Operations
Marsh McLennan, with a global market share of approximately 15.4%, was the biggest brokerage in the word last year, says a new report.
By David Gambrill | June 7, 2022
2 min read
Small brokers face a David and Goliath style situation when large brokers come looking to buy them out.
By Phil Porado | June 6, 2022
3 min read
High inflation means commercial building owners need to look at their insurance coverage.
By Phil Porado | June 3, 2022
Westland Insurance Group Ltd. has broadened its place in commercial and personal lines with the recent acquisition of two Ontario-based brokerages: MCR Insurance in Aurora and Walter Roberts Insurance in Richmond Hill. Ontario is an area of strategic importance, Westland stated in a press release Friday. “Each of these acquisitions adds significant depth and strength […]
By Alyssa DiSabatino | May 27, 2022
Over the past 20 years, a transition from traditional risk management approaches to enterprise risk management (ERM) helped Canada’s property and casualty insurance industry post stronger performance and financial health, compared with many other industries. A recent Insurance Institute study noted this strong performance included reporting of an underwriting profit for every year but one […]
By Phil Porado | May 26, 2022
With the May long weekend just around the corner, many Canadians will be packing their bags and heading up to the cottage, but a post-pandemic surge of demand may mean a lot of cottage rentals, and some important points of coverage — such as exclusions for damage caused by renters — may easily be overlooked. […]
By Alyssa DiSabatino | May 17, 2022
During ‘The Great Resignation,’ industry leaders would be well-advised to focus on retention instead of focusing on recruitment,
By David Gambrill | May 16, 2022
Legal / Regulation
Ontario Liberals want to bring down auto insurance rates but not via percentage targets, as envisioned by the New Democrats. “We will also work tirelessly to bring down auto insurance rates,” said Ontario Liberal Party press secretary Andrea Ernesaks. She noted that will include “creating a neutral independent assessor [and] modernizing ‘territory ratings’ for accuracy and fairness.” Plus, […]
By Phil Porado | May 13, 2022
Mergers and retirements create underwriter crisis for insurers
By Phil Porado | May 12, 2022
The industry’s heavy reliance on outdated legacy systems may be holding it back from modernizing, panellists note during a Canadian Underwriter webinar — and this could be a problem for attracting IT talent. “Legacy platforms are a big challenge for our industry,” says Trevor Wall, vice president of sales and distribution of business insurance at […]
By Alyssa DiSabatino | May 6, 2022
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
