Segment
Brokers
Key components of a successful talent-acquisition strategy
September 15, 2022 by Jason ContantCanadian P&C companies should use data analytics for their talent acquisition (TA) strategies just as they do in other parts of the business, a speaker told Wednesday’s Reuters Events’ Future of Insurance Canada 2022 conference. “The traditional recruitment model is……
Why rig-handling analytics are now key for brokers insuring trucking firms
September 14, 2022 Jason ContantSupply chain challenges, shrinking capacity, electrification of vehicles and better data management are among the pressures facing transportation clients, said Canada’s largest insurer. “You can’t be a specialist in transportation in the insurance field if you don’t really understand the…
Busy month in M&A for BrokerLink, Westland
September 14, 2022 by Jason ContantBrokerLink and Westland Insurance Group announced a series of brokerage M&A deals in September, including the acquisitions of a total of four brokerages and one employee benefits firm between them. BrokerLink announced the acquisition of J.W. Davis Insurance Brokers and…
Commercial insureds favour supply chain certainty over higher costs of goods
September 14, 2022 by David GambrillCommercial clients of the Canadian P&C industry are pragmatically accepting higher costs of goods to achieve more certainty around product and service delivery, one P&C industry executive observed. It’s a pragmatic response to a volatile world featuring war, a looming…
Strategies for mitigating business loss from supply chain delays
September 14, 2022 by Alyssa DiSabatinoTo mitigate supply chain risk, commercial brokers and risk managers can advise their insureds to expand their vendor networks, manage and revisit their contracts regularly, work with local suppliers, and remove links in the chain, industry experts said in a…
Why your business should use integrated models of risk
September 13, 2022 by Alyssa DiSabatinoIn the midst of geopolitical volatility, a changing climate, inflationary pressures, emerging energy products and more, the best thing risk committees can do is build integrated models of risk, says Janice Gross Stein, founding director of the University of Toronto’s…
Alberta’s captive insurance option gets another boost
September 12, 2022 Philip PoradoNew Alberta legislation allowing captive insurance companies to set up and domicile in the province has started to bear fruit. Insurance and reinsurance broker BMS is launching BMS Captive Insurance Services. The Alberta-based division will provide strategic advisory services and…
What’s new in the latest brokerage M&A deals
September 9, 2022 by Jason ContantAn Ontario-based insurance group with a mutual insurer as strategic partner has acquired Stan Darling Insurance, a local brokerage with four offices, in a deal announced Wednesday. The insurance group is led by Kevin McKinnon and its strategic partner, The…
What the regulator’s review of auto insurance health care practitioners uncovered
September 9, 2022 by Alyssa DiSabatinoOntario’s insurance market conduct regulator took a closer look at how auto insurance health care providers are billing insurers through the province’s electronic billing system, and found that 27 medical health professionals on the billing roster have been sanctioned by…
Lessons from COVID-19 will help brokers get clients through a recession
September 9, 2022 David GambrillIf a long-predicted recession comes to pass, brokers will need to stay close to their clients’ changing needs. But in some ways, commercial insurance brokers have gained an advantage from the discipline developed while navigating their clients through COVID-19. Those…
Acquisition sees Westland enter new industry vertical, U.S. market
September 8, 2022 by Jason ContantWestland Insurance has entered a new industry vertical and the U.S. market for the first time with the acquisition of Front Row Insurance Brokers Inc., one of the largest and most respected film and entertainment insurance brokers in North America.…
What war, sanctions, inflation and looming recession mean for reinsurance
September 8, 2022 Philip PoradoDespite inflation, flagging consumer confidence and slowdowns in GDP globally, reinsurers have been experiencing a firming cycle that’s lasted 19 consecutive quarters, noted David Priebe, chairman of global risk and reinsurance specialist Guy Carpenter during a Sept. 7 briefing call.…