Canadian Underwriter

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How brokers can maintain community sponsorships in a pandemic

August 27, 2021 by Greg Meckbach

The COVID-19 pandemic has forced Canadian property and casualty insurance brokerages to find new ways of marketing their brand through community events and sponsorships. “One of the challenges – particularly for small and mid-sized brokerages in Western Canada – has

intellectual property
News Insurance

Why now is the time for brokers to talk about intellectual property insurance 

August 27, 2021 by Jason Contant

While the technology and life sciences sectors have been traditional areas of focus for intellectual property (IP) insurance, one specialist insurance provider says now is the time for brokers to open up discussions to include other industries. Maddi Brown, intellectual

iPad with social media icons
News Insurance

How this broker is turning social media posts into sales

August 26, 2021 Canadian Underwriter Staff

When it comes to their social media marketing, many brokers still forget the customer — which is why such efforts aren’t turning into sales, a digitally savvy broker says. “It’s one of the most common mistakes brokers make when posting

News Insurance

How technology is addressing ‘broken offline processes’ and broker pain points

August 25, 2021 by Jason Contant

Creating a “digital round trip” for all players in the insurance ecosystem – from broker to technology vendor to consumer – has really been catalyzed by the COVID-19 pandemic and the move to remote working, the CEO of tech vendor

intellectual property
News Insurance

This line of business needs to be simplified, MGA says

August 24, 2021 by Jason Contant

The insurance industry needs to move forward and simplify intellectual property (IP) coverage for the small- and medium-sized enterprise (SME) market, a specialist insurance provider said. IP insurance typically involves long, complicated proposal forms, a fee charged to get a

home insurance and mortgage
News Insurance

Hub to acquire Aviva Canada subsidiary

August 24, 2021 by Jason Contant

Hub International Limited announced Tuesday it has signed a purchase agreement to acquire the Aviva Canada subsidiary that provides new home warranty in British Columbia and Alberta. The terms of the acquisition of National Home Warranty Group Inc. were not

News Insurance

How P&C can keep human connections within digital insurance

August 20, 2021 Canadian Underwriter Staff

While the COVID-19 pandemic has accelerated P&C’s digitization investments, the need for human connection within digital insurance should not be overlooked, a digital identity firm says. “As the insurance industry accelerates its pace towards digitization, we must keep in mind

road with horizon
News Insurance

What independent brokers expect from insurers post-pandemic: Canadian Broker Network

August 19, 2021 Canadian Underwriter Staff

As Canada emerges from the COVID-19 pandemic, independent brokers will place strategic alliances with insurers at the top of their expectations list, members of the Canadian Broker Network (CBN) said. “The pandemic has significantly increased the awareness and consideration for

News ClaimsMergers and Aqcuisitions

Classic car coverage provider Hagerty could become publicly-traded

August 18, 2021 by Greg Meckbach

Hagerty Group LLC announced Wednesday it has agreed to merge with a special purpose acquisition company, a deal that is expected to result in the classic car insurance provider becoming publicly-traded on a stock exchange. Hagerty Canada LLC, a licensed

News BrokersMergers and Aqcuisitions

How brokers like BFL are recruiting talent to serve large international accounts

August 13, 2021 by Greg Meckbach

Uncertainty over mega-brokerage mergers provide an opportunity for other brokerages to acquire quality talent, a senior manager with Montreal-based BFL Canada suggests. “Recently, firms like BFL have reinforced their large account talent pool with various leaders, claims, captive experts, surety

News Insurance

Pandemic-related employment practices liability claims in Canada may increase, brokerage CEO says

August 12, 2021 Canadian Underwriter Staff

While U.S. brokers are seeing a surge in employment practices liability insurance (EPLI) claims due to an increase in pandemic-related lawsuits, brokers north of the border can expect less turmoil, a brokerage CEO says. Almost 3,000 employment lawsuits related to

News BrokersInsurance

This open banking recommendation is a ‘red flag’ for brokers

August 11, 2021 by Greg Meckbach

A federal advisory committee’s recommendation to prohibit the use of banking data in underwriting, during the proposed initial phase of open banking in Canada, is a partial but not a complete victory for Canada’s national brokers’ association. In its final