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Now that Intact Financial Corp.’s deal to acquire a large chunk of RSA plc has been approved by both the federal Competition Bureau and RSA shareholders, Toronto-based Intact expects the deal to close by July and has more than two dozen teams looking at various parts of RSA’s business. “We are working to ensure we […]
By Greg Meckbach | February 10, 2021
2 min read
It’s nearly one year into the COVID-19 pandemic, and Canadian property and casualty insurance leaders likely aren’t in a joking mood. But a recent blog from Harvard Business Review suggests that would be helpful these days: shared laughter can improve work performance and accelerate a feeling of closeness and trust. “Now let’s acknowledge the elephant […]
By Jason Contant | February 10, 2021
4 min read
Sensational news stories about racial injustice in 2020 have prompted Canadian P&C insurance brokerages to take a corporate stand against racism and promote diversity and inclusion within their ranks, brokerage leaders observed in a recent Canadian Underwriter webinar. Black Lives Matter protests in Canada and the United States dominated the news cycle during the pandemic […]
By David Gambrill | February 10, 2021
Licensing exams for Ontario’s brokers are now available in an online, virtually-proctored format, the result of a partnership between the Insurance Institute of Canada and Ontario’s broker regulator RIBO (Registered Insurance Brokers of Ontario). “This is welcome news to many licensing students, as well as companies across Ontario [that] have not had access to in-person […]
By Jason Contant | February 9, 2021
Following in Aviva Canada’s footsteps, Co-operators General Insurance Company has received approval from the Nova Scotia auto insurance regulator to use credit scoring as a rating factor to help price auto insurance rates for private passenger vehicles. “The company proposed a new rating variable, Insurance Score, based on credit information obtained with the client’s consent,” […]
By David Gambrill | February 9, 2021
3 min read
VICTORIA – British Columbia’s auditor general says the Provincial Health Services Authority is not effectively managing cybersecurity threats for medical devices and has not evaluated the risk to patients. Michael Pickup says ineffective cybersecurity management means the authority can’t apply proper security controls to its systems and devices, and may not be able to detect […]
1 min read
Brokers have been on the front lines while the global COVID-19 pandemic has tightened its grip on the economy and, in turn, brokers’ clients. Four leading national brokerage executives will take a look at what Canadian brokers can expect as hopes of a return to somewhat normal appear on the horizon. They will be part […]
By Adam Malik | February 8, 2021
Managing general agencies (MGAs) in Canada are currently engaging in very little mergers and acquisitions activity among themselves because the market is still growing organically and is less mature than in other countries, the managing director of the national MGA trade association told Canadian Underwriter recently. “There is very little [M&A] because the sector is […]
By Jason Contant | February 8, 2021
HALIFAX – Most of Nova Scotia, Prince Edward Island and Newfoundland are being pounded by heavy snow and high winds Monday, creating whiteout conditions in many areas. The storm moved into the Maritimes overnight heading west to east and is forecast to continue into Newfoundland and western Nova Scotia later in the day. Environment Canada […]
Insurance Bureau of Canada (IBC) is applauding the Ontario Provincial Police (OPP) on its new towing services guidelines aimed at providing clear direction to tow operators. “These guidelines are another tool to help protect drivers and ensure that at the scene of a collision, the custody of the vehicle always rests with the insurer and […]
By Jason Contant | February 5, 2021
5 min read
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