Operations
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
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
HR
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
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
Two brokerages in Ontario have combined forces to help fund an online platform that provides support and resources to the autism community. Ancaster, Ont.-based Dalton Timmis and Toronto-based RRJ Insurance won the Aviva Community Fund’s (ACF) top ranked broker-supported idea on Nov. 20. A $5,000 prize goes to Autism Speaks Canada (ASC), based on the […]
By Jason Contant | November 20, 2018
A recent report from commercial brokerage Willis Towers Watson has confirmed what Canada’s largest insurer is saying: the commercial insurance market is showing signs of firming as casualty losses mount. “The seemingly ‘stealth’ firming within the casualty market comes as many observers have been focused on the property market, given the record natural catastrophe losses […]
By Jason Contant | November 13, 2018
Global insurance brokerage Hub International announced this week it has acquired the assets of two western-Canadian brokerages. Hub acquired on Wednesday the assets of Tri-Line Agencies Inc., a full-service, independent brokerage headquartered in Rose Valley, Sask. Tri-Line Agencies offers personal and commercial insurance solutions, and specializes in government automobile and farming solutions. Eugene Danko, the […]
By Jason Contant | November 9, 2018
The holy grail for brokers, of having their computers talk directly to carriers’ computers, is “going to happen,” an InsurTechTO speaker suggested Wednesday. “The big area of inefficiency is still duplicate entry,” Michael Loeters, senior vice president of commercial insurance at Prolink Insurance Inc., said Wednesday during an InsurTechTO panel in Toronto. Loeters was referring […]
By Greg Meckbach | November 8, 2018
Effective Nov. 1, commercial brokerage Navacord Corp. continued to expand its construction practice with the addition of Westmount Guarantee Services Inc. as a broker partner. Founded in 2011, Markham, Ont.-based Westmount Guarantee provides Tarion bonds (developers’ surety), condominium deposit insurance and surety products for residential projects across Ontario. Devoted exclusively to the condominium market, its […]
By Jason Contant | November 5, 2018
Who are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick your favourites for the Peer-to-Peer Awards. _________________________________________________ Andrew Coburn CEO Coburn Insurance Mount Forest, Ont. […]
By Ian Portsmouth | November 5, 2018
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