Insights Investment and advisory experts answer your most pressing questions. Email us your questions! Note: Advisor.ca journalists are not involved in producing this content. Intact View all → → Intact Mitigating Risk: The Imperative of Equipment Breakdown Insurance In business, uncertainty is the only constant. From technical advancements to unforeseen accidents and breakdowns, the landscape presents many risks. In such a volatile environment, the significance of robust risk control procedures, particularly in the realm of equipment breakdown insurance cannot be overstated. Equipment breakdown insurance is a unique product that fills the gap of […] September 9, 2024 2 min read More content from Intact Intact A step ahead – why businesses should invest in the indispensable Errors and Omissions coverage Within today’s competitive and challenging economic landscape, Error and Omissions (E&O) insurance has emerged as a crucial safeguard for professionals across various industries. This specialized insurance coverage, also known as Professional Liability insurance, protects owners and employees against legal liability for claims of negligence or failure to perform their assigned duties adequately. The professional services […] August 14, 2024 2 min read Hagerty View all → → Hagerty 3 ways Canadian insurers can prepare for political risk Canadian P&C insurers can do three things to prepare for damage caused by political protests, an Insurance Institute report says. By David Gambrill | April 2, 2024 4 min read More content from Hagerty Hagerty The Best Way to Protect Your Clients If Their Classic Car is Completely Totaled It’s every classic car owner’s nightmare: A collision on the road. A fire or a flood. An accident at home or at the storage garage. The end result of all of these could be a completely totaled, undriveable yet irreplaceable vehicle. Even though most car lovers take amazing care of their collectible rides, sadly, things […] December 2, 2021 3 min read CAA View all → → CAA Safeguarding Trust: Data Privacy Strategies for Your Brokerage Imagine firing up your computer on a Monday morning with the usual hustle and bustle of various requests to attend to. An urgent client request for a policy change comes in but, in a rush, you decide to send this information as quick as possible and off goes the client information via an unsecured email. […] March 4, 2024 2 min read More content from CAA CAA CAA Insurance is levelling the playing field. At CAA Insurance, we’re committed to making things better. That means championing fairness in everything we do, and delivering unexpected value. There are countless examples of how we deliver this unexpected value for customers and for CAA Insurance brokers. One of those ways is when a customer buys one of our products, they can get […] May 15, 2023 2 min read CAA How to keep your client and their vehicle safe The numbers are staggering. A vehicle is stolen from a driveway or parking lot, on average, every five minutes across Canada, leaving unsuspecting victims to pick up the pieces after their second-most-valuable possession has disappeared. According to industry estimates, the cost of vehicle theft in 2023 was $1.5 billion, while the impact in Ontario alone […] January 1, 1970 1 min read Gore Mutual View all → → Gore Mutual The business case for leading on Purpose The Purpose Imperative Canadians are feeling overwhelmed by social and economic pressures and recurring devastation from floods, fires and extreme storms. On top of constantly managing risks, liability and costs due to these conditions, the insurance industry, like all others, is facing tremendous change and challenges with respect to consumer expectations and buying habits, brand […] December 12, 2023 3 min read More content from Gore Mutual Gore Mutual How investing in Purpose helps insurers and brokers future-proof their business and make an impact Post-pandemic, “Purpose” is no longer just a buzzword used by HR and communications professionals. Today, investing in strategic Purpose initiatives has become a business imperative – and Gore Mutual’s industry-leading Purpose Partnership recently proved why. The Purpose Partnership saw Gore Mutual bring together 11 brokerages with the objective of demonstrating the true business impact of […] May 29, 2023 4 min read Gore Mutual How Gore Mutual’s new National Operations Centre offers brokers faster service, out-of-the-box solutions Gore Mutual has heavily invested in its transformation on its path to becoming a Bigger, Bolder and Better personal property market in Ontario. From enhanced service and technology to improved experiences, the company is committed to growing with its broker partners. “We’ve made significant investments in our digital transformation with the introduction of Guidewire, and […] October 6, 2022 2 min read AXA XL View all → → AXA XL Fostering Resilience: The Crucial Role of Trust in Your Insurance Partner With its vast expanse of nearly 10 million square kilometers (3.9 million square miles), Canada stands as the world’s second-largest country by land area. It boasts a multitude of diverse industries, each brimming with unique risks, spanning across every province and territory. From commercial banks in Ontario, to energy operations in Alberta and Quebec, to […] December 1, 2023 3 min read More content from AXA XL AXA XL Diverse risk management strategies are key to match Canada’s diverse economy Having spent the past few months traveling across the country to, at last, meet in person with our team and clients and brokers, I was amazed not just by the beauty of the landscape and the warmth of the people, but by the vast diversity of the Canadian economy. Aside from the captivating cultural experiences […] November 1, 2022 3 min read AXA XL Northern Exposure: even in hard times, the Canada insurance market is heating up For the global insurance industry, Canada offers a unique opportunity from a legal, regulatory, and economic perspective. AXA XL’s newest Country Manager for Canada talks about how the market is becoming a favourable frontier for growth and innovation. Climate, supply chain, cyber, political -– just a few of the emerging risks that many organizations […] August 16, 2021 5 min read AXA XL “Dark Clouds on the Horizon” The Impact of Nuclear Verdicts on Canadian liability insurance It is widely acknowledged that the United States has a more litigious environment than Canada. However, the rise of recent jury awards in the United States, dubbed “nuclear verdicts”, will have a greater impact on Canadian companies that operate in the United States. In the 5-year period from 2014 to 2018, the median value of […] June 8, 2020 4 min read CRU Group View all → → CRU Group HOW TO TALK TO YOUR CLIENTS ABOUT COMMERCIAL LOSS CONTROL As the frequency and ferocity of severe weather events continue to soar, so also must insurance conversations between underwriters, brokers and their clients increasingly become about risk mitigation – shifting the focus towards preventing and minimizing potential loss, say experts from loss adjusting firm CRU GROUP. “Whether it’s preparing for a natural catastrophe or daily […] October 2, 2023 4 min read More content from CRU Group CRU Group Why loss adjusters are key to claims service excellence In a post-pandemic hard market, where economic uncertainty mounts and severe weather losses continue to soar, the value of fast, efficient claims service has never been more important. “The frequency and ferocity of severe weather events will continue to increase and a hard property market is adding pressure on capacity,” says David Repinski, CEO of […] September 1, 2023 3 min read Aviva View all → → Aviva Under My Umbrella An overcoat and galoshes keep your body from the raindrops, but it’s the umbrella that keeps you from getting soaked. The same can be said of an umbrella insurance policy. It can keep your high net worth (HNW) clients from getting financially soaked. As with any insured, a HNW client will have separate policies for […] April 18, 2023 3 min read More content from Aviva Aviva Around the World With travel returning to pre-pandemic levels and Canadians starting to feel comfortable among others again, many of your high net worth (HNW) clients will be jet-setting once again. While an umbrella insurance policy will cover your client while they’re travelling internationally, you’ll want to ensure they schedule the items they’re bringing along. “It’s a good […] April 18, 2023 2 min read Aviva How Consumers Can Be in the Driver’s Seat When It Comes to their Auto Insurance With warmer weather, many of us are thinking of spending more time outdoors, and for some this includes taking a cross country road trip. We’ve noticed that driving activity has been returning to pre-pandemic levels, and with inflation and gas prices at their highest levels in decades, we know Canadians are looking for more ways […] June 1, 2022 3 min read Aviva Want to win the loyalty of HNW clients? Focus on these 3 things If you serve High Net Worth (HNW) clients, you don’t need to be told that serving this segment often requires a velvet touch. They are often aware of the value of their business and expect priority concierge type service. Here are three ways to make sure you’re fulfilling their expectations and building a long-lasting relationship. […] November 3, 2021 3 min read BOXX View all → → BOXX Being hacked shouldn’t keep your business clients awake at night Of the many things keeping your small business clients up at night, their cybersecurity should not be one of them. The frequency and severity of cyberattacks are rising, and small businesses are most vulnerable due to a lack of cybersecurity resources and insurance – in fact, Verizon’s 2022 Data Breach Investigations Report showed 43% of […] April 1, 2023 3 min read More content from BOXX BOXX Coverage for Common Threats to the Supply Chain Common Threats to the Supply Chain The past few years have felt like a lesson in supply chain fragility. We’ve seen how everything from minor inconveniences to significant disruptions can send the supply chain spiraling, causing product shortages, port congestion, imbalances in supply and demand, price hikes, and more. Because supply chain interruptions can have […] March 1, 2023 3 min read BOXX MADE IN CANADA… The largest city in Canada and Ontario’s capital is an international business centre for finance, business, arts, and culture and now has a thriving start-up tech sector and ‘insurtech’ is a fast-growing component. Not many know that Toronto has been ranked fourth in North America in CBRE’s Tech Talent Rankings trailing only the Bay Area, […] July 1, 2022 4 min read Canadian Broker Network View all → → Canadian Broker Network JOIN THE VOICE OF INDEPENDENT BROKERS In today’s marketplace, how does a broker remain independent and grow? Canadian Broker Network has the answer. From a looming recession to a prolonged hard market, and everything in between – brokers are battling a lot these days. It’s no surprise that many independent brokers are having to ask themselves whether they need to sell […] December 5, 2022 3 min read More content from Canadian Broker Network Canadian Broker Network Celebrating 20 years of independence From humble beginnings 20 years ago, to becoming Canada’s largest network of independent brokers today – with more than 100 offices, 2 000 employees and over $2 billion in property casualty premiums – Canadian Broker Network (CBN) has always had the success of the independent broker at heart. “Twenty years ago, staying competitive was challenging […] November 1, 2022 4 min read Canadian Broker Network Knowledgeable underwriting team is key to minimizing construction risk, losses With an overall increase of 48.2% in housing starts across Canada at the beginning of 2021 and a GDP of well over $154B, it’s no surprise that the construction sector continues to be a hot topic across the insurance industry. According to BuildForce Canada, which represents the country’s construction industry, there has been a 51.4% […] November 29, 2021 3 min read Canadian Broker Network You don’t have to sell to de-risk: Canadian Broker Network From consolidation to digitization, emerging risks to increasing customer expectations – there’s a lot of pressure on independent brokers to sell these days. Joining the Canadian Broker Network means you don’t have to sell to de-risk… As Canada emerges from a global pandemic, increased M&A activity and consolidation, accelerated digitization, emerging risks and ever-increasing customer […] September 13, 2021 4 min read Wawanesa View all → → Wawanesa Homeowner’s guide to a resilient roof Most people don’t think much about their roof until it needs to be replaced, either because of age or damage. And when they do, they usually default to traditional asphalt roof tiles. But a lot has changed over the years, with more resilient options that tie into the philosophy of building back better—which is increasingly […] November 1, 2022 3 min read More content from Wawanesa Wawanesa Working from home? Follow these cybersecurity best practices. The global pivot to remote work at the start of the pandemic sent organizations scrambling to set up work-from-home solutions to keep business moving along. While we’re much further along than those early days—and starting to move toward hybrid work arrangements—there are still a lot of security gaps in remote workforces. The evolving nature […] December 2, 2021 3 min read Trisura View all → → Trisura Trisura: A Values-based Approach Since its inception in 2006, Trisura has seen tremendous growth, not just in its product offerings, but also in terms of company size. With the first office headquartered in Toronto, the organization has branched out with locations across Canada, and most recently, in the U.S. as well. Why has Trisura seen such rapid growth? Human […] October 1, 2022 2 min read More content from Trisura Trisura Return to Business: Preparing and Updating a Business Cash Flow Plan To alleviate individual financial struggles due to COVID-19, the Federal government implemented the Canada Emergency Response Benefit (CERB) program. This initiative (currently in place until October 23, 2021) provides financial relief for eligible employers to cover a portion of their employees’ wages if their business was impacted directly by the pandemic. Now, as the country […] September 1, 2021 5 min read Trisura On the move – the future of Mobility in an ever-changing world Emerging technologies and the COVID-19 pandemic have propelled the need for carriers to develop new ways of insuring the future of transportation. COVID-19, in particular, has highlighted how transportation and mobility patterns can change in an instant. For example, as a result of social distancing policies and regulations arising from the pandemic, Canadians have been […] December 23, 2020 4 min read Trisura Drastic Times and Drastic Measures: Keeping Businesses Running during the Age of the Coronavirus The COVID-19 virus has had a tremendous global impact. Throughout the world we’ve witnessed international borders shutting down to visitors, businesses ceasing operations and a significant hit to the economy. Some businesses have managed to maintain operations through remote working arrangements and implementing safety precautions at the workplace for any individuals required to be present. […] December 14, 2020 3 min read HDI View all → → HDI How to help your clients risk manage prolonged supply chain struggles With experts predicting the pandemic-induced global supply chain crisis will continue for at least several months, if not as long as two years, it has become more important than ever to help your clients manage their exposures. “It continues to be a very challenging time for most businesses in Canada, many of whom are still […] April 5, 2022 3 min read Liberty Mutual View all → → Liberty Mutual Claims notifications spike, though not fueled by pandemic as once predicted: Liberty GTS report Though COVID-19 has fundamentally changed the M&A risk landscape, it has surprisingly not caused the spike in claims once predicted, new data from Liberty Global Transaction Solutions (GTS), the M&A insurance division of Liberty Mutual Insurance, suggests. While claims notifications rose 40% year-on-year and the speed of notifications increased, COVID-19 has not let to the […] November 15, 2021 3 min read More content from Liberty Mutual Liberty Mutual What brokers want from their carriers during the pandemic As COVID-19 changes the world, brokers need carriers that will change along with it. For brokers, successful carriers during and beyond the global pandemic will be the ones excelling at the three ‘As’ — accessibility, agility and authority (underwriting). And while this has always been the case, the crisis situation brought about by the global […] September 23, 2020 6 min read BDO View all → → BDO The top 5 questions you must ask about #IFRS17 IFRS 17, Insurance Contracts was published in May 2017 and is the most significant change to financial reporting for insurance companies in Canada in decades, not only in the measurement of insurance assets and liabilities, but in how insurance contracts are presented in financial statements. The new standard becomes effective on January 1, 2021. However, […] By BDO | April 4, 2018 2 min read
