Industry
The Canadian Institute of Actuaries (CIA) wants to talk about delaying the traditional retirement age to beyond 65. Many are already choosing to work beyond age 65 anyway, said John Dark, CIA president. “It makes sense to update our country’s retirement income programs to reflect this fact.” There are also concerns around worker shortages and […]
By Adam Malik | May 30, 2019
3 min read
Calls to end a provincial stranglehold on auto insurance are growing as business groups, municipalities and the Insurance Bureau of Canada (IBC) have taken up the cause. ICBC, on the other hand, is saying the high claims costs the public insurer is experiencing is not particular to any particular business model, private or public. The […]
By Adam Malik | May 28, 2019
Paul Meinschenk has joined managing general agency (MGA) Totten Insurance Group as chief operating officer and executive vice president, effective May 31. With 18 years of experience in the insurance industry, Meinschenk was mostly recently vice president of sales and producer management for insurer CNA Canada. A graduate of London, Ont.-based Western University in Ontario, […]
By Jason Contant | May 28, 2019
1 min read
Consumers are experiencing innovation when it comes to buying cars, clothes, music and more. So when it comes to insurance, they’re expecting the same types of experiences. But they’re not entirely getting it. Ontario consumers can buy car insurance online. They can renew it, too. It’s just like doing many other transactions online. But then […]
By Adam Malik | May 24, 2019
2 min read
David Bonham, chief financial officer of Fairfax Financial Holdings Ltd., died suddenly this past weekend, the Toronto-based company announced Tuesday. Fairfax is the corporate owner of Northbridge Insurance and several international property and casualty insurers, including OdysseyRe, Brit PLC, Allied World and Crum & Forster. “Dave was incredibly bright and disciplined as our CFO, and […]
By Greg Meckbach | May 21, 2019
Employers are being expected to offer flexible working options. And job seekers are more than happy to turn down an offer if they aren’t included. IWG, which operates virtual offices around the world, recently released its annual global study which found a shift in power towards employees. Rather than employers dictating what a regular day […]
By Adam Malik | May 17, 2019
Insurance reform is long overdue, says the head of a medical evaluation company. Don Kunkel, president of Ontario-based AssessMed, which operates in eight provinces, says previous efforts to reform auto insurance have produced results that have been less than desired. Consumers have been left with a system that is more complex to navigate and premiums […]
By Adam Malik | May 16, 2019
The Canadian Council of Insurance Regulators (CCIR) will be launching a new access point this fall to help insurance providers understand licencing and regulatory regimes across Canada. The launch of the Fintech Advisory Hub was met with enthusiasm from the Centre for Study of Insurance Operations (CSIO), which said the initiative will lead to an […]
By Adam Malik | May 14, 2019
Munich Reinsurance Company of Canada and Temple Insurance Company (a part of Munich Re) has appointed Claus-Ulrich Kroll as president and CEO of both companies. In his new role, Kroll will be responsible for the operation of all of Munich Reinsurance Company’s non-life business in Canada. He will also be a board member for both […]
By Jason Contant | May 14, 2019
If you leave your brokerage with some confidential information stored to memory as opposed to a physical document, can you use that information? A recent ruling from the Ontario Superior Court of Justice found that even committing to memory confidential information is equivalent taking a physical list. “With respect of confidential information, it does not […]
By Jason Contant | May 13, 2019
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