Brokers are justified in thinking independence is shrinking due to increased consolidation in the P&C industry, according to Lorie Phair, president of the Canadian Broker Network (CBN), Canada’s largest network of independent brokers. To think ownership does not influence a…
Insurance Brokers Association of Ontario (IBAO) president Joseph Carnevale is not concerned about a brokerage’s ownership structure, since he sees it playing no part in whether or not brokers are “trusted advisors” to clients. “Every broker in the country is…
Being an insurance broker has always come with its share of stress but verbatim responses to Canadian Underwriter‘s 2022 National Broker Survey found specific mentions of its impact on work satisfaction. One respondent who indicated they were highly like to…
In the midst of the ‘Great Reshuffle,’ brokerage principals are finding employee-recognition programs a better way to compensate brokers for good performance. Fifty-three per cent of the 119 brokerage managers participating in Canadian Underwriter’s 2022 National Broker Survey touted employee-recognition…
Finding qualified talent is the biggest challenge facing almost seven out 10 Canadian brokerages right now. And the talent crunch is getting even tighter. Sixty-nine per cent of brokers report finding qualified workers their biggest challenge – a 7% increase…
Canada’s hard market continues to be the Number 1 concern of brokers right now, but with the end of many COVID restrictions, brokers are starting to worry more about the growth of direct-to-consumer distribution models. Market consolidation is slowly but…
Theresa Teixeira, Chief Underwriting Officer, Travelers Canada “The industry has really evolved to a wonderfully warm and inviting place for women to realize their full potential, and is far more equipped to support varied family dynamics,” says Theresa Teixeira, chief…
Terri O’Brien, CEO, Équité Association Terri O’Brien worked 25 years in large financial institutions in the banking sector before joining the P&C insurance industry about a year ago as CEO of Équité Association. But, they’re really compatible. “The two sectors are…
Susan Gilbert, President-elect, Insurance Brokers Association of Manitoba Susan Gilbert, president-elect of Insurance Brokers Association of Manitoba, started off in marketing and finance and used the same skill sets to find her confidence and success in the world of property…
Jody Lohr, President, Insurance Brokers Association of Alberta Jody Lohr, vice president of operations at Excel & Y, Lundgren & Young Insurance, applauds the industry for the progress it has made towards having more women in leadership positions. “Our industry…
Yoomi Wynveen, Deputy Senior Vice President, Claims, Intact Insurance Intact’s deputy senior vice president of claims, Yoomi Wynveen, came to the property and casualty insurance industry by way of her finance background. She joined Intact at first via the company’s…
Benaaz Irani, Vice President, Desjardins Agent Network If you were to ask Benaaz Irani, vice president of the Desjardins Agent Network, what helped her succeed as a P&C insurance industry executive, part of it would be the help from good…