Insights
As natural disasters increase in frequency and severity across Canada, the pressure on insurers and restorers to respond effectively has never been greater. In recent years, Canadians have faced an alarming number of catastrophic (CAT) weather events, ranging from wildfires and hurricanes to devastating floods. While the industry grapples with its new norm of over […]
By Steamatic Canada | October 2, 2024
3 min read
The numbers are staggering. A vehicle is stolen from a driveway or parking lot, on average, every five minutes across Canada, leaving unsuspecting victims to pick up the pieces after their second-most-valuable possession has disappeared. According to industry estimates, the cost of vehicle theft in 2023 was $1.5 billion, while the impact in Ontario alone […]
By CAA Insurance Company | October 1, 2024
1 min read
A successfully globalized company must maintain both an international perspective and a keen understanding of local markets in their operational strategy. Evolving global events are interconnected and have far reaching ramifications in all aspects of business – including in the insurance marketplace. Sanctions and embargoes, for example, change and evolve, differing from country to country, […]
By HDI Global SE Canada Branch | October 1, 2024
Ask the Experts
Every broker who works in commercial lines knows the mid-market is a special place, full of complex risks, evolving businesses and premiums that defy algorithms.
By Intact | September 30, 2024
5 min read
Cyber is one of the fastest-growing areas in insurance. In today’s digital world, cyber risks are an ongoing threat, evolving rapidly and presenting challenges for businesses and insurers. Cyber insurance is not one-size-fits-all. For underwriters to understand and manage cyber risk, they require deep knowledge of traditional underwriting principles, as well as a forward-looking approach […]
By HSB Canada | September 24, 2024
Any claim is a high-stress period in a person’s life. A complex commercial claim has the potential to elevate stress to unprecedented heights. The customer must grapple not only with the immediate loss but its repercussions on employees, suppliers and customers – and the future viability of the business. The number one consideration for insurers […]
By Intact | September 16, 2024
4 min read
Cyber insurance provides important protection for businesses in today’s digital age, yet brokers often encounter insureds who are resistant in purchasing the product. Understanding and addressing their concerns is key to fostering better adoption of cyber insurance. Below are some common objections to cyber insurance with suggestions on how brokers can respond to them. “Cyber […]
By HSB Canada | September 9, 2024
In business, uncertainty is the only constant. From technical advancements to unforeseen accidents and breakdowns, the landscape presents many risks. In such a volatile environment, the significance of robust risk control procedures, particularly in the realm of equipment breakdown insurance cannot be overstated. Equipment breakdown insurance is a unique product that fills the gap of […]
By Intact Insurance | September 9, 2024
2 min read
Within today’s competitive and challenging economic landscape, Error and Omissions (E&O) insurance has emerged as a crucial safeguard for professionals across various industries. This specialized insurance coverage, also known as Professional Liability insurance, protects owners and employees against legal liability for claims of negligence or failure to perform their assigned duties adequately. The professional services […]
By Intact Insurance | August 14, 2024
Intact
As the cost-of-living crisis continues to impact Canadians, it’s imperative that customers feel they are paying the “right” price for their insurance.
By Intact | June 17, 2024
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