Operations

What carriers want from this insurtech brokerage

Some insurers are looking for brokers who can help them use big data to customize products for small businesses, an insurtech founder suggests. “Big data is a loose term,” Mark Morissette, founder and CEO of Foxquilt said Tuesday in an interview. Specifically, he said insurers want to know of insurtechs: “How are you finding that […]

By Greg Meckbach | November 27, 2018

3 min read

Minimum data set for commercial lines finalized

The Centre for Study of Insurance Operations (CSIO) has finalized the minimum data set for CSIO XML standards in commercial lines, paving the way for implementation of commercial data standards in the broker channel. The minimum data set comprises of nine sections of data elements commonly used by carriers to underwrite commercial risks, regardless of […]

By Jason Contant | November 24, 2018

2 min read

The science behind motivating your brokerage’s employees

Looking to truly motivate the employees at your brokerage? Don’t focus on financial incentives; try giving them the opportunity to be really good at their jobs, have a say in their work and do work that is meaningful, advises Bruce Rabik, chief operating officer at Alberta-based Rogers Insurance. Rabik is in the unique position of […]

By Jason Contant | November 22, 2018

3 min read

Quebec broker regulator gets new CEO

The regulator of Quebec’s property and casualty insurance brokers will have a new chief executive officer next week. Anne-Marie Poitras is CEO of Chambre de l’assurance de dommages (ChAD) effective Nov. 29, ChAD announced Wednesday. A former broker and claims adjuster, Poitras was vice president of governance and compliance at Desjardins Capital until recently. Her family […]

By Greg Meckbach | November 21, 2018

1 min read