Segment
Brokers
A.P. Reid Insurance leads the way in technology with new client web access
February 23, 2018 by Ian PortsmouthDartmouth, NS, Feb. 23, 2018 /insPRESS/ – A.P. Reid Insurance Stores, a leading national insurance brokerage, is excited to announce the launch of their new, user-friendly online customer portal and mobile app, branded the ‘A.P. Reid Client Access Centre’. The technology…
Want to acquire an MGA? Here’s what you can expect to pay (and why)
February 21, 2018 by Jason ContantBrokers or managing general agents (MGA) looking to buy another MGA could be looking at multiples of four times commission just to be able to compete with insurers looking to make the same purchase, industry analysts say. Philip Heywood, partner…
Sharp Mobile Announces iMobilebroker 2.0 – Unlimited Potential
February 21, 2018 by Trufla TechnologyCALGARY, Feb. 21, 2018 /insPRESS/ – Sharp Mobile Technology Ltd. is preparing to launch a brand new version of the iMobilebroker platform, the ultimate broker-branded customer experience. “It has always been our goal to provide best-in-class solutions, and we believe…
CSIO Announces Launch of My Proof of Insurance eDelivery Solution
February 21, 2018 by CSIO (Centre for Study of Insurance Operations)TORONTO, Feb. 21, 2018 /insPRESS/ – CSIO is pleased to announce the official launch of its My Proof of Insurance eDelivery solution. The solution enables CSIO members to send consumers digital policy documents, including proof of auto insurance (eSlips), for personal…
Broker fined for unorthodox method of storing client documents
February 20, 2018 by David GambrillA B.C. broker has been fined $2,500 and ordered to complete a privacy compliance course after it was discovered that she was storing client documents in the locked garage of her home. Her time-honoured, paper-based method of storing documents came…
Crawford & Company (Canada) Inc. Launches Cyber Loss Management Program in Canada
February 20, 2018 Crawford & Company (Canada) Inc.TORONTO, Feb. 20 /insPRESS/ – Crawford & Company (Canada) Inc. today announced the launch of its cyber loss management program to the Canadian marketplace. In response to the emerging risk of cyber threats to organizations of all sizes and across…
What to ask your D&O clients before a market correction
February 15, 2018 Greg Meckbach, Associate EditorThe latest stock market roller coaster ride should prompt brokers placing directors’ and officers’ liability to ask their clients about independent audits and internal controls. The week ending Feb. 9 saw a “a steep and broad-based selloff” in the stock…
Advice for young women looking to get into the broker channel
February 13, 2018 by Jason ContantAshley Holmes, a 33-year-old operations manager at Roughley Insurance Brokers in Oshawa, Ont., has three pieces of advice for other women looking to get into the insurance industry: don’t try to be a chameleon and be something you’re not; speak…
Portals are dead. Brokers have moved on to real-time.
February 13, 2018 by David GambrillAs insurers move away from their legacy systems and onto more flexible platforms such as Guidewire and Duck Creek, the days appear numbered for portal solutions. Real-time data exchange is now front and center as a priority for the Insurance…
A new way for brokerages to assign clients to advisors
February 12, 2018 by Jason ContantAn Ontario brokerage has done away with the traditional alphabetized way of assigning clients to brokers. Under the alphabetized approach, sometimes referred to as the “alpha split,” a brokerage divides its clients evenly by the number of account managers it…
Oil and gas fuel Hub’s latest acquisition
February 9, 2018 by Jason ContantDiversification into oil and gas partially fueled Hub International‘s recent acquisition of Kindersley Insurance, the company told Canadian Underwriter Thursday. Keith Jordan, president and CEO of Hub Manitoba, said acquiring the shares of Kindersley Insurance was beneficial for both companies.…
Two key fundamentals for selling cyber cover
February 5, 2018 by Jason ContantBrokers seeking to sell cyber insurance are advised to do two things: 1) develop a close business relationship with underwriters who are subject matter experts in cyber insurance, and 2) do as much up-front work with the prospective client as…