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Q&A: Business Continuity in the Digital Age

May 19, 2020 by David Gambrill

Do 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

News BrokersInsuranceProfessional Development

Broker licensing exams now available in online format

May 15, 2020 by David Gambrill

The 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

News BrokersInsurance

Working from home: How listening to your client can improve your mental health

May 15, 2020 by David Gambrill

Listening 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

News BrokersClaimsInsurance

Despite re-openings, time is ticking on construction clients’ inactivity limits

May 14, 2020 by Adam Malik

A “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

News BrokersCommercial LinesInsuranceRisk

‘BI coverage’ misnomer puts the P&C industry behind the 8-ball: U.S. expert

May 14, 2020 by Adam Malik

The 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.

News BrokersInsurance

Opinion: Is insurance a commodity?

May 13, 2020 Lisa Smith and Chloe Beaini, Capco

Part 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

News BrokersInsuranceMergers and Aqcuisitions

Montreal commercial brokerage acquired by Hub International

May 13, 2020 by Greg Meckbach

Hub 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,

News BrokersInsurance

Opinion: How has online shopping affected insurance?

May 12, 2020 Lisa Smith and Chloe Beaini, Capco

In 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

News BrokersInsurance

CU Editorial: A survival guide for the next Recession

May 11, 2020 by David Gambrill

The 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

News ClaimsInsuranceRiskTechnology

Regulators to brokers: What is your cyber security plan?

May 11, 2020 by Greg Meckbach

What 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

News BrokersInsuranceRiskTechnology

How COVID-19 may change the cyber insurance landscape

May 8, 2020 by David Gambrill

One 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

News AnnouncementsAppointmentsInsuranceReinsurance

Aon names new president of Reinsurance Solutions in Canada

May 8, 2020 by David Gambrill

Matt 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,”