Industry
The environment of recent years has laid bare the need for insurers to focus attention on three core issues: talent, technology, and brand experience.
By David Gambrill | December 29, 2017
2 min read
The insurance industry is facing potential disruption. Insurers are tackling several longer-term trends, including sharing economy and tech-savvy consumers.
A Manitoba broker has lost her license for failing to ensure a smooth transition during policy renewals for three separate clients.
3 min read
With the federal Bank Act up for review in 2019, a Montreal-based broker is warning that some banks will try to have the government change a law restricting the way banks can sell property and casualty insurance. “I am sure that the banks are going to try to have the current restrictions lifted,” Ted Harman, […]
By Jason Contant | December 21, 2017
Property & casualty insurance providers wanting to improve client retention could offer more “holistic advice” and better “product density” by offering wealth management, some insurance executives say. Brokerages can provide a “broader value proposition” to clients by offering them home, auto, business, life and investment products, said Ted Harman, president of Montreal brokerage Accent Insurance […]
By Canadian Underwriter | December 21, 2017
Changes to Canada’s property and casualty insurance industry continue to keep industry players on their toes. Be it traditional matters like catastrophe losses, or emerging trends and risks for which little history is available, professionals must remain alert to how many risks can develop and how quickly they can transform.
By Jason Contant, Online Editor; and Angela Stelmakowich, Editor | December 20, 2017
Two years after Economical left the gate on the track to demutualization, the Waterloo, Ont.-based mutual insurer appears to be the lone horse among its industry peers. Four Canadian life insurers demutualized in 1999-2000 but regulations allowing mutual property and casualty insurers to demutualize have only been law for two years. Manitoba-based Wawanesa Mutual Insurance […]
By Canadian Underwriter | December 15, 2017
TORONTO – Bank of Canada governor Stephen Poloz says with the economy running at close to full tilt, a mechanical approach to setting interest rates would suggest higher borrowing rates should already be in place. But in a speech Thursday, Poloz said the central bank has been focused on scrutinizing some “unusual factors” at play, […]
By The Canadian Press | December 14, 2017
With technology disruption well-established on its radar screen, the Toronto Insurance Conference will soon have a Millennial, Rael Levy, at its helm.
By Greg Meckbach, Associate Editor | December 14, 2017
Jean-Francois Blais, currently president of Intact Insurance, will be retiring from Intact, the parent company Intact Financial Corporation announced on Dec. 14. Blais joined the company six years ago, through Intact’s acquisition of AXA Canada in 2011. He led AXA Canada’s operations for seven years as a board member and chief executive. Elected in 2016 […]
By Greg Meckbach | December 14, 2017
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