Industry

Former Aviva Canada leader to head up Allianz Holdings plc

Allianz Holdings plc has named Colm Holmes, currently CEO of Aviva General Insurance in the United Kingdom, as its new CEO, effective at the end of November 2021. Holmes will be a familiar name to anyone who had dealings with Aviva Canada between March 2018 and June 2019, when Holmes was the CEO of Aviva […]

By David Gambrill | May 26, 2021

2 min read

Cyber insurance experts debunk conspiracy theories

One cybercriminal recently mused online that hackers are incentivized to launch cyberattacks because companies have cyber insurance coverage, a theory recently debunked by cyber insurance experts. The cybercriminal’s rationale? Since insurance exists for the victims, the hackers will be paid. But there is a fatal flaw to that theory, cyber experts observed during a recent […]

By Adam Malik | May 26, 2021

3 min read

What consumers really want from their insurance providers

As insurers and brokers increase their efforts to go digital, consumers still say they want an omni-channel and personalized experience, according to Ipsos survey results of more than 13,000 Canadian adults. “The preference to buy directly from the [insurance] company rather than using a broker is prevalent in the purchase phase, and later, the website […]

By Jason Contant | May 26, 2021

3 min read

Where Intact sees commercial premiums heading after pandemic is over

Many commercial clients are “hurting” because of COVID-19, but once the pandemic is over, small businesses currently under lockdown could see their insurance rates rise, Intact Financial Corp. executives suggest. “The biggest difference between the environment in which we operate and the post-pandemic environment is [in] the lines of business where there are gaps in […]

By Greg Meckbach | May 26, 2021

3 min read