Ownership critical to independence: broker exec
May 10, 2022 Gloria CilliersBrokers 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…
Broker independence is alive and well: IBAO president
April 22, 2022 by Jason ContantInsurance 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…
Brokers say stress may cause them to leave industry, survey finds
March 29, 2022 Philip PoradoBeing 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…
Emerging trends in broker compensation
March 25, 2022 by David GambrillIn 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…
Talent crunch getting tighter, broker survey shows
March 23, 2022 by David GambrillFinding 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…
Top 3 concerns of Canadian brokers
March 21, 2022 by David GambrillCanada’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, Travelers Canada
March 11, 2022 by David GambrillTheresa 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, Équité Association
March 11, 2022 Brooke SmithTerri 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, Insurance Brokers Association of Manitoba
March 11, 2022 by David GambrillSusan 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, Insurance Brokers Association of Alberta
March 10, 2022 Gloria CilliersJody 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, Intact
March 10, 2022 by David GambrillYoomi 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, Desjardins Agent Network
March 10, 2022 by Jason ContantBenaaz 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…