Industry
Canadian women are in the driver’s seat when it comes to auto insurance rates. Depending on where they live, women pay about 5%-to-15% less in vehicle insurance premiums than men, according to RateLab.ca. In 2020, women paid an average $141 per month, compared with a $163 monthly average for men. Men’s higher premiums are linked […]
By Phil | December 24, 2021
3 min read
December 24th is an exciting date for many children — along with the young at heart. But for Santa, it’s all work and potentially an insurance nightmare if he doesn’t have proper coverage. So, if the jolly, red-suited man himself drops by your brokerage this week, ensure he has standard commercial business liability and auto […]
By Phil | December 23, 2021
2 min read
Canadians getting ready to ring in 2022 probably aren’t thinking about insurance coverage. Clients are required to alert brokers to any changes that might impact their coverage throughout a policy period — regardless of the renewal date, said Anthea McFarland, senior vice president, personal insurance, HUB International Ontario. However, clients may forget. So brokers might […]
Warren Griffiths, president, FCA Insurance Brokers Talent was a big part of what we were doing in 2021. Finding talent, coaching, mentoring and trying to bring in new people. We don’t have high turn over but we do have some retirements. Just replacing people in this environment was difficult and I’ve heard that from other […]
Shawn DeSantis, president and CEO, Navacord Corp. Reflecting on 2021, three themes come to mind. First, there’s the importance of resiliency. Our colleagues and clients faced a second year dealing with COVID-19. Plus, we continued to lead teams in a work-from-home environment and faced ongoing hard market conditions. Second was the strength and impact of […]
Steve Masnyk, Managing Director, Canadian Association of Managing General Agents MGAs, the fastest-growing segment of Canada’s insurance industry, will write about $4 billion in premium in 2021. And that’s on track to increase in 2022. Canadian Association of Managing General Agents (CAMGA) members, which represent over 80% of all MGAs, are seeing their books grow […]
As the December holidays neared, the Old Triangle alehouses across the Maritimes were bustling with Christmas parties and diners revelling in the festive season. But that energy vanished in recent days as the Omicron variant of COVID-19 raged across Canada and governments brought in new restrictions limiting the capacity at restaurants and enforcing physical distance […]
By Jason Contant | December 23, 2021
Andrew Agencies, a multi-line brokerage based in Virden, Manitoba, is expanding its footprint in the province with the acquisition of two Manitoba brokerages — Kimp Services in Shoal Lake, and Ducharme Agencies in Winnipeg. The acquisitions are effective Nov. 1, 2021, and Dec. 1, 2021, respectively. Kimp Services brokerage writes multiple lines of business including home, […]
By Alyssa DiSabatino | December 22, 2021
1 min read
Silvy Wright, President and CEO, Northbridge Financial Corporation As we reflect on another unprecedented year, the ability to provide a high standard of uninterrupted, responsive service and solutions that help our customers run safer businesses continues to be paramount. We will be leveraging new technologies and data science to better inform how we manage our business, improve […]
By Phil | December 22, 2021
Shelley Willick, President & CEO, Saskatchewan Mutual Insurance Company (SMI) When the pandemic hit in 2020, what we assumed would last only a few weeks or maybe months has turned into 20 months and counting. The industry has shown tremendous resilience throughout the pandemic as it stretched through 2021. The industry adapted and pivoted, putting the health […]
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