National Broker Survey
Insurance 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 independent because we always have to put the best interests of our clients ahead of […]
By Jason Contant | April 22, 2022
3 min read
DEI Survey
Diverse insurance brokerages may have better business outcomes
By Phil Porado | April 14, 2022
2 min read
Canada may purport to be a leader in the areas of diversity, equity and inclusion (DEI), but some brokers report experiencing discrimination.
By Phil Porado | April 8, 2022
The likelihood that Canadian insurance industry employees benefit from diversity, equity and inclusion (DEI) programs is largely keyed to both the makeup of senior leadership and the size of the firm. A Canadian Underwriter online survey, fielded in January 2022 and made possible with the support of Sovereign Insurance, found 37% of respondents described their […]
By Phil Porado | April 6, 2022
Insurance brokers suffer significant work stress.
By Phil Porado | March 29, 2022
Brokerage principals are finding employee-recognition programs a better way to compensate brokers for good performance.
By David Gambrill | March 25, 2022
Finding qualified talent is the biggest challenge facing almost seven out 10 Canadian brokerages right now.
By David Gambrill | March 23, 2022
Canada’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 steadily gaining steam as the Number 3 top challenge to the broker channel. In its […]
By David Gambrill | March 21, 2022
Out of all the challenges facing the broker channel right now, the hard market is the biggest one of them of all, according Canadian Underwriter‘s 2021 National Broker Survey. Seventy-four per cent of Canadian P&C insurance brokers who responded to our most recent annual broker survey identified the hard market as their greatest challenge. Canadian […]
By David Gambrill | May 11, 2021
Brokers are currently caught between a pandemic and a hard market, with several insurers predicting that Canada’s hard market cycle in property and casualty insurance will last at least one or two more years beyond the end of the pandemic. And so how are brokers going to draw blood from a stone and place coverage […]
4 min read
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