Operations
To reduce Ontario auto insurance rates substantially, fairer rating systems and offering usage-based insurance (UBI) may be most effective, says one industry observer. The Ontario government is proposing measures to reduce the cost of auto insurance. Among them, it is discussing developing a new framework for ensuring fairness in rates that would replace outdated guidance, […]
By Alyssa DiSabatino | May 4, 2022
2 min read
Telematics, which allows insurance companies to measure client driving behaviour, has largely been used by carriers in the underwriting process, but it may prove to be equally as useful for claims, says one telematics provider. Claims telematics can be used to detect crashes in real-time, a step up from how the current claims process is […]
By Alyssa DiSabatino | May 2, 2022
3 min read
HR
Employee development may be key to increasing worker satisfaction and increasing talent equity, suggests one panellist during the Insurance Institute of Canada’s Pivot with Purpose webinar. Instead of viewing employees as assets, companies should see them as investments, explains Trevor Buttrum, director of operations at TalentEgg. “We actually got the accounting wrong when […]
By Alyssa DiSabatino | April 29, 2022
Managers must develop different management skills for the post-COVID world, say panellists at the Insurance Institute of Canada’s Pivot with Purpose webinar. As many organizations begin their transition to a hybrid work model, companies have a responsibility to adapt their work environment to accommodate the needs of employees, suggests one panellist. “There’s a corporate […]
By Alyssa DiSabatino | April 28, 2022
Many in the P&C industry plan to return to work in-person, so companies may want to consider ways to incentivize their employees to return to their offices, suggests a panellist at the Insurance Institute of Canada’s Pivot with Purpose webinar. “[It’s] about creating opportunities,” says Trevor Buttrum, director of operations at TalentEgg. “What incentivized […]
By Alyssa DiSabatino | April 27, 2022
With growing calls for diversity and a shortage of fresh talent, the P&C industry has made some progress by adding more diverse talent to its roster, but industry experts say more can be done to make it truly diverse. Representation, in particular, is one area where the industry has room for improvement, says the Canadian […]
By Alyssa DiSabatino | April 26, 2022
The industry achieved a highwater mark financial result in 2021, but insurers are warned to keep their powder dry.
By David Gambrill | April 25, 2022
Prioritizing environmental, social, and governance (ESG) issues is part of a company’s long-term competitive success, and panellists in a recent webinar shared examples of why. For example, companies that focus on ESG — and social responsibility in particular — find themselves making better profits. “From a business standpoint, it actually does have influence […]
By Alyssa DiSabatino | April 22, 2022
Karim Chandani is Hub International’s cross-border practice leader for its hospitality specialty. Chandani previously held a role at Hub as vice-president of hospitality from 2019 to 2022. He has nearly 10 years’ experience in Hub’s hospitality and real estate specialties, working with hoteliers, retirement homes and real estate owners, along with large manufacturers. […]
By Alyssa DiSabatino | April 21, 2022
About one-quarter of brokers say they are either likely or highly likely to leave the industry in the next three years, according to Canadian Underwriter’s National Broker Survey. One way to encourage brokers to stay would be to expand employee benefits and automate mental health tools, an insurance design agency says. Cake & Arrow’s recent […]
By Alyssa DiSabatino | April 19, 2022
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