Segment
Consumers
New basement flood awareness training for home insurance brokers
June 14, 2018 by Greg MeckbachA course on basement flooding risk will likely be available to Canadian property and casualty insurance brokers within the next year, Blair Feltmate, head of the Intact Centre on Climate Adaptation, told Canadian Underwriter Monday. The Intact Centre also plans…
How are your clients finding you? Follow the voice…
June 10, 2018 by Jason ContantUsing voice search is a key way for brokers to remove friction from the purchase process, Andrew Lo, president and CEO of Kanetix Ltd., said last week at Insurance Canada.ca’s Technology in Action seminar in Toronto. Lo used the example…
From days to minutes: New tech overhauls quote and bind process
June 10, 2018 by Jason ContantThe launch of the new broker technology Vyne will eliminate some of the “inefficient steps” that brokers have to take between quoting and binding, potentially reducing the quote and bind process from days or weeks to just minutes, the company…
How much ICBC expects to save by using new anti-fraud software
May 31, 2018 by Jason ContantThe Insurance Corporation of British Columbia (ICBC) expects to save $43 million this fiscal year and another $59 million the following fiscal year by using specialized anti-fraud software that the public insurer implemented in 2017. “And that’s on top of…
How AI can help you find the hot sales leads
May 30, 2018 by Jason ContantLooking for a hot lead? Why not let a machine do that for you? Brokers and insurance companies can use artificial intelligence (AI) to cull prospects who are showing a keen interest in buying insurance products, Andrew Lo, president and…
Devious ways your clients are trying to get better auto rates
May 30, 2018 by Greg MeckbachTerritorial ratings have prompted some Ontario motorists to lie about where they live on their applications in order to get a lower auto insurance rate, so brokers need to caution clients on the importance of telling the truth, a local…
Paid Part 3 of DGA study reveals how to achieve your ideal insurance career
May 29, 2018 DGA CareersWhat direction do you see your insurance career taking over the next five years? Are you on a path to the C-suite or other leadership role? Alternatively, do you have a more entrepreneurial vision for either starting a company or…
This percentage of consumers believe auto insurance fraud is an “accepted practice”
May 28, 2018 by Jason ContantNearly half of customers polled for an Insurance Corporation of British Columbia (ICBC) survey believed that committing auto insurance fraud is an “accepted practice” in B.C., with most saying that claims contain an “element” of fraud. The survey of 1,373…
How IT developers will change the way you do business
May 6, 2018 by Jason ContantA daring group of developers came up with a new approach to technology development 17 years ago, dubbed ‘agile.’ The process grew popular in the startup world; it was soon embraced by mainstream leaders around the globe, including by those…
Ontario Chamber of Commerce joins chorus of calls for electronic pink slips
May 1, 2018 by Jason ContantThe Ontario Chamber of Commerce (OCC) is the latest organization to call on the provincial government to allow insurers to offer an electronic proof of auto insurance (EPAI) and other insurance documents. In a resolution passed during OCC’s annual general…
Keep banking and insurance separate: IBAC
April 20, 2018 by Jason ContantThe Insurance Brokers Association of Canada (IBAC) is welcoming explicit restrictions on banks’ business powers related to insurance contained in Bill C-74, but wants to make sure the historical separation between banks and insurance continues. The federal government’s recently introduced…
Pay-as-you-go travel insurance comes to Canada
April 2, 2018 by Jason ContantAn AIG company has launched a pay-as-you-go travel insurance app. Travel Guard Group Canada launched the iPhone app last week to allow Canadian customers (except Quebec residents) to purchase travel insurance coverage in blocks of time ranging from one day…