Risk
Condo unit owners may be unwittingly risking their homes. A lack of understanding about home insurance policies can cause homeowners to be under-insured, a situation that should be top of mind for leaders in the industry.
September 30, 2013
5 min read
What is the deal with small business insurance and the direct channel? While personal lines insurance has served as the face of the changing distribution landscape to date, opportunities exist for innovative commercial carriers to leverage the online channel to their competitive advantage.
6 min read
Middle-sized Canadian software companies are accounting for much of the recent growth in the information and technology communications sector. Knowledgeable brokers and insurers can work together to customize solutions that address tech companies' complete pictures of risk.
4 min read
It has been a dramatic year for the property and casualty insurance industry. Recent developments and events provide a hint of what may be coming more frequently and more intensely in future.
1 Aviva plc has announced Maurice Tulloch [1], current chief executive officer of Aviva Canada, is the new CEO of Aviva U.K. & Ireland General Insurance, subject to regulatory approval. Tulloch joined Aviva in 1992 and was appointed CEO of the Canadian business in 2009. Greg Somerville, executive vice president of broker distribution for Aviva […]
Root cause analysis includes several techniques and approaches, such as the five whys approach and cause-effect diagrams. The analysis is traditionally used after a major risk event or loss, but can also be used, in a predictive way, to manage future risks and to figure out what could cause an initiative to fail - or to succeed.
August 31, 2013
Ken Myers, president-elect of Insurance Brokers Association of Canada, sees plenty of opportunity: in technology, in perpetuation and in self-belief.
A recent Deloitte survey of auto and home policyholders in Ontario and Quebec indicates that few Canadian carriers who use the broker channel let personal lines customers change policies or conduct other business over the Internet.
A broker is thinking of hiring a client in the construction business to work for him or her personally on a home renovation project. Doing business with friends and clients is not forbidden, but what are some of the ethical and business-practice considerations?
A recent report on cyber risk by Ponemon Institute LLC should pique some interest among carriers and brokers, as well as anyone concerned about the ability of businesses and government agencies to operate in the event of a telecommunications or information systems breakdown. There is a general awareness in the insurance industry that a significant […]
3 min read
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