Operations
All-Risks Insurance Essex has been acquired by Navacord-owned brokerage Ives Insurance to expand its Southwestern Ontario presence.
By Alyssa DiSabatino | March 14, 2024
1 min read
Businesses are facing riskier times due to hampered supply chains and global conflicts that are 50% longer than before, says a new report.
By Alyssa DiSabatino | March 13, 2024
3 min read
Legal / Regulation
A former B.C. broker has been suspended for three years after making unauthorized purchases on a client's credit card.
By David Gambrill | March 13, 2024
Canadians are planning to make changes to their current driving routines by driving less to save on gas and delaying car repairs.
By Alyssa DiSabatino | March 11, 2024
2 min read
As larger insurance brokerages seek to expand their footprints across Canada, mergers and acquisitions will continue apace
By Phil Porado | March 8, 2024
The potential risks stemming from P&C insurers' MGA outsourcing practices have caught the eye of Ontario’s insurance regulator.
By Alyssa DiSabatino | March 7, 2024
4 min read
Before capitalizing on this new sales opportunity, insurers must where and how to distribute embedded insurance transactions.
By Alyssa DiSabatino | March 6, 2024
Ontario’s auto insurers shouldn’t expect changes to the ‘take all comers’ or Unfair or Deceptive Practices Act rules, Michelle Dodokin, head of auto insurance supervision at Ontario’s Financial Services Regulatory Authority (FSRA), told a breakout session at Monday’s 2024 FSRA Exchange. “These are rules that will remain in place, and we’ll continue to supervise against […]
By Phil Porado | March 5, 2024
Finding ways to harness your brokerage’s data can improve customers’ expectations and overall satisfaction rates, two brokerage heads shared at the Insurance Canada Technology Forum in Toronto. For example, brokerages tracking and taking action on their internal metrics will find their customers more satisfied with their service, speakers at ICTF2024 said. Zac Sutherland, president […]
By Alyssa DiSabatino | March 4, 2024
Product complexity remains a huge obstacle to selling cyber insurance to neophyte business clients, brokers told Canadian Underwriter in a January online survey. A stronger emphasis on cyber education — to clients, brokers, and underwriters alike — is critical to boost cyber insurance sales, they said. “It’s tough to explain. And it’s tough to interpret […]
By Phil Porado | March 1, 2024
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