Segment
Brokers
Chartis cocktail reception
November 1, 2011 by Canadian UnderwriterChartis hosted its annual RIMS Canada cocktail reception on Sept. 19 in the historic Ballroom at the Fairmont Château Laurier in Ottawa. Guests were able to mix and connect at the reception before venturing out to other conference-related functions throughout…
Optional tort option appears likely in Nova Scotia
October 24, 2011 by Canadian UnderwriterAn optional tort product appears likely to be offered in Nova Scotia in the future, according to Ken Meyers, former chair of the Insurance Brokers Association of Nova Scotia (IBANS).“It appears clear now that there will be an optional tort…
Looking for a producer? Poach association executives from your target markets
October 21, 2011 by Canadian UnderwriterBrokers looking to acquire good producers should consider poaching association executives from the brokerage’s target markets.Al Diamond, president of Agency Consulting Group, offered the tip in his seminar at the 91st Annual Convention of the Insurance Brokers Association of Ontario…
Brokers shouldn’t hold their breath waiting for industry-wide tech solution for broker-carrier connectivity: CEO panel
October 21, 2011 by Canadian UnderwriterBrokers should not hold their breath waiting for a common, industry-wide technology solution to help resolve the ongoing conundrum of broker-carrier connectivity, a panel of insurance company CEOs suggested at the 91st Annual Convention of the Insurance Brokers Association of…
CEO queries why insurers won’t cancel contracts with insurer-owned brokerages
October 21, 2011 by Canadian UnderwriterGeorge Cooke, president and CEO of The Dominion, challenged other insurers to cancel their business with brokerages that have been purchased by a competitor insurer.Cooke was a member of the CEO panel at the Insurance Brokers Association of Ontario’s 91st…
Solvency II implementation likely to be delayed: Guy Carpenter
October 20, 2011 by Canadian UnderwriterThe implementation of Solvency II will likely be delayed from its intended Jan. 1, 2013 start date, Guy Carpenter reported. In its Oct. 20 edition of GC Capitalideas.com, Guy Carpenter noted that the results of fifth the quantitative impact study…
Ontario brokers working with insurers to make predictive analytics more transparent
October 20, 2011 by Canadian UnderwriterOntario’s insurance brokers appear to be making some headway with insurers in making sure brokers have a role in educating consumers about the use of predictive analytics in insurance underwriting.Statistical data packages that insurers use to underwrite insurance are becoming…
Intact-AXA Canada merger has “totally changed the market” in Quebec: brokers
October 20, 2011 by Canadian UnderwriterQuebec’s insurance brokers are closely monitoring the impact of Intact Insurance’s merger with AXA Canada, which has “totally changed the market” in the province, according to the provincial broker association’s president elect.Regroupment des cabinets de courtage d’assurance du Québec (RCCAQ)…
Ontario brokers need to start texting Gen Y consumers
October 20, 2011 by Canadian UnderwriterOntario brokers need to start communicating with Generation Y consumers using the means with which they prefer to communicate – text primarily, then email – or else risk losing out on communicating with a large chunk of the province’s consumer…
Compu-Quote introduces new product to help brokers make most of online leads
October 19, 2011 by Canadian UnderwriterCompu-Quote’s (CQ) is introducing Sales Focused Broker (SFB), a new product designed to help brokers make the most of online leads.SFB is intended to help brokers follow-up on leads from popular social networking sites, such as Facebook, LinkedIn and Twitter,…
Insurance Council of B.C. suspends broker for 12 months for trying to coerce a consumer into making a false claim to ICBC
October 18, 2011 by Canadian UnderwriterThe Insurance Council of British Columbia has suspended the license of an insurance broker for 12 months after the broker admitted she used her position in the industry to try to coerce a member of the public to make a…
HUB International Phoenix Insurance Brokers inks exclusive agreement with two Western new home warranty companies
October 17, 2011 by Canadian UnderwriterHUB International Phoenix Insurance Brokers and Progressive Home Warranty (PHW) are joining forces in an exclusive agreement that will see HUB International Phoenix Insurance Brokers offer commercial and personal insurance with group rates to all members of Pacific Home Warranty…