Industry
Chances are high that you didn’t choose to work in insurance. Which means that if you are seeking new talent within the four walls of the industry, you are probably limiting your brokerage’s ability to find fresh new talent, experts told a recent broker conference. A pair of speakers asked hundreds of people attending the […]
By Adam Malik | October 31, 2019
3 min read
Mutual insurers that are concerned about their small size placing them at a competitive disadvantage could choose to follow in the footsteps of Economical and start the demutualization process, suggests an executive who is looking to invest about $500 million from Canadian pension funds into carriers. “Many of the small to medium-sized mutual companies suffer […]
By Greg Meckbach | October 30, 2019
Intact’s Centre on Climate Adaptation is “zeroing in” on flood risk mitigation, educating professionals in other industries about flood risk so that more eyes are watching out for dangers in homes across Canada. Blair Feltmate, head of the Intact Centre on Climate Adaptation at the University of Waterloo, pointed to successful efforts in working with […]
By Adam Malik | October 30, 2019
OTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday, leaving the country as an exception compared to other advanced economies that have begun to respond to a weakening global economy. In its explanation, the central bank argued that inflation is on target and the domestic economy has held up well […]
It’s getting ugly out there in the war for talent in Canada’s property and casualty insurance industry. Signs of strain on the industry’s existing staff resources have been reported in all segments of the industry over the past year, be it in brokerages, underwriting divisions or claims departments. It seems everyone has a story to […]
By David Gambrill | October 30, 2019
It appears that there has been a proverbial “last-minute call from the governor” regarding controversial new rules proposed by Canada’s solvency regulator as part of its reinsurance review. The Office of the Superintendent of Financial Institutions (OSFI) has made it known to Canada’s property and casualty insurers that it will defer the timing – and […]
By David Gambrill | October 29, 2019
Low interest rates in Canada are here to stay, primarily because of very high debt levels, David Chilton, keynote speaker at the 2019 Insurance Brokers Association of Ontario (IBAO) Conference, said in Toronto last Wednesday. “Low interest rates are here to stay,” said Chilton, a former Dragon on CBC’s Dragon’s Den and best-selling author of […]
By David Gambrill | October 28, 2019
Alongside the increasing importance of data collection is a growing concern among brokers that insurers could potentially use that very same data against the brokers who collected it. Speaking strictly on background, brokers at the 2019 Insurance Brokers Association of Ontario (IBAO) Conference in Toronto last Thursday raised questions about situations both hypothetical and real. […]
4 min read
The need for tailored offerings and coverage for multiple operations remains important in the small business insurance market, Aviva Canada told Canadian Underwriter Wednesday. There is an increasing demand for the right service, education and choice, said James Warburton, Aviva’s vice president of commercial insurance enablement, in an interview Wednesday. “Small commercial is big in […]
By Jason Contant | October 24, 2019
2 min read
Desjardins General Insurance Group’s new president and chief operating officer is Valérie Lavoie. Denis Dubois (pictured), DGIG president until recently, now heads the life insurance and wealth management side of Desjardins Group, a spokesperson told Canadian Underwriter Wednesday. Lavoie is also executive vice president of P&C insurance for Desjardins Group. Levis, Quebec-based DGIG ranked third […]
By Greg Meckbach | October 23, 2019
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