Segment
Brokers
Q&A: Business Continuity in the Digital Age
May 19, 2020 by David GambrillDo you have questions about how the novel coronavirus pandemic is affecting your business continuity planning? Canadian Underwriter has answers. We spoke recently with Steve Whitelaw, vice president of broker and industry partnerships at Applied, shortly after airing the first…
Broker licensing exams now available in online format
May 15, 2020 by David GambrillThe Insurance Institute of Canada, the educational arm of the Canadian property and casualty insurance industry, will be providing OTL/Level 1 broker agent licensing exams in an online format. The online format allows licensing candidates to complete their exams from…
Working from home: How listening to your client can improve your mental health
May 15, 2020 by David GambrillListening carefully to your clients on the phone or on Zoom — as opposed to letting your mind wander while they talk — will not only improve your performance while working from home, but it can also improve your own…
Despite re-openings, time is ticking on construction clients’ inactivity limits
May 14, 2020 by Adam MalikA “snowball effect” could leave some construction companies facing major financial challenges despite the slow re-opening of some of their closed worksites, one brokerage warns. In some situations, the damage may already be done, leaving brokers scrambling to help out…
‘BI coverage’ misnomer puts the P&C industry behind the 8-ball: U.S. expert
May 14, 2020 by Adam MalikThe insurance industry set itself up for a public relations disaster when it comes to business interruption claims, and it should be prepared to be called out more often on the name given to the coverage, says one risk researcher.…
Opinion: Is insurance a commodity?
May 13, 2020 Lisa Smith and Chloe Beaini, CapcoPart One explored why people buy online, and digital advantages. Now we look at whether or not the insurance product has become commoditized. As digital marketplaces continue to commoditize products, it’s time to look at this industry and wonder…
Montreal commercial brokerage acquired by Hub International
May 13, 2020 by Greg MeckbachHub International Limited announced Wednesday it has acquired Vestas Financial Services Firm Inc., a Montreal property and casualty brokerage whose target markets include architects and engineers. Chicago-based Hub, which was formed in 1998 through the merger of 11 Canadian brokerages,…
Opinion: How has online shopping affected insurance?
May 12, 2020 Lisa Smith and Chloe Beaini, CapcoIn the first of a two-part series, we look at what pushes people to buy online and how today’s digital realities push insurance towards commoditization Insurance markets are betting Generation Z will drive the purchasing of insurance policies online. Gen…
CU Editorial: A survival guide for the next Recession
May 11, 2020 by David GambrillThe novel coronavirus has seemingly put all businesses in Canada, including the P&C industry, in a long-term holding pattern that that is likely to last until a vaccine is available. That could be anywhere from one to two years, according…
Regulators to brokers: What is your cyber security plan?
May 11, 2020 by Greg MeckbachWhat programs – if any – does your brokerage have in place to mitigate your own cyber risk? This is what your provincial regulator could be asking you, if they haven’t already. “If the Registered Insurance Brokers of Ontario knocks…
How COVID-19 may change the cyber insurance landscape
May 8, 2020 by David GambrillOne long-term impact of the novel coronavirus pandemic may be an uptick in the sale of commercial cyber insurance policies, industry experts predicted during a recent Canadian Underwriter webinar. In addition, the pandemic may provide an opportunity for brokers to…
Aon names new president of Reinsurance Solutions in Canada
May 8, 2020 by David GambrillMatt Wolfe has been appointed the new president of Reinsurance Solutions in Canada, Aon plc announced Friday. “In his new role, Matt will lead the Canadian Reinsurance solutions team and bring unmatched analytics and insights to clients across the country,”…