Operations
Globally, the P&C insurance market remains on the hard side, but there are signs of melting, based on the results of the latest Global Insurance Market Index released by Marsh. Global commercial insurance prices increased 13% in 2021 Q4, continuing a trend of moderating rate increases that began in 2021 Q1, Marsh reports. “While this […]
By David Gambrill | February 3, 2022
2 min read
Ontario auto insurance consumers would love the option to purchase a scaled-down auto insurance policy tailored to their individual needs and budgets, a speaker said at an industry event last week hosted by the Financial Services Regulatory Authority of Ontario (FSRA). “Insurers currently are not allowed to offer choice and optionality when it comes to […]
By Jason Contant | February 2, 2022
Principles-based regulation is the right system for private sector innovation, a speaker told an industry event last week. “If you imagine trying to deal with a highly innovative sector based on a very rules-based rigid, detailed system, I think it can be clear why that’s not going to work,” said Dr. Cristie Ford, a professor […]
By Jason Contant | February 1, 2022
3 min read
Lussier Dale Parizeau, Quebec’s largest brokerage, has unveiled its new corporate name. The firm will now be known as Lussier and will carry a new brand image, the brokerage announced in a press release Monday. “This change is consistent with the company’s desire to redefine itself and to have a renewed vision following the […]
By Alyssa DiSabatino | January 31, 2022
1 min read
In December, things were looking up. Despite rising COVID-19 infections from the upwardly-rampant omicron variant, many business sectors began to hopefully reopen as pandemic restrictions loosened and workers started coming back to the office part-time – a change from the now typical work-from-home arrangement. Cut to January, and Ontario has reintroduced restrictions and returned to a modified step […]
By Alyssa DiSabatino | January 20, 2022
Why brokers believe Usage-Based Insurance will survive well past the pandemic-induced uptake of the past two years
By David Gambrill | January 19, 2022
Laura Samaroo (pictured, above) is the new Canadian region leader for Willis Towers Watson PLC, the Dublin-based brokerage announced Tuesday. Samaroo is based in Vancouver. She had been Willis Towers Watson’s Western Canadian market leader and Canada co-leader until being appointed to her new role. Samaroo joined the Wyatt Company in 1991as an actuary. In […]
By Greg Meckbach | November 30, 2021
Adopting a hybrid work model makes sense for Willis Towers Watson Canada because the brokerage’s leaders learned it could trust employees who were working remotely. “We saw that during the pandemic, our productivity actually increased,” said Ofelia Isabel, managing director, Toronto market leader and Canada co-leader for Willis Towers Watson PLC, in an interview Wednesday. […]
By Greg Meckbach | November 12, 2021
Beneva plans to replace its La Capitale and SSQ direct-to-consumer brands but it’s business as usual, for the time being, for the broker-distributed Unica and L’Unique brands. “As of today both L’Unique and Unica are brands that exist in the market. There’s no change in their positioning or their offerings,” said Stéphane Morency, executive vice-president […]
By Greg Meckbach | November 11, 2021
Edmonton-based Foster Park Brokers Inc. has been acquired by New York City-based NFP Corp., the property and casualty insurance brokerages announced Tuesday. Foster Park places surety bonds, as well as P&C coverage for a variety of industries including oil and gas, manufacturing, public entity and technology, among others. In addition to its Edmonton office, Foster […]
By Greg Meckbach | November 9, 2021
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