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Don Forgeron to retire from Insurance Bureau of Canada

June 23, 2022 by Alyssa DiSabatino

Don Forgeron will retire as president and CEO of the Insurance Bureau of Canada after a tenure of almost 30 years. He will also retire as a member of the IBC’s board of directors. The search for Forgeron’s successor will

Stakeholders conducting a strategic planning review in the boardroom
News Insurance

Regulator to engage MGA sector on emerging risks

June 22, 2022 by Jason Contant

Canadian Insurance Services Regulatory Organizations (CISRO) will soon be engaging Canada’s national MGA association to find out the emerging risks for the sector, the regulator said during a recent industry event. “Later this year, CISRO will be engaging CAMGA [Canadian

News Insurance

The future of cyber-security: MFA and beyond

June 17, 2022 by Jason Contant

Here’s some cyber security advice for your clients: time to install multi-factor authentication (MFA). In the future, that advice may morph to: Please send us a scan of all your tech vulnerabilities, so we can see what cybercriminals see. As

Internet of Things concept
News Insurance

How modern tech companies are leaving old insurance policies in the dust

May 19, 2022 by Jason Contant

Modern tech companies are moving along at a much faster pace than the insurance policies designed to protect them, says Michael Brunero, head of tech, media and intellectual property (IP) at CFC Underwriting. “We started to realize the policy that

Gathering the data for underwriting a risk.
News BrokersCommercial LinesEmploymentInsuranceMarkets / CoveragesMergers and AqcuisitionsMGAsRisk

Where have all the good underwriters gone?

May 12, 2022 Gloria Cilliers

For years, insurers have poached commercial underwriters from one another amid M&A activity, an aging population and hard/soft markets. But that’s left the industry with less seasoned talent and slower investment in acquisition, training and retention. “Suddenly, more so than

Open coffee jar with ground coffee
News BrokersEarnings / RatingsInsurance

Despite “aggressive growth goals,” insurers cautioned to keep their powder dry

April 25, 2022 by David Gambrill

Although the industry achieved a highwater mark financial result in 2021, industry executives are cautioning insurers to keep their powder dry and not reduce pricing drastically to grow market share. “I just look through the windscreen, all the things coming

Computer security concept
News Insurance

Why multi-factor authentication isn’t the cure-all for your client’s cyber woes

April 21, 2022 by Jason Contant

Staying one step ahead of cybercriminals seems to be a never-ending battle for insurers and insureds, cyber experts said during an industry event Wednesday. “The problem is, as we increase our cyber hygiene and become better insureds, the criminals adapt

Bear having a look out of his cave
News AdjustersBrokersEmploymentInsurance

Leaving hibernation: What’s next for P&C industry?

April 21, 2022 by David Gambrill

Look for Canada’s P&C industry to fine-tune the hybrid workplace model over the next six months, as the country starts to ease pandemic restrictions, industry execs say. The tinkering will involve achieving the best balance between meeting in person with

Client consulting with insurance broker
News Insurance

Regulators’ principles of conduct: Are ‘MGAs’ the same as retail brokers?

April 13, 2022 by Jason Contant

The Financial Services Regulatory Authority of Ontario (FSRA) is proposing to adopt principles of conduct for insurance intermediaries, including adjusters, brokers, MGAs and third-party administrators. Whether the principles apply to MGAs in the same way as retail brokers is open

Photo of Jodie Kaufman Davis
News Insurance

Burns & Wilcox’s new president in Canada

April 12, 2022 by Jason Contant

Editor’s Note: This story has been updated to include information from Burns & Wilcox   Jodie Kaufman Davis has been promoted to expanded leadership roles, including president of Burns & Wilcox Canada. “Jodie is the first-ever president of Burns &

Business man travelling the world to acquire insurance.
News BrokersClaimsCommercial LinesInsuranceLegalLegislation / RegulationMarkets / CoveragesMGAsReinsurance

Placing business with non-licensed markets: What to look for

March 31, 2022 Greg Meckbach

Clients looking for property and casualty coverage have options other than insurers licensed to write coverage in Canada. But brokers and managing general agents say there are hazards and tax implications when placing with an unlicensed or non-admitted insurer. And

Hybrid workforce model. Choosing between In-office, Remote or Hybrid model. Work from home WFH.
News BrokersInsuranceMGAsReinsuranceRisk

How Canada’s P&C industry is reacting to the hybrid office

March 31, 2022 by David Gambrill

Seventy-one per cent of Canada’s P&C industry reports being happy with their new hybrid office arrangements, according to a Canadian Underwriter online poll. Almost 46% reported being ‘very satisfied’ with moving to hybrid work, while a further 26% were satisfied.