Industry
Ignoring the successes, failures and lessons learned by other industries and not applying them within the world of property and casualty insurance is a big mistake some in the industry may be making, according to a panel of experts during a recent webinar. P&C pros need to see what strategies other industries are implementing and […]
By Adam Malik | April 30, 2021
2 min read
CALGARY – The Canada Energy Regulator says it has decided to grant a request by the operator of the Trans Mountain pipeline to protect the identity of its insurers in its regulatory filings. In a ruling, the federal regulator says it accepts Trans Mountain’s argument that identifying its insurers could be expected to make it […]
By Jason Contant | April 30, 2021
Last year was challenging for aviation insurers’ customers but there are many signals that it may be wheels up towards a recovery. While there is increasing demand for regional airlines, that doesn’t mean it’s clear skies for challenges. The airline sector went into a tailspin following the suspension of international travel due to COVID-19. In […]
By Adam Malik | April 29, 2021
4 min read
As the transition date for the new insurance accounting standard IFRS 17 approaches in January 2022, insurers are split on whether or not to use dedicated staff for implementation. A recent study of about 25 insurance clients of PwC found that 56% will take on IFRS (international financial reporting standards) implementation as an additional responsibility […]
By Jason Contant | April 29, 2021
When the COVID-19 pandemic swept across the world last year, Airbnb CEO Brian Chesky watched business shrivel up at record speed and his company’s phonelines flood with cancellations, eventually leading him to lay off 1,900 workers. But under that cloud of gloom, the head of the home rental giant noticed bright spots in corners of […]
Deciding to shift your workforce to be more weighted towards a work-from-home environment isn’t as easy as flicking a switch for brokerages and insurance companies, P&C experts on a recent web panel warned. There needs to be real thought put into it, as the future normal hasn’t quite been sorted out yet. For example, companies […]
By Adam Malik | April 28, 2021
3 min read
Although proposed draft reinsurance rules from the federal solvency regulator have not been finalized, the president and CEO of Insurance Bureau of Canada (IBC) is indicating that the regulator and Canadian P&C insurers may be bridging the gap. “I take some solace in how the reinsurance file has played out,” IBC president and CEO Don […]
By Jason Contant | April 28, 2021
Human interaction is still as important as ever despite a global pandemic but the method of having those interactions has changed. Enhancing digital capabilities by getting splintered groups to come together has allowed the insurance industry to maintain those relationships, said an insurer executive during a recent webinar. Many interactions between insurance professionals have historically […]
By Adam Malik | April 27, 2021
Kings Mutual CEO Cara Cameron is not staying on after the Nova Scotia-based insurer merges with Heartland Farm Mutual Inc. If approved by regulators, the Kings-Heartland deal, initially announced on Jan. 18, will take effect June 30. The merger was approved on April 26 by both mutual insurers’ policyholders. It still requires regulatory approval, Waterloo, […]
By Greg Meckbach | April 27, 2021
BFL Canada announced Tuesday it has appointed Brian Parsons as its new president of BFL Canada’s national risk management division. The large commercial brokerage said in a press release Tuesday that it will also announce new appointments in its risk management division in the “near future.” Parsons was previously president and CEO at Willis Towers […]
By Jason Contant | April 27, 2021
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
