Operations
One question top of mind for brokers and their clients is: Will this remote work environment be something that we’ll see for the long term? Maybe not entirely, but there are parts we can take to make the broker world better than it was before. A few months ago, the walls came down and across […]
By Adam Malik | June 17, 2020
4 min read
As pandemic restrictions start to loosen and campgrounds open for the summer, brokers might want to ask home and auto customers if they own trailers. “It’s up to the broker to find out what type of trailer a customer owns, and then they can best determine whether it should be insured on an auto or […]
By Greg Meckbach | June 16, 2020
2 min read
Saskatoon Insurance Agencies, which places home, auto, commercial and farm coverage, has been acquired by Andrew Agencies Ltd. effective June 1. Based in the Manitoba community of Virden, about 80 kilometres west of Brandon, Andrew now has 20 offices in Alberta, Saskatchewan and Manitoba. That includes the two Saskatoon locations for Saskatoon Insurance Agencies, which […]
The COVID-19 pandemic has pushed broker to be more than just advisors of insurance coverage — they’re offering broader financial guidance and services to their clients. Meanwhile, the economic recession resulting from the pandemic shifted the carriers’ focus towards “operational cadence,” meaning that the insurers’s role became one of managing the underlying conditions in the […]
By Adam Malik | June 16, 2020
TORONTO – The Ontario government is putting a temporary ban on commercial evictions to help small business owners who are struggling to pay their rent amid the COVID-19 fallout. Premier Doug Ford says the moratorium applies to small businesses who qualify for the Canada Emergency Commercial Rent Assistance program, where their revenues have dropped at […]
By Greg Meckbach | June 8, 2020
Global insurance accounts of all sizes and in all lines were hit by premium pricing increases in 2020 Q1, including increases in some areas that haven’t been seen in nearly 20 years, a new survey has found. Premiums for all accounts spiked by an average of 9.6% during the first three months of the year, […]
By Adam Malik | June 4, 2020
The Insurance Brokers Association of Canada (IBAC)’s annual general meeting, originally scheduled this September in New Brunswick, will not be conducted in person. “We all know that we are in the throes of a global pandemic that hasn’t been experienced in over a century and may never be experienced in many of our lifetimes again,” […]
By Greg Meckbach | June 4, 2020
Many insurance professionals in the Canadian property and casualty insurance industry are taking a long-term view of the global novel coronavirus pandemic, seeing a world beyond the point at which a vaccine is developed and the virus no longer presents a major health threat. As many have noted, the industry reacted quickly when the novel […]
By David Gambrill | June 2, 2020
Your clients are putting themselves at greater risk if they’re relying on general liability instead of proper errors and omissions coverage to guard against any issues that may arise. The responsibility falls to brokers to ensure their clients have the right covers. A number of clients might think having a general liability cover is all […]
By Adam Malik | June 1, 2020
3 min read
It’s often been said that insurance is a “people business,” but establishing and maintaining personal relationships is challenged by social distancing requirements to prevent the spread of a global pandemic. Certain professional roles within the industry are perhaps more suited than others to working remotely. But what about roles within an organization that rely on […]
By David Gambrill | May 29, 2020
1 min read
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