Every business leader knows they should expect the unexpected, especially in today’s unpredictable world. However, when it comes to risk exposures no business should be caught by surprise. To be truly prepared, organizations should evaluate and reevaluate potential threats to…
Out of all the challenges facing the broker channel right now, the hard market is the biggest one of them of all, according Canadian Underwriter‘s 2021 National Broker Survey. Seventy-four per cent of Canadian P&C insurance brokers who responded to…
Brokers are currently caught between a pandemic and a hard market, with several insurers predicting that Canada’s hard market cycle in property and casualty insurance will last at least one or two more years beyond the end of the pandemic.…
Price point and carrier capacity have become increasingly important factors for brokers in recommending insurance coverage to their clients over the past year, according to Canadian Underwriter’s 2021 National Broker Survey. Canadian Underwriter asked 234 Canadian P&C insurance brokers across…
According to the Insurance Bureau of Canada, catastrophic losses add up to around $2 billion every year, most of which is due to water damage. Shawn Little, Director of Technical Property and Catastrophe at Economical Insurance says that the…
Debbie Thompson, Manager, Risk and Insurance, Ontario Ministry of Government and Consumer Services Canada’s P&C insurance industry is making good progress on increasing female representation of women in the C-suite, but more needs to be done to mentor future women…
Heena Patel, Senior Vice President, Chief Auditor, RSA Canada Advertising to more potential job candidates and raising awareness among managers about unconscious bias are among the measures the property and casualty insurance industry can take to help women advance into…
Patti Kernaghan, President, CEO, Kernaghan Adjusters Patti Kernaghan was working in the banking industry and felt pretty settled in her career before her career path veered towards the insurance industry. “My father took me out for lunch, which was not…
Lorri Frederick, President, ClaimsPro Claims has been a very “old-school” and traditional sector of the insurance industry, and for the longest time was very slow to change from the standpoints of technology, process, and diversity, said Lorri Frederick, president of…
Georgie Fleck, team manager, HRM and Central Nova Scotia, AA Munro Insurance At one point, Georgie Fleck decided to stop wearing a skirt to work for a couple of years. “And when I was asked about it, I did point…
Jodie Kaufman Davis, Corporate Senior Vice President, H.W. Kaufman Group; Managing Director, Burns & Wilcox Canada. Jodie Kaufman Davis, managing director of Burns & Wilcox Canada, entered the Canadian insurance industry while she was making a tough choice about her career in…
To increase female representation in the C-suite, the property and casualty insurance industry needs to make it easier to balance home responsibilities and up its game in promoting insurance as a career for young people, a Nova Scotia broker suggests.…