Insurance & Risk, Analysis, Events and Careers
Many in the P&C industry plan to return to work in-person, so companies may want to consider ways to incentivize their employees to return to their offices, suggests a panellist at the Insurance Institute of Canada’s Pivot with Purpose webinar. “[It’s] about creating opportunities,” says Trevor Buttrum, director of operations at TalentEgg. “What incentivized […]
By Alyssa DiSabatino | April 27, 2022
2 min read
With growing calls for diversity and a shortage of fresh talent, the P&C industry has made some progress by adding more diverse talent to its roster, but industry experts say more can be done to make it truly diverse. Representation, in particular, is one area where the industry has room for improvement, says the Canadian […]
By Alyssa DiSabatino | April 26, 2022
3 min read
Although the industry achieved a highwater mark financial result in 2021, industry executives are cautioning insurers to keep their powder dry and not reduce pricing drastically to grow market share. “I just look through the windscreen, all the things coming at us as we’re driving forward,” Andrew Steen, president of Berkley Canada commented at the […]
By David Gambrill | April 25, 2022
3 min read
Prioritizing environmental, social, and governance (ESG) issues is part of a company’s long-term competitive success, and panellists in a recent webinar shared examples of why. For example, companies that focus on ESG — and social responsibility in particular — find themselves making better profits. “From a business standpoint, it actually does have influence […]
By Alyssa DiSabatino | April 22, 2022
3 min read
Karim Chandani is Hub International’s cross-border practice leader for its hospitality specialty. Chandani previously held a role at Hub as vice-president of hospitality from 2019 to 2022. He has nearly 10 years’ experience in Hub’s hospitality and real estate specialties, working with hoteliers, retirement homes and real estate owners, along with large manufacturers. […]
By Alyssa DiSabatino | April 21, 2022
2 min read
About one-quarter of brokers say they are either likely or highly likely to leave the industry in the next three years, according to Canadian Underwriter’s National Broker Survey. One way to encourage brokers to stay would be to expand employee benefits and automate mental health tools, an insurance design agency says. Cake & Arrow’s recent […]
By Alyssa DiSabatino | April 19, 2022
3 min read
On top of selling insurance, brokers are also tasked with managing client relationships. But what happens when a client doesn’t mesh with their broker? “Sometimes it just doesn’t work out,” says Jack Mazakian, vice president of Advocis Broker Services. “You’re definitely capable of saying to a client, ‘We cannot serve you anymore,’ for whatever reason. […]
By Alyssa DiSabatino | April 13, 2022
3 min read
Millennial consumers are about twice as likely to buy insurance online, so the industry needs to make some major tech innovations to keep up with these changing expectations. More than that, communication between brokers and customers need to take a different form, says a young Sudbury, Ont., broker. “Buying policies or servicing policies online is […]
By Alyssa DiSabatino | April 12, 2022
3 min read
Canada likes to see itself as a leader in the areas of diversity, equity and inclusion (DEI). And while it may be ahead of certain countries, some Canadian brokerage industry employees said they have faced various forms of workplace discrimination. A late 2021 Canadian Underwriter online survey, made possible with the support of Sovereign Insurance, […]
By Phil | April 8, 2022
2 min read
Although 30% of commercial lines clients say they want to hear more from their broker about emerging threats to their business, there may be dissonance between their words and their actions, say broker experts. Commercial lines consumers in Canadian Underwriter‘s 2021 Trusted Advisor Survey say they are seeking emerging risk advice, but P&C brokers […]
By Alyssa DiSabatino | April 7, 2022
3 min read