Équité Association president and CEO Terri O’Brien discusses how the industry is tackling insurance fraud, including the use of artificial intelligence and data analytics. During this Fraud Prevention Month chat, she’ll join hosts Pete Tessier and Curt Wyatt to touch on insurance fraud investigations, trends in auto insurance fraud, and patterns during the early […]
By Jason Contant | March 21, 2023
11 min read
A broker’s best defence against an errors and omissions (E&O) lawsuit can be summed up in three words — document, document, document. “You need to be able to prove you did [something],” broker E&O specialist Hugh Fardy, said in a Live With CU panel on LinkedIn last week. Fardy is senior vice president of professional […]
By David Gambrill | February 22, 2023
5 min read
Commercial lines differ from personal lines when it comes to broker-carrier connectivity. Northbridge Insurance and insurance software company Acturis will take you behind the scenes of the development of an API data exchange solution. They’ll look at typical interactions in the commercial space that could be made more efficient, and provide some data exchange use […]
By Canadian Underwriter | February 21, 2023
16 min read
The frenetic pace required for brokers to meet the Canadian P&C insurance industry’s premium growth targets — not to mention keeping current with the kaleidoscopic transformation of products — is putting brokers in harm’s way, broker E&O experts told Live with CU Wednesday. Anecdotally, many P&C insurance professionals talking to Canadian Underwriter over the past […]
By David Gambrill | February 17, 2023
4 min read
The current macroeconomic environment of high interest rates and inflation is affecting the entire insurance ecosystem, and how insurers cover replacement costs is no exception. Listen as Opta Information Intelligence president Greg McCutcheon discusses insurance to value, data points used, and key variables in estimating a rate increase. He’ll also provide an update on the […]
By Canadian Underwriter | January 24, 2023
12 min read
By Alyssa DiSabatino | December 19, 2022
Canadian Underwriter’s 2023 Executive Outlook series asked the country’s top insurance company leaders to tell us the most important challenge facing the industry in 2023, and how the P&C industry should respond. In our second ‘What’s on Dec?’ CU podcast, Marc Lipman (Lloyd’s Canada), Andy Taylor (Gore Mutual) and Matthew Turack (CAA Insurance) share their […]
By Canadian Underwriter | December 13, 2022
14 min read
Financing is usually the last piece of the brokerage ownership puzzle, suggests one P&C financial advisor, even though 57% of young brokers see financing as their biggest obstacle to ownership, according to Canadian Underwriter survey results. Broker entrepreneurs should ensure they are building relationships with investors and creating a business plan before they stress about […]
By Alyssa DiSabatino | November 29, 2022
3 min read
With the older generation of brokers retiring, opportunities are abound for young brokers who want to buy into an existing independent brokerage, said panellists in Canadian Underwriter’s LinkedIn Live event, ‘How to become a young brokerage owner.’ “[Independent broker owners] are concerned about succession, and not everyone wants to sell out to one of the large […]
By Alyssa DiSabatino | November 24, 2022
2 min read