Segment
Brokers
The next big step in accelerating real-time data exchange
September 10, 2020 by Jason ContantThe Canadian property and casualty insurance industry intuitively understands the benefits to brokers, carriers and consumers of better connectivity — it’s a matter of getting everybody moving in the same direction, an industry veteran told Canadian Underwriter recently. “Moving data…
The key demographic noticing the industry’s technological pivot
September 9, 2020 by Adam MalikThe property and casualty insurance industry’s response following the global declaration of the COVID-19 pandemic and how it adjusted quickly in numerous aspects, especially technology, has made the industry more attractive to new graduates, according to a recent report. While…
Why your clients aren’t feeling too good these days
September 9, 2020 by Adam MalikWhether it’s your personal or commercial clients, neither are feeling too optimistic about their financial situation as the COVID-19 pandemic continues to stress them out, a pair of recent surveys have found. But the head of the national broker association…
COVID-19 compounds ongoing real estate insurance challenges
September 8, 2020 by Adam MalikThe global pandemic isn’t necessarily causing a large number of problems around insurance issues in the real estate sector, but it’s clogging up the pathway to making things better. “The way we’re thinking about real estate and insurance is that,…
Thinking of selling your brokerage during COVID-19? Here’s how to proceed
September 8, 2020 by Jason ContantCanadian brokers considering an upcoming merger or acquisition may understandably be concerned given the economy during the ongoing COVID-19 pandemic, but one property and casualty brokerage M&A expert says his firm’s advice is the same as it’s always been. “That…
How brokers can help mitigate risk when clients build in risky areas
September 4, 2020 by Adam MalikCost management needs to become a top priority if the property and casualty insurance industry wants to slow down the rise in premiums for the real estate sector. And to do that, an expert explained, both industries — insurance and…
National broker association appoints new broker connectivity lead
September 4, 2020 by Jason ContantThe Insurance Brokers Association of Canada (IBAC) has announced the appointment of Tom Reid as the new broker connectivity lead for the association’s Data Exchange (DX) project. “Broker connectivity is a key priority for IBAC, and the pandemic has intensified…
How Gallagher prepares clients for D&O rate increases
September 4, 2020 by Greg MeckbachIf your clients are going to be hit with rate increases and major changes in terms and conditions to their directors’ and officers’ (D&O) liability policies, you might want to give them some advance warning. “We tend to prepare early…
Communicating during COVID: What industry employees want to hear from their leaders
September 3, 2020 by David GambrillOkay, so it appears the pandemic crisis will be with us for a long time, with P&C organization employees already feeling uneasy, worn down, and uncertain about many things — their health, job security, sending kids back to school safely,…
Brokerage M&A activity surges amid pandemic
September 3, 2020 by Jason ContantBrokerage consolidation has exploded, with at least six acquisitions announced across Canada in the past week. Most recently, large brokerage Westland Insurance Group announced Wednesday the closing of four deals, adding new retail offices in British Columbia, Alberta and Manitoba.…
Behind the scenes of Hub’s latest Canadian acquisition
September 2, 2020 by Jason ContantHub announced the acquisition of Grande Prairie, Alta.-based Elevate Insurance Brokers Wednesday. Elevate is a locally-owned, independent full-service brokerage that provides home, auto, recreational vehicle and business insurance. Elevate Insurance president Pierce Krol and partner Otilja Majewski will join Hub…
This car is orange. Do your clients know it won’t necessarily cost any extra to insure it?
September 1, 2020 by David GambrillDriving in the passing lane of the highway, your client sees in her rearview mirror an antenna pull up behind her. A horn blares. She pulls into the right lane, and an orange Lamborghini Aventador moves ahead, leaving her behind…