Industry
The COVID-19 pandemic has created a series of unique risk exposures for Canadian policyholders, and industry experts gave a crash course on how they would handle these newly common scenarios. Three made-in-COVID situations presented themselves to clients over the past year, as presented in New Risk Exposure in a COVID World. The Insurance Institute and […]
By Adam Malik | March 8, 2021
5 min read
MONTREAL – The Shipping Federation of Canada is warning that a potential strike at the Port of Montreal is already having a damaging impact even as negotiations are set to resume Wednesday with the help of mediators. The trade association representing the interests of ocean-going ships says the threat of a work stoppage is forcing […]
By Jason Contant | March 8, 2021
1 min read
Kristen Gill, Head of Personal Insurance, Aviva Canada If more women are to become P&C insurance industry executives, the industry should actively recruit young women in the early stages of their career planning and development, says Kristen Gill, head of personal insurance at Aviva Canada. Gill’s early start in Canada’s P&C insurance industry is a […]
By David Gambrill | March 8, 2021
3 min read
Karen Gavan, Swiss Re board of directors and former president, CEO of Economical Insurance To reach a leadership position in the Canadian property and casualty insurance industry, women leadership hopefuls need to develop and hone their financial literacy skills, the former president and CEO of Economical Insurance told Canadian Underwriter. “Women overall continue to be […]
2 min read
Robyn Young, CEO, Excel & Y and president-elect, IBAC Women need to be confident in their own potential and support other women in their rise up the corporate ladder, suggests Robyn Young, president-elect of the Insurance Brokers Association of Canada. If women are the primary caregivers at home, that could sometimes impede them from moving […]
By Greg Meckbach | March 8, 2021
Susan Murphy, president, Hub Ontario The path Susan Murphy took is not necessarily one that she would recommend for young women in the insurance industry. While the president of Hub Ontario was progressing in her career, Murphy would often be the only female in the meeting room. She’d be the only female travelling with a […]
Women are making inroads into the senior executive leadership of the property and casualty insurance industry, but there is still a lot of work to do. Recent industry demographic research conducted by the Insurance Institute of Canada shows that although women made up 62.4% of the Canadian P&C workforce in 2017, they only had a […]
Average auto insurance rates rose in Canada during the second half of 2020 despite the COVID-19 pandemic and lockdowns that led to fewer drivers on the road, a new report from LowestRates.ca found. The average auto insurance premium climbed by about 30% in Alberta, 17% in Atlantic Canada and 4% in Ontario over the course […]
By Jason Contant | March 6, 2021
The head of a claims restoration company says it’s reasonable to believe that productivity in his company and the industry as a whole has dropped by nearly 20% due to the global COVID-19 pandemic. That would be on par with recent empirical studies that said construction projects in both the United States and United Kingdom […]
By Adam Malik | March 6, 2021
Having reported improved financial results for Aviva Canada in 2020, Aviva Canada’s CEO Jason Storah has his sights set on what the future may hold for 2021 — and frankly, all bets are off. “It’s such a volatile environment, one of the things that I’ve decided to do a long time ago is to stop […]
By David Gambrill | March 6, 2021
4 min read
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