Segment these customers to boost your pandemic sales
July 21, 2020 by Adam MalikInsurers are going to need to show maximal flexibility when it comes to selling insurance policies, since a record amount of people are out of work due to the COVID-19 pandemic and won’t have a lot of extra cash to…
A P&C insurance-specific guide for returning to the office: Deloitte
July 21, 2020 by David GambrillAs Canadian P&C insurance industry leaders start to think about bringing employees back to the office, now is a good time to re-think the work required, the workforce skills that will be needed in the future, and what the future…
Facing a perfect storm of events, insurers brace for a ‘turbulent future’
July 21, 2020 by Adam MalikWith natural catastrophes starting to hit, the economy in rough shape, and the courts poised to weigh in on potential business interruption exposures, insurance companies are buckling in for a rough ride ahead, a recent report warns. Natural catastrophe (NatCat)…
How COVID affected the digital journeys of Aviva Canada and Marsh Canada
July 17, 2020 by Greg MeckbachThe pandemic could permanently change the way brokers and insurers take advantage of digital services. “I think the interesting thing about COVID that we have seen – not just in the insurance industry but in the broader context – is…
Two ways your clients are most likely to get hacked during COVID-19
July 17, 2020 by Adam MalikCybercriminals are showing much better success with phishing and social engineering attacks while everyone is working from home during the COVID-19 pandemic, says a recent report. In fact, in a highly-publicized incident just days ago, Twitter confirmed it was the…
Your commercial clients are preparing for long road back to normal
July 16, 2020 by Adam MalikIf brokers and insurers wonder when the next opportunity might be to sell more commercial premium, it could be at least another six months. That’s when about half of Canada’s small businesses expect to return to normal profitability, according to…
Bar reopenings going ahead in Ontario as Quebec links cases to bars in Montreal
July 16, 2020 Mia Rabson - THE CANADIAN PRESSOTTAWA – Canada’s deputy public health chief says going inside a bar to have a drink with friends remains a high-risk activity in the era of COVID-19. Dr. Howard Njoo’s reminder Tuesday came just days before Ontario starts to allow…
Bank of Canada holds rate, forecasts decline in GDP of 7.8% this year
July 15, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada is holding its key interest rate at 0.25 per cent in response to what it calls the “extremely uncertain” economic outlook from the COVID-19 pandemic, and plans to keep it there until the picture…
Fraud schemes that financially-strapped clients may be considering
July 14, 2020 by Greg MeckbachSome consumers who owe money on vehicle loans during the COVID-19 pandemic may be tempted to make false auto theft claims, an independent adjuster warns. “Insureds who are desperate for money may have the vehicle stolen and burned to ensure…
P&C execs to discuss how COVID-19 has improved the P&C industry’s digital health
July 14, 2020 by David GambrillWhen it comes to the Canadian P&C industry offering digital solutions to its customers during the COVID-19 pandemic, it seemed that the virtual landscape was a Brave New World just four months ago. Digital mailboxes, videoconferencing, electronic pink slips and…
Nova Scotia university asks students to sign controversial COVID 19 waiver
July 14, 2020 Michael Tutton - THE CANADIAN PRESSHALIFAX – A group of students, alumni and some staff at St. Francis Xavier University are pushing back against a legal waiver that students are required to sign if they want to return to classrooms in the fall amid a…
Why hackers are zeroing in on your manufacturing clients
July 10, 2020 by Adam MalikOnline hackers are targeting manufacturers because they’re between a rock and a hard place: Pay up or see operations grind to a halt. All sectors are susceptible to data breaches, ransomware attacks and phishing, but criminals are narrowing their focus…