Operations

Hard market shows signs of thawing

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

Why don’t Ontario auto insurance clients have more choice?

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

2 min read

FSRA’s case for principles-based regulation

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

Large Quebec brokerage rebrands itself

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