Tech
When a corporate client’s policy is up for renewal, it can take a lot of time and effort to get a claims run request, a Toronto commercial broker suggests. The commercial claims run is a report, on a client, showing data such as what claims have been reported, what claims are still open, what claims […]
By Greg Meckbach | November 7, 2019
4 min read
Insurers who replace underwriters with computers are rejecting a lot of small business applications for reasons that are unclear to the brokers, a commercial broker suggests. “I think that insurers will start to realize that the black boxes are actually kicking out a lot of business that maybe does have a few issues, but an […]
3 min read
Operations
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
HR
Your new CEO is just six months into the job. It’s time to start thinking about their exit strategy. Yes, that’s right. Good CEOs start planning for their succession as soon as their onboarding is complete. They should not wait more than half a year to do this, according to a recent blog posted on […]
By Jason Contant | November 5, 2019
BrokerLink has acquired Newmarket, Ont.-based Buckley Insurance Brokers Ltd., which places home, auto and commercial insurance. Buckley notified its customers Friday by email that it is now part of BrokerLink, which is owned by Intact Financial Corp., owner of Canada’s largest property and casualty insurer. “Robert Buckley and his team of insurance professionals will continue […]
By Greg Meckbach | November 4, 2019
1 min read
Be like Amazon, experts tell the P&C industry. But is it realistic for brokers and insurers to mimic the retailing giant’s online sales model?
November 4, 2019
6 min read
Helping homeowners assess flood risk is great way for brokers to increase the value they provide clients – and it’s easy for them to do so, a climate expert says. All it takes is walking the client through potential hotspots, both inside and around the exterior of the home, and showing where preventive action can […]
By Adam Malik | November 1, 2019
Imagine if each insurance company set up its own courier service to compete with Canada Post, instead of having a common carrier for the industry. Joseph Carnevale conjures up this scenario to illustrate why it’s a bad idea for every insurer to have its own method of delivering data to brokers electronically. “I don’t think […]
By Greg Meckbach | November 1, 2019
For Alberta brokerages, the ability to use a Chartered Insurance Professional (CIP) designation won’t necessarily make it easier for brokers to get licensed, but it will probably provide a better learning experience, officials with the Insurance Institute of Canada suggest. The Alberta General Insurance Council recently approved several Insurance Institute of Canada courses as equivalency […]
By Greg Meckbach | October 30, 2019
All the talk in the White House these days about “whistleblowers” and “no quid pro quo” echoed in the discussions about ethics last Thursday between Canadian insurers and their brokers at the 2019 Insurance Brokers Association of Ontario (IBAO) Convention. Cyprian Kebbianyor, director of compliance and chief privacy officer at Traveler’s Canada, highlighted the importance […]
By David Gambrill | October 29, 2019
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