Risk

Decorative pattern

Virtual Coin

Bitcoin is not a recognized currency and is not backed by any principal authority. Still, thousands of firms use the payment system launched in 2009, opening the door to discussions about how clients using bitcoin should best provide security for the storage and transfer of funds.

October 31, 2014

6 min read

Decorative pattern

Readying for the Future

Dealing with the challenges of today, but always keeping an eye to future developments, is critically important to ensure that independent brokers not only maintain, but hopefully improve, their positions as trusted advisors.

October 31, 2014

7 min read

Moves and Views

1 Brian Parsons [1], former national practice leader of mining at Marsh Canada Limited, is now chief executive officer of Willis Canada. Parsons, who has spent 22 years with Willis Canada, will report to Willis North America CEO Todd Jones, notes a statement from Willis North America. “The challenges facing the Canadian business community today […]

October 31, 2014

4 min read

Art Form

With one of life's turns, Philomena Comerford, incoming president of the Toronto Insurance Conference, went from thinking she would be a visual artist to having a 40-year career in insurance.

October 31, 2014

5 min read

Decorative pattern

Marketplace

REINSURANCE Terrorism, cyber attacks among main emerging risks in reinsurance Cyber attacks and terrorism are among the main emerging risks currently facing the reinsurance sector, notes a new report from Guy Carpenter & Company. Emerging risks are divided into three categories: technological (those that are genuinely new, emerging from new technologies and processes); crystallizing (those […]

October 31, 2014

7 min read

Decorative pattern

Things Connected

The Internet of Things is a bridge between the old economy of bricks, mortar and physical objects and the new economy of mobile devices, data networks and analytic engines. It is estimated that billions of "things" will be linked to the Internet within the next five years through sensors located in cars, homes and businesses. How will this connectivity and data affect insurance companies, brokers and consumers?

September 30, 2014

13 min read

Analyze this, that and the other

Although commercial quote analytics can influence the behaviour, growth and profit of commercial business, its promise is currently not being fully explored or exploited. Brokers and insurers looking to gain a significant competitive advantage would be well-advised to leverage the historical quote data that they already possess.

September 30, 2014

7 min read

Cloud Continuity

Business continuity plans are a must to remain competitive in today's dynamic marketplace. Brokerages would do well to build these plans and strategies, thereby enabling their businesses to quickly and smoothly return to pre-disaster operating level and capacity.

September 30, 2014

5 min read

Small Ripple

It looks like “small” might, again, be the next big thing. There is certainly no shortage of merger and acquisition activity involving brokers these days, be they large or small. In a report released in August, consulting firm Optis Partners predicted there would be “robust” M&A activity involving insurance operations in both Canada and the […]

September 30, 2014

3 min read

Playing Post Office

For the insurance industry, new approaches to presenting information through e-delivery could prove revolutionary. However, the challenge for brokers is to determine how best to ensure consumers remain protected while cost control measures unfold.

September 30, 2014

6 min read

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