Partner Content
A fundamental need for today’s insurance consumer is flexibility. As witnessed over the past year, consumers want choice when it comes to their auto insurance, and the ability to take control of their costs. Usage based insurance (UBI), otherwise known as insurance telematics, is a clear solution for consumers. So why aren’t more adopting the […]
May 9, 2021
4 min read
Industry
Canadians tend to pay higher premium for insurance than citizens in many, if not most, other developed nations, according to a recent report from the C.D. Howe Institute. Three years in the making, the report is authored by Alister Campbell, a senior fellow at the C.D. Howe Institute, and Farah Omran, an economist and former […]
By David Gambrill | May 8, 2021
3 min read
With some commercial coverages becoming harder to place in the hard market, reinsurers are looking to distribute through managing general agents, Virtual Symposium B.C. attendees heard Thursday. “I had two meetings today with two separate reinsurers who are very interested in expanding their dealings and their trading with MGAs,” said Steve Masnyk, managing director of […]
By Greg Meckbach | May 8, 2021
2 min read
Intact Financial Corporation and Dutch insurer Tryg A/S have received all anti-trust and regulatory approvals for the acquisition of RSA Insurance Group plc, setting the stage for closing the mega-merger within a month. The last items remaining on the to-do list include RSA re-registering as a private limited company, and the High Court of Justice […]
By David Gambrill | May 6, 2021
Does your boss show up for a video conference in a hoodie? How many times during the pandemic have you seen a cat stroll across the screen during a video meeting? Or heard children fighting in the background? Most have us have seen that viral video of the spouse who may not be wearing pants […]
By Adam Malik | May 6, 2021
CALGARY – Measures to control the COVID-19 pandemic made for a bumpy ride for most of the ski and snowboard industry in Canada, as revenues slumped even at resorts that were able to maintain near-normal lift ticket sales in a season that’s coming to a close. While some resorts are reporting increases in visits thanks […]
By Jason Contant | May 6, 2021
Collectivfide Insurance Group Inc. has finalized the acquisition of Barrie, Ont.-based multiline broker RK Mooney Insurance Brokers Ltd., the fourth brokerage acquisition for Collectivfide, a company formed in 2019. Collectivfide’s shareholders represent mutual insurers in Ontario and across Canada. Although the company is currently focused on Ontario acquisitions, Collectivfide would consider expansion outside the province […]
By Jason Contant | May 5, 2021
The industry could potentially evolve towards an “open insurance strategy,” similar in concept to open banking, whereby consumers allow third parties access to their insurance data, an insurtech CEO suggests. In Europe, open banking gives consumers access to their banking data and lets them pass on that banking data to anyone they want, said Dejan […]
By Greg Meckbach | May 5, 2021
HALIFAX – Nova Scotia is offering more than $12 million in additional support to businesses hit by the latest COVID-19 lockdown in the province. Inclusive Economic Growth Minister Labi Kousoulis said today the new Small Impact Business Grant targets businesses directly affected by the provincewide lockdown that went into effect last Wednesday. Eligible businesses will […]
Citing very tight definitions of the types of incidents that would trigger a terrorism policy, an expert is advising P&C industry professionals to help commercial clients get additional coverage, providing a wider scope of protection. Several exclusions and definitions currently narrow the scope of a terrorism policy, explained Tamsin Plumptre, the Toronto-based credit, political and […]
By Adam Malik | May 4, 2021
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