Operations

How commercial brokers and carriers are dealing with the war for talent

Commercial brokerages are looking at non-traditional approaches, particularly around technology, to attract and build producer talent, speakers said Thursday at Insurance Bureau of Canada’s inaugural Commercial Insurance Symposium in Toronto. “We’re seeing some commercial brokerages put increasing emphasis on [non-traditional approaches] and getting more digital-savvy and plugging into different ecosystems than they traditionally would to […]

By Jason Contant | November 29, 2019

4 min read

What’s coming to the forefront of commercial insurance

How do you insure intangible assets like intellectual property or data on the cloud? If you are not thinking about this now, you could be in a few years, insurance company executives told brokers attending Canadian Underwriter‘s Top Broker Summit meeting in Toronto Monday. For many of the world’s largest companies, most of their assets […]

By Greg Meckbach | November 27, 2019

3 min read

Industry execs see no immediate end to the hard market

Don’t expect the pressure on prices to ease any time soon, brokers learned Monday at the Top Broker Summit in Toronto. “Unfortunately for customers I think it’s got a long run,” Carol Jardine, president of Canadian property and casualty Operations at Wawanesa Mutual Insurance Company, said Monday of the hard market. Many large insurers this […]

By Greg Meckbach | November 27, 2019

3 min read

Aggregators: friends of brokers or foes?

A comparison site wants to partner with brokers in Canada who are looking to generate leads, but the idea sparked a debate at a panel discussion at Canadian Underwriter‘s Top Broker Summit conference Monday. LowestRates.ca CEO Justin Thouin was making the case that aggregators may not necessarily be competing with Canadian brokers, but actually helping […]

By Greg Meckbach | November 27, 2019

4 min read