was among the reasons Applied Systems decided to acquire Policy Works, Applied’s vice president of industry and partner relations said Wednesday. Steve Whitelaw spoke…
Applied Systems acquires Policy Works
October 15, 2019 by Jason ContantApplied Systems announced Tuesday it has acquired Policy Works, a major platform for commercial lines business in Canada. The acquisition will extend Applied’s position within the commercial lines market segment, driving greater connectivity and automation for commercial lines brokerages and…
$6,000 fine over how brokerage held itself out to the public
October 11, 2019 by David GambrillA brokerage in Manitoba has been fined $6,000 after a complaint to the regulator that representatives of the brokerage’s sub-agency were holding themselves out to the public under a trade name for which they were not licensed to do business.…
You think the auto market is bad? Check out personal property…
October 10, 2019 by Jason ContantThe hard market is showing no signs of abating, with all provinces posting premium rate increases in personal lines in the latest quarter, according to Applied Systems’ most recent rating index. Personal property premiums increased on average by 13.6% compared…