Legal / Regulation
The associations for P&C brokers and insurers seek clarification and amendments to proposed regulatory guidance on incentives management.
By Jason Contant | October 25, 2022
3 min read
Operations
Much like Amazon, P&C insurance brokers offer consumers distribution, choice and data, a broker executive observed at the Insurance Brokers Association of Ontario (IBAO) convention in Toronto last Thursday. In the same way, brokers offer insureds three things that underpin the offerings of big tech firms like Google, Facebook, Uber and Airbnb, said Sherif […]
By Alyssa DiSabatino | October 24, 2022
Amazon in the U.K. is now selling home insurance, prompting Canadian brokers and insurer CEOs to ask: Could it happen here?
By David Gambrill | October 21, 2022
5 min read
HR
While the worst of the hard market in Canada is gradually drifting behind us and COVID-19 is taking something of a holiday, not all is rosy, especially for commercial lines business. Brokers worked tirelessly over the past several years to assist insurance company partners in explaining and selling premium increases to clients as needed market […]
By Phil Porado | October 21, 2022
2 min read
Brokerages won’t suffer the same downfall as Blockbuster did over a decade ago, says one broker exec, because the broker channel has already begun addressing and responding to one industry blind spot — technology. That said, there are ways that brokerages can further digitize in order to continue providing a value-add to consumers, suggests Sam […]
By Alyssa DiSabatino | October 21, 2022
Snowbirds flying south for the winter should heed that they need a policy that differs from a traditional travel policy, one expert says. They also must inform their broker that they’ll be on an extended trip, so they can update their home and auto policy accordingly. The main difference between snowbird travel and regular travel […]
By Alyssa DiSabatino | October 20, 2022
Jamie Lyons will become the president and CEO of Westland Insurance Group effective Jan. 1, 2023.
By Jason Contant | October 20, 2022
Property and casualty insurance brokers have been buying wealth and retirement planning businesses to create new sources of profits
By Phil Porado | October 14, 2022
Brokerage M&A activity in Canada remains strong and healthy, as evidenced by the number of deals announced in just the past couple of weeks.
By Jason Contant | October 13, 2022
BrokerLink has made its 19th and 20th acquisitions of 2022 with the purchase of two Ontario brokerages. The Intact Financial Corporation subsidiary said L&M Dallaire Insurance Ltd. and Cryderman Insurance Brokers Ltd. joined BrokerLink effective Oct. 1. Both brokerages offer personal and commercial insurance. In particular, L&M Dallaire Insurance provides home, auto and business insurance […]
By Jason Contant | October 12, 2022
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