Operations
Canadians are becoming increasingly interested in getting an electric vehicle (EV) for their next purchase on one hand, but consumers also seem concerned about the cost of insuring electric vehicles, according to data from rate comparison site My Choice. Seventy-seven per cent of respondents in British Columbia and 74% in Ontario would consider buying an EV the next […]
By Alyssa DiSabatino | July 28, 2022
2 min read
Global recession can change the way your clients do business, innovation that may lead to the next big insurance sales growth opportunities.
By David Gambrill | July 28, 2022
3 min read
Last year was generally the most favourable for Canada’s insurers in a while – since 2006 as a matter of fact – with the industry’s return on equity (ROE) coming in at a solid 17.2% (against 11.2% in 2020). ROE for Canada’s P&C industry has surpassed 12% only twice between 2006 and 2019 (both in […]
By Phil | July 28, 2022
Specialization is one way insurance brokerages in Canada can remain independent, but it might not work if the market hardens again.
By Phil | July 27, 2022
Men and young people aged 18-34 are more likely than women and those aged 55+ to engage in road rage behaviours, finds a recent Ratesdotca survey. Although men and women claim to engage in road rage equally (51% respectively), men are more likely than women to engage obscene gesturing (17% versus 12%), rolling down the […]
By Alyssa DiSabatino | July 26, 2022
A high rate of mergers and acquisitions for Canadian insurance brokerages means brokers need to get creative about staying independent
By Phil | July 25, 2022
Facility Association (FA) is launching a video-enabled telematics program for Ontario taxi drivers, and it may see participants earn their way back to the standard market. The program, effective Dec. 1, 2022, is meant to help drivers improve their driving and correct bad habits. “Enrollment in the telematics program would qualify participants to an incentive […]
By Alyssa DiSabatino | July 22, 2022
Farmers across Canada are being buffeted by a mix of drought conditions and hail damage in June and July, but insurers may be able to increase farmers’ risk management through drought and hail outlooks, experts explain. Southern Ontario farmers are experiencing abnormally dry conditions, while farmers in southern parts of Saskatchewan and Alberta are […]
By Alyssa DiSabatino | July 20, 2022
HR
The Canadian Association of Black Insurance Professionals is looking to empower and bridge the gap of opportunities for Black insurance professionals. “The mission was derived collectively from our own lived experience growing up in this industry,” says co-founder Dionne Bowers. “What we may not have had in the industry when we first started out, […]
By Alyssa DiSabatino | July 14, 2022
Massive flight delays and cancellations will result in a hard market and unprofitability for travel insurers, predicts DBRS Morningstar.
By Alyssa DiSabatino | July 13, 2022
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