Operations

Is there culture after an acquisition?

A question posed at a recent event asked how many of the approximately 30 people in the room had ever been part of an acquisition or merger. Almost every hand went up. It seems just about every broker has been part of an acquisition or knows someone who went through it. It can be a […]

By Adam Malik | May 23, 2019

3 min read

New cyber insurance platform offers quotes using single piece of data

While online quote and bind systems have historically been cumbersome, one specialist insurer will soon offer a cyber insurance platform with single-question quoting capabilities. Using a single piece of client data, brokers will be able generate a cyber insurance quote tailored to their client’s unique risk profile, as well as coverage variations most commonly requested […]

By Jason Contant | May 23, 2019

3 min read

Being offline ‘is a huge red flag’

Finding a business is much simpler these days. Rather the fishing around for the yellow pages, dropping it with a loud thud on a desk and flipping through the pages, people opt for a much simpler approach – Google. Anyone in the market for a broker is likely opening the world’s biggest search engine and […]

By Adam Malik | May 22, 2019

2 min read

Brokers await regulations on bank fintech changes

As the federal government drafts regulations related to recent Bank Act amendments, the Insurance Brokers Association of Canada (IBAC) is confident that the fundamental aspects of their position have been upheld. Bill C-74, which received royal assent in June 2018, proposed amendments to the Bank Act to give banks additional powers regarding the ability to […]

By Jason Contant | May 17, 2019

3 min read