Insurtech and digital brokerage YouSet has launched what it calls a first-of-its-kind offering — the ability to bundle home and auto policies from different insurers. Most insurance providers focus on offering bundled home and auto policies with the same insurer, and offer multiple-lines discounts to customers. But sometimes, issuing two different policies from two different […]
By Jason Contant | August 20, 2024
3 min read
Navacord brokerage Jones DesLauriers Insurance Management Inc. has appointed Imran Pira as managing partner, head of complex risk. The appointment coincides with the launch of Jone DesLauriers’ complex risk division, which Pira will lead, effective Aug. 19. Prior to this role, Pira was NFP’s senior vice president and head of management, cyber and professional […]
By Alyssa DiSabatino | August 19, 2024
1 min read
Westland Insurance has acquired Alberta-based F.A. Smith Insurance Service Ltd. effective Aug. 1. This latest acquisition will take Westland into “three new communities,” the brokerage consolidator said in a release. “[F.A. Smith’s] community focus, along with their commitment to providing exceptional client experiences, with tailored risk management solutions, made a partnership with Westland […]
By Alyssa DiSabatino | August 9, 2024
1 min read
Ontario brokerage KRGinsure has acquired Ajax, Ont.-based Jones-Dooley Insurance Brokers Ltd. RRJ Insurance Group Limited, operating as [o/a] KRGinsure, announced the deal at the end of July. Jones-Dooley Insurance has been offering home, auto and commercial insurance to Ajax and the surrounding areas since 1985. “Due to many changes in the insurance industry, the ever-growing […]
By Jason Contant | August 1, 2024
2 min read
Insurance tech vendor Applied Systems has acquired Planck, an artificial intelligence (AI) company for commercial insurance. The strategic acquisition will “significantly expand and accelerate the delivery of AI capabilities across Applied’s global product portfolio,” Applied said in a press release announcing the deal last week. As one of the world’s largest providers of agency and […]
By Jason Contant | July 30, 2024
3 min read
Home and auto rates remain on their upward trajectory, Applied’s Rating Index for Q2 2024 shows. “Both personal property and personal auto are experiencing increases year-over-year and quarter-over-quarter, signifying continued hardening in the market,” Steve Whitelaw, senior vice president and general manager at Applied Systems says in a release. The index is based […]
By Alyssa DiSabatino | July 26, 2024
2 min read
A B.C. broker inexperienced in commercial lines received a reprimand from the province’s broker regulator last week for failing to provide information to a client about D&O coverage. Had the broker passed along information about a managing general agent (MGA)’s employment practice liability (EPL) offering, the client company would have been covered for legal expenses […]
By David Gambrill | July 25, 2024
3 min read
Brokers are the front-line defenders for insurers covering commercial trucking. Especially since some fleet owners may attempt to insure only the trucks in use, while not reporting those sitting on lots and not being driven. “Some guys will say, ‘No, I don’t have that many trucks,’ and they’ll incorrectly report their fleet size. That does […]
By Phil | July 24, 2024
3 min read
Everyone wants to be at the top of the leaderboard — Olympians, gamers and insurance brokers. That’s why gamifying the sales process could help incentivize brokerages and develop salespeople who are driven by numbers. Such an outcome is being seen by Sutherland Insurance following its development of a visual dashboard, which aggregates the brokerage’s production […]
By Alyssa DiSabatino | July 24, 2024
3 min read
Zac Sutherland transformed his fifth-generation brokerage’s sales outputs and strengthened his insurer partner relationships using one tool — data. Sutherland, who’s president at Sutherland Insurance, found that pulling production reports from his BMS often didn’t provide the data on the brokerage’s macro trends that he needed to manage his operations effectively. “How do you […]
By Alyssa DiSabatino | July 23, 2024
3 min read