How weak insurance sector growth puts technology in the spotlight
January 17, 2019 by Jason ContantExpected weak insurance sector growth in the near-term is fueling the need for efficiency gains through technology and innovation, Ernst & Young Canada said recently. The EY Insurance Outlook 2019 reveals that insurance sector growth is expected to remain weak…
Do brokers receive enough tech training?
January 17, 2019 by Jason ContantAre brokers in Canada properly trained to use new technology? “It seems there is an under-investment in the human resources component of new technology,” said Jeff McCann, CEO of Digital MGA Marketplace Ltd., a Vancouver-based company that helps brokers with…
“Mobile-first” insurtech may be coming to Canada
January 16, 2019 by Greg MeckbachA San Francisco-based firm calling itself a “mobile-first” property and casualty insurance brokerage might start placing home and auto coverage in Canada. Canadian Underwriter asked Karn Saroya, CEO of Cover Financial Inc., whether his insurtech plans to expand into Canada.…
Why your brokerage needs an online presence
January 15, 2019 by Jason ContantBrokerages looking to scale their expertise should focus their efforts online, says the CEO of a Vancouver-based company that helps brokers with automation solutions. “Externally, the new standard of engagement is online,” Jeff McCann, CEO of Digital MGA Marketplace Ltd.,…
Alberta auto cap leading to broker-carrier contract cancellations
January 14, 2019 by Greg MeckbachAlberta’s ceiling on auto rate increases is causing some brokers to lose their contracts with carriers. In Alberta, as a general rule carriers may not hike rates by more than 5% across their book of business. “It has resulted in…
B.C. broker banned for misapplying premium funds “for years”
January 11, 2019 by David GambrillA B.C. broker repeatedly in hot water for misapplying thousands of dollars worth of insurance premium funds over several years has had his Level 3 licence permanently revoked. In addition, Insurance Council of B.C. fined Antony Ronald Fransen $7,500 personally…
New, revised CAIB expected by fall
January 10, 2019 by Jason ContantThe Insurance Brokers Association of Canada (IBAC) is hoping to be able to present a new, revised Canadian Accredited Insurance Broker (CAIB) program to the broker community by this fall. The new content will address 10 broad broker competency areas…
The first priority for the Insurance Brokers Association of Ontario
January 9, 2019 by Greg MeckbachReforming auto insurance is top of mind for Jeff Gatcke, the new president of the Insurance Brokers Association of Ontario. “Our Number 1 priority would be working with insurance companies and the government on changes to the auto insurance product…
Lloyd’s disputes claim over diamond-studded statue
January 8, 2019 THE CANADIAN PRESSVANCOUVER – A major insurance company is fighting back after a British Columbia court required it to make good on a policy covering a gold, diamond-encrusted eagle statue allegedly stolen in Metro Vancouver more than two years ago. The B.C.…
2019 Executive Outlook | Ulrich Kadow, AGCS Canada
January 3, 2019 Canadian UnderwriterCanadian Underwriter approached Canadian P&C industry executives with two questions: 1) What is the single most important change the industry must make looking forward into 2019? 2) How might this change be brought about? Their answers, featured in our 2019…
2019 Executive Outlook | Mike George, Trisura
January 2, 2019 Canadian UnderwriterCanadian Underwriter approached Canadian P&C industry executives with two questions: 1) What is the single most important change the industry must make looking forward into 2019? 2) How might this change be brought about? Their answers, featured in our 2019…
2019 Executive Outlook | Louis Gagnon, Intact
January 2, 2019 Canadian UnderwriterCanadian Underwriter approached Canadian P&C industry executives with two questions: 1) What is the single most important change the industry must make looking forward into 2019? 2) How might this change be brought about? Their answers, featured in our 2019…