Operations

Regulator to study incentive programs as part of “fair treatment” education mandate

More communication is needed to inform the broker community about fair treatment of customers (FTC) guidance, since there may be a disconnect or lack of awareness of the topic, the Canadian Council of Insurance Regulators (CCIR) reported recently. In particular, the regulator is focusing on incentive programs that brokerages or carriers may use to boost […]

By Jason Contant | November 13, 2019

3 min read

How many Canadian employee benefits firms has Hub acquired?

Hub International has acquired another Canadian employee benefits firm as part of its continuing strategy to expand its offerings in this area, bringing the total number of acquired firms to about two dozen over the past two years. So far this year, Chicago-based Hub has bought about a dozen Canadian employee benefits firms as well […]

By Jason Contant | November 8, 2019

2 min read

Why this broker regulator is keeping an eye on the hard market

Ontario’s broker regulator has the current hard market conditions on its radar screen, scrutinizing what’s happening between brokers and their carrier partners through the lens of consumer fairness. Scott Bell, outgoing president of Registered Insurance Brokers of Ontario (RIBO), made a pointed reference to the hard market during his address at the regulator’s annual general […]

By David Gambrill | November 8, 2019

3 min read

The pros and cons of consolidation in the tech vendor space

When there is consolidation in the industry, concerns about the erosion of choice is common. And the tech vendor space is no different. On Oct. 15, Applied Systems announced the acquisition of Policy Works, a major platform for commercial lines business in Canada. About six months prior, the vendor acquired TechCanary, a cloud-based insurance customer […]

By Jason Contant | November 7, 2019

3 min read