Industry
Employers are being expected to offer flexible working options. And job seekers are more than happy to turn down an offer if they aren’t included. IWG, which operates virtual offices around the world, recently released its annual global study which found a shift in power towards employees. Rather than employers dictating what a regular day […]
By Adam Malik | May 17, 2019
2 min read
Insurance reform is long overdue, says the head of a medical evaluation company. Don Kunkel, president of Ontario-based AssessMed, which operates in eight provinces, says previous efforts to reform auto insurance have produced results that have been less than desired. Consumers have been left with a system that is more complex to navigate and premiums […]
By Adam Malik | May 16, 2019
The Canadian Council of Insurance Regulators (CCIR) will be launching a new access point this fall to help insurance providers understand licencing and regulatory regimes across Canada. The launch of the Fintech Advisory Hub was met with enthusiasm from the Centre for Study of Insurance Operations (CSIO), which said the initiative will lead to an […]
By Adam Malik | May 14, 2019
Munich Reinsurance Company of Canada and Temple Insurance Company (a part of Munich Re) has appointed Claus-Ulrich Kroll as president and CEO of both companies. In his new role, Kroll will be responsible for the operation of all of Munich Reinsurance Company’s non-life business in Canada. He will also be a board member for both […]
By Jason Contant | May 14, 2019
1 min read
If you leave your brokerage with some confidential information stored to memory as opposed to a physical document, can you use that information? A recent ruling from the Ontario Superior Court of Justice found that even committing to memory confidential information is equivalent taking a physical list. “With respect of confidential information, it does not […]
By Jason Contant | May 13, 2019
3 min read
A merger between two direct carriers may seem simple enough, but stumbling blocks can quickly appear once you peel back the layers. It’s a lesson Desjardins learned during its acquisition of State Farm. Things you don’t think about come to the forefront, like commonly used phrases carrying different meanings in front of different audiences. During […]
By Adam Malik | May 10, 2019
Old medical malpractice claims with Allied World Assurance Company are still affecting the bottom line of Canada’s Fairfax Financial Holdings Ltd., which bought the majority of Allied World nearly two years ago. With a combined ratio of 102.3%, Zug, Switzerland-based Allied World was the only insurer owned by Fairfax that had an underwriting loss during […]
By Greg Meckbach | May 10, 2019
All signs point to positive for Intact when it comes to working with Alberta’s new government. Jason Kenney led the United Conservative Party to victory in April, returning a Conservative government to power after four years of rule by the New Democratic Party. While auto insurance may not be a top priority at this time, […]
By Adam Malik | May 8, 2019
Karen Gavan, former CEO of the first Canadian property and casualty insurer to start the demutualization process, is now on the board of directors of HSBC Canada. Gavan (pictured) was CEO of Waterloo, Ont.-based Economical Insurance from 2011 through 2016. At HSBC Bank Canada, Gavan is a non-executive director effective April 12, HSBC announced Monday. […]
By Greg Meckbach | May 7, 2019
Two years after David Marshall released 30 recommendations for reforming auto insurance in Ontario, it’s time to focus on what the current government is actually proposing, a consultant suggests. “I think it’s time to stop talking about Marshall and focus really on what’s in the (2019-20) budget proposal,” Willie Handler, principal of Willie Handler & […]
By Greg Meckbach | May 6, 2019
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