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News BrokersClaimsInsurance

Intact’s game plan in personal auto

August 2, 2022 by Alyssa DiSabatino

Intact’s personal auto insurance premiums grew by 28% in 2022 Q2, but the company says its auto game plan is “not only pricing-driven,” the CEO reported during Intact’s recent earnings call.  “Equally important is how we manage claims and our

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News Insurance

National Canadian brokerage reports 110% revenue increase

August 2, 2022 by Jason Contant

NFP has grown dramatically in Canada over the last three years, with a 110% expansion in revenue, the large national brokerage reported late last month. “NFP in Canada is 20 times larger than it was five years ago,” Scott Saddington,

News InsuranceProfessional DevelopmentRisk

How risk pros feel about attending in-person events in the COVID era

July 29, 2022 by David Gambrill

Insurance is a relationships-based industry, but Canada’s risk professionals appear conflicted about attending in-person industry events again, even after most public health restrictions have been dropped in most provinces, a Canadian Underwriter online survey suggests. On one hand, 69% out

News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

Intact provides update on RSA integration

July 29, 2022 by Alyssa DiSabatino

A year after RSA Insurance Group plc was acquired by Intact Financial Corporation, nearly all personal lines broker policies, and commercial lines small business and fleet policies in Canada, have been converted to Intact systems, the insurer reported. “I’m pleased

Heather Masterson
News AnnouncementsAppointmentsAssociationsBrokersInsurance

IBC names new chairwoman

July 29, 2022 Canadian Underwriter Staff

Heather Masterson is the new chairwoman of the Insurance Bureau of Canada (IBC) having been elected by the board of directors, the association announced Thursday. She brings a quarter century of industry experience, market and broker expertise, and executive leadership

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News BrokersInsuranceMarkets / Coverages

Consumers increasingly concerned with EV insurance

July 28, 2022 by Alyssa DiSabatino

Canadians are becoming increasingly interested in getting an electric vehicle (EV) for their next purchase on one hand, but consumers also seem concerned about the cost of insuring electric vehicles, according to data from rate comparison site My Choice.  Seventy-seven per cent

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News BrokersInsuranceProductsRisk

Where to find recession-proof clients to help grow your business

July 28, 2022 by David Gambrill

Global recession can not only change the way insurance does business, but it also may change the way your clients do business – which may lead to the next big recession-proof opportunities for insurance sales growth. Economies in recession don’t

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News BrokersCommercial LinesConstructionEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

P&C industry’s 2021 results: A one-hit wonder?

July 28, 2022 Glenn McGillivray

Last year was generally the most favourable for Canada’s insurers in a while – since 2006 as a matter of fact – with the industry’s return on equity (ROE) coming in at a solid 17.2% (against 11.2% in 2020). ROE

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News BrokersCommercial LinesInsuranceMergers and Aqcuisitions

Is specialization the best route to broker independence?

July 27, 2022 Jason Contant

A bevy of challenges, including M&A frenzy, rapidly evolving technology, automation and directs, has spurred some independent brokerages to focus on specialization. And some are even divesting of personal lines. “From a client perspective, it’s great to have a broker

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News ClaimsInsuranceLegal

Brokerage E&O 101: How to win lawsuits against evasive clients

July 27, 2022 by David Gambrill

Taking notes and attaching them to a client’s file as part of an everyday business practice allowed a veteran broker at Wyatt Dowling Insurance Brokers to win a lawsuit launched by her client over two cars that burned up in

Merger and acquisition partnership
News Insurance

What Navacord’s 15th deal of the year brought into the fold

July 26, 2022 by Jason Contant

Navacord Corp. has completed its 15th M&A deal of the year, this one involving a large commercial brokerage known for its risk management expertise with automotive dealerships. Navacord’s latest partnership is with Ottawa-based Binks Insurance Brokers Limited. Founded in 1918,

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News BrokersInsuranceRisk

Fast and furious: Which of your clients are more likely to road rage?

July 26, 2022 by Alyssa DiSabatino

Men and young people aged 18-34 are more likely than women and those aged 55+ to engage in road rage behaviours, finds a recent Ratesdotca survey.   Although men and women claim to engage in road rage equally (51% respectively), men