Industry

Usage Based Insurance – What’s in it for Brokers?

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

Where Canadians rank among their global peers in how much premium they pay

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

Where MGAs could find new capital as Lloyd’s limits capacity

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-RSA deal awaits final clearance for takeoff on June 1

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

2 min read