A new way to make insurance for high-risk homes in flood plains affordable
November 14, 2019 by Adam MalikAmphibious architecture could be the key to mitigating flood risk and making insurance affordable for those living and working in floodplains, according to one expert. The technology allows structures to float as water levels rise. Amphibious construction and retrofitting of…
How new equivalencies for Alberta broker wannabes will work
October 30, 2019 by Greg MeckbachFor Alberta brokerages, the ability to use a Chartered Insurance Professional (CIP) designation won’t necessarily make it easier for brokers to get licensed, but it will probably provide a better learning experience, officials with the Insurance Institute of Canada suggest.…
What’s changed about Millennials in the workplace?
October 17, 2019 by Adam MalikMillennials aren’t necessarily job hoppers, but they don’t want to feel stuck. So if you want to keep your young, talented staff – and attract new ones – make sure you’re showing them how the insurance industry can offer stability…
Want to attract young talent? Here are some tips
October 15, 2019 by Adam MalikThe old saying “It’s what’s on the inside that counts” is something insurance leaders need to take to heart when trying to get young people interested in their company, experts told a recent conference. Plastering your company name on the…
Watch out for these ‘nefarious’ ways of eating brokers’ lunch
August 28, 2019 by Greg MeckbachBrokers could be in for a nasty surprise if the concept of bundling auto insurance with vehicle lease or purchases catches on in Canada, a Symposium West speaker warned last week. An auto manufacturer is “not a traditional competitor” in…
Thoughts on industry consolidation from a retiring CEO
August 26, 2019 by Greg MeckbachConsolidation in the insurance industry is reducing consumer choice and putting more pressure on employees, Steve Smith, president and CEO of Cambridge, Ont.-based Farm Mutual Reinsurance Plan Inc., said during his second last week on the job. “To me it’s…
These two Canadian regions will face major insurance workforce issues
October 31, 2018 by Jason ContantThe Canadian property and casualty insurance industry’s entry-to-exit ratio is declining, meaning insurance organizations will find it harder to grow in the years to come. Few regions should be as concerned as Atlantic Canada and Saskatchewan when it comes to…