Industry
While the traditional view of claims is that it sits towards the back of the value chain, that is changing, a speaker said Wednesday during KPMG’s 30th annual insurance conference. The evolving role of claims was one of four macro (or high-level) trends discussed during the Reimagining Operations session at the virtual conference. Paul Jones, […]
By Jason Contant | November 18, 2021
3 min read
ST. JOHN’S, N.L. – The cyberattack on Newfoundland and Labrador’s health-care system is yet another urgent signal that Canada needs better rules around protecting personal health information from hackers and needs a unified response plan when health-care services are under siege, experts say. Lives are at stake and action is needed now, said Paul-Emile Cloutier, […]
4 min read
Canada’s property and casualty insurance industry was already facing the oft-mentioned ‘war for talent,’ and now it has to contend with a newer talent crunch: The ‘Great Resignation.’ The widespread trend of a large number of workers leaving their jobs during the COVID-19 pandemic has made the search for P&C talent that much more difficult. […]
Brokers are struggling to support their transportation clients as a new border-crossing vaccine mandate adds to driver shortages and supply chain concerns for an industry that’s already grappling with a host of prolonged concerns, a broker has said. The recent U.S. move to open the Canada-U.S. border to both essential and nonessential travelers includes a […]
By Phil | November 18, 2021
2 min read
OTTAWA – Statistics Canada says the annual pace of inflation in October rose to 4.7 per cent as the consumer price index posted its largest year-over-year gain since February 2003. The increase compared with a year-over-year increase in the consumer price index of 4.4 per cent in September. The agency said Wednesday that factors contributing […]
By Jason Contant | November 17, 2021
BrokerLink has announced the acquisition of three new brokerages in Canada — one in Alberta and two in Ontario. The Intact Financial Corporation subsidiary said Monday it had acquired Alberta-based Blue Circle Insurance Brokers Ltd., as well as Ontario-based Stevenson Insurance Brokers Limited and McVey Bros. Insurance Brokers Ltd., effective Nov. 1. “These acquisitions enable […]
By Jason Contant | November 16, 2021
AGASSIZ, B.C. – Melanie Forsythe’s drive home from Vancouver to Hope, B.C., had her making at least five detours as torrential rain washed out a bridge, closed roads and trapped her overnight between two mudslides before a helicopter landed on a highway and whisked her to safety. Forsythe, who was with her boyfriend Shawn Ramsay […]
5 min read
Canada’s association for managing general agents (MGAs) has unveiled a regulatory regime that will codify minimum business operating standards for these P&C intermediaries in Canada. The Canadian Association of Managing General Agents (CAMGA) announced the voluntary measures and membership requirements Tuesday. CAMGA managing director Steve Masnyk told Canadian Underwriter in an interview last week that […]
The ongoing digital revolution, accelerated by the COVID-19 pandemic, will continue to have a major impact on the way brokers provide services. Canadian Underwriter’s Trusted Advisor 2021 survey found 80% of business clients and 73% of personal clients said online quoting is the most important digital service they need today. But it’s just the tip […]
By Phil | November 15, 2021
VANCOUVER – A local state of emergency has been declared in part of British Columbia’s eastern Fraser Valley where unrelenting rainfall caused flooding, mud and rock slides and the closure of highways to and from the southern Interior. Environment Canada said 225 millimetres of rain had deluged the community of Hope since the storm […]
By Jason Contant | November 15, 2021
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