Canadian Underwriter

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MGAs


News InsuranceMGAsTechnology

Will the entire insurance industry soon move to APIs?

November 29, 2018 by Jason Contant

Canada’s P&C industry will eventually move to using API (application programming interface) in its entirety, predicts the CEO of a technology company that helps brokers automate their workflows. “I think you’re literally looking at the monolithic system; there’s going to

News BrokersInsuranceMarkets / CoveragesMGAs

Why some brokers may shy away from using an MGA

November 28, 2018 by Jason Contant

The risk of a greater errors and omissions (E&O) exposure is a major reason why some brokers choose not to place business with a managing general agent (MGA), speakers said Tuesday at Insurance-Canada.ca’s MGA Technology Symposium in Toronto. “We don’t

News InsuranceMGAs

How consolidation can “regenerate” MGAs

November 27, 2018 by David Gambrill

Consolidation could potentially wind up regenerating Canada’s broker channel generally and managing general agents (MGA) specifically, a senior executive told delegates attending the 2018 MGA Symposium in Toronto on Tuesday. Organized by insurance-canada.ca, the event featured a panel of MGA

News MGAsProductsRiskTechnology

Exclusive partnership will extend MGA’s cyber offerings

November 21, 2018 by Jason Contant

Managing general agent Burns & Wilcox has announced an exclusive partnership with a cybersecurity company to pair its specialty insurance products with data breach monitoring and notification services. The partnership with London, UK-based BreachAware, which specializes in data breach research

News Insurance

Paid IFRS 17: Filling the Gaps in Data & Technology Systems

November 21, 2018 BDO

IFRS 17 is an accounting standard that will result in a complete overhaul of an insurer’s financial statements, though finance alone cannot work through this complex change in isolation. Considering the significance of the impact across the organization, IFRS 17

News InsuranceMGAsProfessional Development

Managing general agent launches three training programs

October 31, 2018 by Jason Contant

Managing general agent APRIL Canada has launched APRIL University with three training programs and two more in the development stage. Essentials of pleasure craft insurance (1.5 RIBO hours), Ontario rentals & Airbnb market (1 RIBO hour) and insurance for general

Feature BrokersInsurance

Covering Small Business Cyber Exposure

October 18, 2018 David Gambrill

Considering the potentially devastating effect of a cyber attack on a small business in Canada, it’s surprising to see a recent study showing that more than a third of Canadian firms do not report carrying cyber insurance coverage. “For me,

Feature BrokersInsuranceMGAs

3 Ways to Win Over the Small Business Owner

October 14, 2018 Plamen Petkov

Plamen Petkov, vice president of Ontario and business resources at the Canadian Federation of Independent Business, which represents 110,000 small businesses across Canada, provides insight to help brokers forge successful business partnerships with small business owners. DO: Establish very clearly

insPRESS AnnouncementsBrokersInsuranceMGAs

Newcom Media extends its insurance media leadership with acquisition of Canadian Insurance Top Broker magazine and the Top Broker Summit

October 11, 2018 Newcom Media Inc.

TORONTO, Oct. 11, 2018 /insPRESS/ – Newcom Media Inc., one of Canada’s leading B2B media companies, is excited to announce its acquisition of Canadian Insurance Top Broker from TC Media. The acquisition extends the market leadership already enjoyed by Newcom

News Announcements

Introducing the new Canadian Underwriter, “Your Guide to Insurance Success”

October 10, 2018 Ian Portsmouth, Publisher

Whatever your role in the industry, you can rightfully feel harried by the demands of an insurance career today. You’re certainly dealing with more change and complexity than the people who received the debut issue of this magazine in January

insPRESS Announcements

Canada’s #1 insurance publication relaunches with bold new look and editorial mandate

October 10, 2018 Newcom Media Inc.

TORONTO, Oct. 10, 2018 /insPRESS/ – Canadian Underwriter magazine relaunched today with the publication of its October 2018 issue, introducing an energetic look, functional design and editorial mandate expressed by its new tagline: “Your Guide to Insurance Success.” Now in its

Feature BrokersInsuranceMGAs

The Psychology of the Small Business Owner

October 8, 2018 Richard Spence

Consider the sheer courage of Canadian business owners. With so many commercial risks and liabilities, from property and casualty to employee fraud, credit risk, key-person vulnerabilities – and now cyber attack (see story on Page 23) – it’s a wonder