Tech
While Canadian organizations are investing in emerging technologies and innovation, few of them are managing the associated risks, a report from PwC Canada suggests. Jennifer Johnson, a partner and national financial services leader with PwC Canada, says that when she thinks about innovation, it can be about introducing new technology, or it can be about […]
By Jason Contant | August 10, 2018
2 min read
Operations
Now that Wawanesa Mutual Insurance Company will soon be selling exclusively through brokers in Quebec, what does it think about online sales without the intervention of a broker? “I’m not a big fan of quote and buy online, because I don’t think consumers get the advice that they need,” said Carol Jardine, president of Wawanesa’s […]
By Jason Contant | August 9, 2018
Wawanesa Mutual Insurance Company’s recent decision to sell exclusively through independent brokers in Quebec was prompted in part by Bill 141, which requires brokerages to have at least three distribution agreements in place for personal lines with insurers that are “not in the same financial group.” Carol Jardine, president of Wawanesa’s Canadian P&C operations, told […]
By Jason Contant | August 8, 2018
3 min read
National commercial brokerage Navacord Inc. welcomes Toronto-based brokerage Paisley-Manor Insurance Brokers Inc., the third broker partner to join Navacord in 2018. Navacord trades under 10 different broker partner brands throughout Ontario, Alberta and British Columbia. Independent commercial insurance brokerage Paisley-Manor will continue to operate under its current management team, Navacord said in an Aug. 1 […]
By Jason Contant | August 7, 2018
Brokers who spend too much time typing information into two different computer systems are getting help from the Insurance Brokers Association of Canada, and IBAC is looking for help on some new working groups. IBAC aims to have some working groups – among the next steps of the IBAC-led Data Exchange (D/X) – up and […]
By Greg Meckbach | August 3, 2018
One of Atlantic Canada’s largest brokerages, Archway Insurance, may be looking to eventually move outside of the two provinces where it currently does business: Nova Scotia and New Brunswick. On Aug. 1, Archway announced that it had added its 24th location with the acquisition of J.H. Deveau Insurance in Meteghan, N.S. Jean Guy Comeau will continue […]
By Jason Contant | August 3, 2018
HR
While a majority (85%) of Canadian organizations are investing in emerging technologies, few of them are managing the risks associated with technology, such as cybersecurity threats and lack of talent, a recent PwC Canada report has found. The Full Risk in Review report, released in late June, found that 85% of more than 1,500 global […]
By Jason Contant | August 2, 2018
When it comes to real-time data exchange, the insurance industry in Canada seems to be more on the right path than south of the border, said the CEO and co-founder of an insurtech in the United States that recently incorporated in Canada. TechCanary CEO and co-founder Reid Holzworth spoke to Canadian Underwriter Tuesday, days after […]
Western Financial Group Inc. continues to expand in Ontario, acquiring Toronto-based DMW Insurance Ltd. “As the largest insurance broker in western Canada, we recognize the importance of being able to bring our expertise and care for customers into Ontario, the largest insurance market in Canada,” says Kenny Nicholls, Western’s president and CEO. “We welcome DMW […]
By David Gambrill | August 1, 2018
1 min read
Milwaukee-based insurtech company TechCanary has incorporated in Canada, with headquarters in Laval, Que. and an eye to opening another office in Toronto. TechCanary CEO and co-founder Reid Holzworth told Canadian Underwriter Tuesday that “it’s not planned yet, but we’ll open an office in Toronto as well.” He anticipates this will happen within the next year […]
By Jason Contant | August 1, 2018
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