HR
IndemniPro shakes up Quebec leadership IndemniPro, an independent claims adjuster, has announced two organizational changes in Quebec. After a 16-year career with IndemniPro, Suzie Godmer, senior vice president of the company’s Quebec and Atlantic Canada regions, has decided to leave her current position “to join one of Canada’s largest insurers,” effective January 2018. Christopher Tirrell, […]
By Canadian Underwriter | November 30, 2017
3 min read
Registered Insurance Brokers of Ontario officials are “giving some thought” to how they will make disciplinary committee hearings public, RIBO’s chief executive officer said Thursday. “Just because the hearings are required to be held in camera doesn’t mean that we have not been pretty effective at regulating the profession,” RIBO CEO Patrick Ballantyne said Thursday […]
By Jason Contant | November 30, 2017
While the Office of the Superintendent of Financial Institutions (OSFI) expects federally regulated insurers (FRIs) to comply with its guideline on reinsurance, it realizes that “this guidance was not always well-understood by the industry and [has] identified opportunities to clarify our expectations.” Reinsurance is a tool used extensively by FRIs to manage insurance risks and […]
2 min read
A rule requiring disciplinary hearings of Ontario brokers be open to the public is currently included in the province’s budget implementation bill, which has yet to be passed. The Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter Wednesday it has been “vocal” in its support of “increased transparency of Registered Insurance Brokers of Ontario,” […]
Canadian property and casualty (P&C) insurers seeking to advance their artificial intelligence (AI) capabilities will have a tough time recruiting data scientists to help them transform their data into genuine business insights, says a recruiter who works with the P&C industry. “I think there’s a lot of talk in the marketplace that this talent is […]
By Jason Contant | November 29, 2017
Darius Delon, a consultant and president of Risk Management 101, told Canadian Underwriter Monday what he sees as the top concerns for risk managers. Here are his Top 3 risks: Number 1: Awareness about legislative changes In some instances, organizations are not aware of legislative changes that have already been made—to say nothing of upcoming […]
By Jason Contant | November 27, 2017
Quebec regulator names inaugural fintech director The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec’s financial sector, has appointed Moad Fahmi to the new position of director of fintech and innovation. “This new function will foster the collaboration that is essential to developing Québec’s fintech ecosystem,” said Louis Morisset, AMF president and CEO. “It is […]
By Jason Contant | November 26, 2017
Ontario’s recent minimum wage hike up to $15 per hour ruffled a few feathers within the business community, but the new legislation didn’t raise much of a fuss within the property and casualty (P&C) insurance sector. “On this particular issue, we reached out to member companies when the legislation was first proposed, and we were […]
While it remains to be seen whether or not the industry’s anticipated move to automate “paper pushing” roles over the next decade will spawn major job losses, the industry may have an easier time attracting youth to the more advanced roles that emerge. “Certainly, there has been much anticipation that technology will start to eliminate […]
By Jason Contant | November 24, 2017
Continuing Education (CE) for brokers will likely make its way onto mobile devices in the short term, with the world of Virtual Reality classrooms to follow over the longer term — perhaps in the next five to 10 years, says an award-winning contributor to Canadian broker education. Greg Mansfield, education department manager at the Insurance […]
By Jason Contant | November 21, 2017
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