Canadian Underwriter

News BrokersInsurance

This open banking recommendation is a ‘red flag’ for brokers

August 11, 2021 by Greg Meckbach

A federal advisory committee’s recommendation to prohibit the use of banking data in underwriting, during the proposed initial phase of open banking in Canada, is a partial but not a complete victory for Canada’s national brokers’ association. In its final

News Insurance

Has the pandemic changed how brokers think about specialization?

November 23, 2020 by Adam Malik

With the global COVID-19 pandemic affecting specific sectors harder than others, brokers may see the value in the diversification of their offerings so as to not have their business depend on the success of one sector, says one broker leader.

News Insurance

How renewal delays are taking a toll on brokers

November 17, 2020 by Adam Malik

Insurers are becoming more meticulous around what they deem to be a good risk and that extra scrutiny is giving brokers heavier workloads, broker leaders say, and it could force brokers to limit how much they take on. Interest rates

News Insurance

What industry experts think of pandemic auto rebates

October 30, 2020 by Adam Malik

Insurance companies responded well and appropriately to the COVID-19 pandemic in terms of assisting customers by way of premium relief and other measures, according to industry experts. Canadian Underwriter recently checked in with insurers on the current status of relief

News Insurance

National broker association appoints new broker connectivity lead 

September 4, 2020 by Jason Contant

The Insurance Brokers Association of Canada (IBAC) has announced the appointment of Tom Reid as the new broker connectivity lead for the association’s Data Exchange (DX) project.   “Broker connectivity is a key priority for IBAC, and the pandemic has intensified

News BrokersInsurance

Brokers urged to plan now for eventual return to the office

May 4, 2020 by David Gambrill

Canadian brokers are now turning their minds towards returning back to the office safely while the novel coronavirus pandemic is still underway and a vaccine has yet to be developed. Brokerages across Canada will need to be aware of what

News BrokersInsurance

This company is accelerating broker commissions

April 13, 2020 by Adam Malik

Some brokers will be getting their commission payments sooner from Travelers Canada, the company announced just before the Easter weekend. The move is being applauded by the Insurance Brokers of Canada (IBAC). Those who are on an annual payment system

News AssociationsBrokersInsurance

The thinking behind IBAC’s ‘light-hearted’ flood and earthquake education campaign

February 13, 2020 by Greg Meckbach

While the Insurance Brokers Association of Canada (IBAC) is encouraging homeowners to contact brokers about earthquake and overland flood risk, it is not aiming to shock or scare the living daylights out of consumers. “We consciously chose not to use

News AppointmentsAssociations

New president at Insurance Brokers Association of Canada

September 20, 2019 by Greg Meckbach

Kent Rowe is now the president of the Insurance Brokers Association of Canada. Rowe, a former president of the Insurance Brokers Association of Newfoundland, was inducted into his new role after IBAC’s annual general meeting Thursday. By day, Rowe works

6 Chris Floyd, president, Insurance Brokers Association of Ontario (IBAO) and president, individual insurance, Ontario Teachers Insurance Plan (OTIP)
News AssociationsInsurance

IBAC announces new president

October 16, 2018 by Greg Meckbach

Chris Floyd, president of individual insurance services at the Ontario Teachers Insurance Plan (OTIP), is the new president of the Insurance Brokers Association of Canada. IBAC announced Monday its new leadership team, which was confirmed October 5 at its annual