Segment
MGAs
Will the entire insurance industry soon move to APIs?
November 29, 2018 by Jason ContantCanada’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…
Why some brokers may shy away from using an MGA
November 28, 2018 by Jason ContantThe 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…
How consolidation can “regenerate” MGAs
November 27, 2018 by David GambrillConsolidation 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…
Exclusive partnership will extend MGA’s cyber offerings
November 21, 2018 by Jason ContantManaging 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…
Paid IFRS 17: Filling the Gaps in Data & Technology Systems
November 21, 2018 BDOIFRS 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…
Managing general agent launches three training programs
October 31, 2018 by Jason ContantManaging 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…
Covering Small Business Cyber Exposure
October 18, 2018 David GambrillConsidering 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,…
3 Ways to Win Over the Small Business Owner
October 14, 2018 Plamen PetkovPlamen 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…
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…
Introducing the new Canadian Underwriter, “Your Guide to Insurance Success”
October 10, 2018 Ian Portsmouth, PublisherWhatever 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…
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…
The Psychology of the Small Business Owner
October 8, 2018 Richard SpenceConsider 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…