Operations
Expect the quickening pace of mergers and acquisitions (M&A) activity to present a big challenge — or advantage — to brokers, Joseph Carnevale, president at Insurance Brokers Association of Ontario, said at the Young Brokers Conference. The Insurance Broker Association of Ontario is predicting a big year for M&A activity in 2022. Coupled with […]
By Alyssa DiSabatino | June 21, 2022
3 min read
HR
The COVID-19 pandemic created larger workloads and more stress for Canadian insurance brokers as they helped clients find the right coverage.
By Phil | June 20, 2022
Selling insurance to Millennials isn't as complicated as you may think.
By Phil | June 17, 2022
2 min read
Although making a car theft claim won’t yield higher premiums, repeated claims may make it difficult for an insured to hold onto their theft coverage, says one insurance expert. Not all auto insurance policies cover car theft, Matt Hands, director of insurance at RateHub says. “You can add optional coverages to your policy that would cover theft. […]
By Alyssa DiSabatino | June 16, 2022
Although public health indicators have seemingly stabilized and provinces are doing away with COVID-19 restrictions, clients aren’t all rushing to change their policies mid-stream, say brokers. In fact, many clients seem to be sticking to the policy changes they made during the pandemic. “We’re not seeing the rush for people to make the changes to […]
By Alyssa DiSabatino | June 14, 2022
Marsh McLennan, with a global market share of approximately 15.4%, was the biggest brokerage in the word last year, says a new report.
By David Gambrill | June 7, 2022
Small brokers face a David and Goliath style situation when large brokers come looking to buy them out.
By Phil | June 6, 2022
High inflation means commercial building owners need to look at their insurance coverage.
By Phil | June 3, 2022
Westland Insurance Group Ltd. has broadened its place in commercial and personal lines with the recent acquisition of two Ontario-based brokerages: MCR Insurance in Aurora and Walter Roberts Insurance in Richmond Hill. Ontario is an area of strategic importance, Westland stated in a press release Friday. “Each of these acquisitions adds significant depth and strength […]
By Alyssa DiSabatino | May 27, 2022
Over the past 20 years, a transition from traditional risk management approaches to enterprise risk management (ERM) helped Canada’s property and casualty insurance industry post stronger performance and financial health, compared with many other industries. A recent Insurance Institute study noted this strong performance included reporting of an underwriting profit for every year but one […]
By Phil | May 26, 2022
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