Operations

Former broker penalized for misappropriation scheme

A former broker in British Columbia is banned from applying for a licence for three years after the provincial regulator found he misappropriated funds received on behalf of an insurer for his own personal benefit. Vladimir Prokopchik had been licensed as a Level 1 general insurance salesperson since December 2015. His licence with the Insurance […]

By Jason Contant | October 1, 2019

3 min read

Managing insurtech temptation

It can be enticing to jump on board as soon as you hear about the latest and greatest doodad to help your business. But getting distracted by the promises of every insurtech option is something one broker tries to avoid. Instead, Joanna Mendonca prefers the wait-and-see approach. “I think we guard against what we would […]

By Adam Malik | September 30, 2019

3 min read

Brokers leaving a lot of SME cyber business on the table: Leger poll

Brokers need to do a better job of securing cyber insurance coverage for their small and medium-sized business (SME) clients, the results of a new nationwide poll conducted by Leger show. “In the last three years, has your insurance professional spoken to you about cyber insurance for your business?” asked the Insurance Bureau of Canada-commissioned […]

By Jason Contant | September 27, 2019

3 min read

What risk managers want from their brokers

As the market transforms, risk managers are looking for their brokers to keep them up to speed on market dynamics and why they are happening, a panel discussion said. Times are more challenging for everyone in the insurance industry, which means brokers need to ensure clients are not left in the dark, said Aon Canada’s […]

By Adam Malik | September 26, 2019

3 min read