Insurers have talked about the need to be more digital for years now but there is one clear sign that they’re actually following through on their plan, according to a KPMG insurance expert: A significant number of them are investing…
The industry continues to consolidate and pension funds are one major source of capital for insurers, a Montreal-based merger and acquisition expert observes. “One or two notable [carrier M&A] transactions per year has slowly transformed the Canadian landscape, including the…
Aviva Canada CEO Jason Storah has no time for arguing about the validity of climate change and the threats facing the planet that are affecting the insurance industry. Instead of debates about climate change based on speculation and conjecture, he’d…
The new name of the mutual insurer formed through the merger of La Capitale and SSQ Insurance will not use either of the existing monikers, an executive for the Quebec City-based firm suggested Tuesday. “In 2020, we started working on…
Insurance companies are used to collecting data, but they need to do a better job of using data around race and gender to build diversity and inclusion in their senior ranks, speakers said Tuesday at KPMG’s 2020 Insurance Conference. Insurers…
Autonomous vehicles need their own space to operate, a report says, and auto executives agree that putting them on the same roads as human-driven cars in a mixed-use environment will only increase liability claims. “As autonomous technology develops and matures,…
If you have clients in the mining sector, chances are their biggest concerns are how much their customers will pay for their products and how easily they can raise investment capital. Commodity prices and access to capital placed first and…
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…
Brokerages negotiating a merger or acquisition don’t have to stop because of the COVID-19 pandemic, a Canadian M&A advisor suggests. “A good deal can get done. I suspect it may take a bit longer,” said Georges Pigeon (pictured), Montreal-based deal…
The industry is not “horrible” when it comes to diversity and inclusion but more can be done, speakers suggested at KPMG Canada’s recent insurance conference. Diversity and inclusion have to be “directed from the very top,” said Heather Masterson, president…
As open banking makes it easier for other players to access your clients’ financial data, now is the time for insurance professionals start thinking about how they can take advantage of this new model, an actuary advises. “A number of…
Disruption by fintechs will be one driving force behind mergers and acquisitions among insurance brokerages, industry executives say.“I think fintech will help perpetuate this continued consolidation trend because I think at the small end of the market, fintech is viewed…