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Brokers who are members of the Canadian Federation of Independent Business can be matched with small businesses requesting quotes for property and liability coverage, Northbridge Insurance suggested Friday. A recently-announced partnership between Northbridge and CFIB “connects participating brokers with prospective customers through our digital lead generation platform,” a Northbridge spokesperson told Canadian Underwriter Friday. “Once […]
By Canadian Underwriter | November 10, 2017
2 min read
Experienced brokers should act as mentors to young workers entering the profession and local affiliates of the Insurance Brokers Association of Ontario need to have programs to help recruit high school and post-secondary students into the business, IBAO president-elect Brian Purcell suggested Thursday. “In our industry, we have many young brokers with a fresh outlook […]
By Jason Contant | October 27, 2017
Manitoba Public Insurance (MPI) has opened a new, state-of-the-art centre for automotive research and training to keep pace with “rapid changes in the design, construction, technology and reparability of motor vehicles,” provincial Minister of Crown Services Cliff Cullen announced on Tuesday. The new research and training centre – located in the J.W. Zacharias Physical Damage […]
By Canadian Underwriter | October 17, 2017
The insurance policy renewal process is both inefficient and cumbersome and needs to be fixed, speakers suggested on Monday at the National Insurance Conference of Canada (NICC) in Quebec City. “It’s a total disaster; it’s not working at all,” charged Franck Baron, chairman of the Singapore-based Pan Asia Risk & Insurance Management Association (PARIMA) during […]
By Jason Contant | October 4, 2017
3 min read
Canadian consumers still “value the trusted advisor model” when buying insurance but there will soon be a “flipping” of brokers’ compensation model on commercial lines, whereby brokers will tend to earn more of their money on the consultative services, senior industry executives suggested Wednesday. “The value of the transaction, while it’s important, and it’s expected […]
By Jason Contant | September 28, 2017
4 min read
Mississauga, Ont.-based Unica Insurance announced on Wednesday that Dave Smiley has been appointed president and chief operating officer of the company. Smiley previously held the position of vice president of operations for Unica since 2009. He brings with him almost 30 years of extensive insurance experience spanning underwriting (personal and commercial lines), business development and […]
By Canadian Underwriter | September 27, 2017
RIMS Ontario Chapter (ORIMS) has presented the Donald M. Stuart Award to Tony Lackey, director of risk and insurance services for Carleton University in Ottawa. Lackey was presented the award at the RIMS Canada Conference, RIMS said in a press release on Monday. The award has been bestowed annually since 1979 by ORIMS to celebrate […]
By Canadian Underwriter | September 26, 2017
American International Group, Inc. (AIG) announced on Monday that it will transition to General Insurance and Life & Retirement segments, as well as a new “standalone, technology-enabled platform.” AIG said in a statement that it is planning to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments and […]
By Canadian Underwriter | September 25, 2017
While large financial institutions have made progress applying smart technologies like cloud, biometrics and big data analytics to their risk management functions, two-thirds (66%) of executives say skills deficiencies are impeding the effectiveness of the function as these technologies evolve, a new study from Accenture has found. The Accenture 2017 Global Risk Management Study, released […]
By Canadian Underwriter | September 20, 2017
Hub International Limited announced on Friday that is has acquired P&C brokerage Integro (Canada) Ltd. Terms of the acquisition were not disclosed, Hub noted in a press release. With offices in British Columbia, Ontario and Quebec, Integro Canada is a commercial property & casualty brokerage specializing in complex risks, including construction, transportation, professional services, manufacturing, […]
By Canadian Underwriter | September 8, 2017
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