Operations
In today’s day and age, a brokerage definitely needs an online quoting platform to stay ahead of the pack, right? Not according to Whitby, Ont.-based Mitchell & Whale Insurance Brokers. The brokerage ran an online auto insurance quoting engine for five years beginning in late 2012 (which saw about 619,000 visitors), but stopped using it […]
By Jason Contant | August 27, 2019
3 min read
Westland Insurance Group has announced a major acquisition, fresh off changes to its executive leadership that saw a new president and chief operating officer take the helm of the brokerage. Westland is set to acquire First West Insurance Services, a subsidiary of First West Credit Union, effective Sept. 30. The announcement by Westland came a […]
By Jason Contant | August 26, 2019
2 min read
Tech
Vehicle makers continue to add autonomous features but not everyone thinks that fully self-driving cars are coming any time soon. “I don’t buy into the autonomous vehicle thing. That is decades away, quite frankly,” Steve Smith, president and chief executive officer of Farm Mutual Re, said Thursday of fully autonomous vehicles. “I have a hunt […]
By Greg Meckbach | August 23, 2019
Do your commercial clients have a strict policy of not calling employees while they are driving? Many drivers who are distracted are actually workers who are travelling on behalf of their employers during the day, Ontario Provincial Police Sergeant Gord Keen told insurance professionals Thursday. What this means for commercial insurance clients is that company […]
HR
One of Canada’s largest independent property and casualty insurance brokerages has announced changes to its executive leadership, effective Sept. 1. Jamie Lyons has been appointed to the role of president and chief operating officer for Westland Insurance Group Ltd., the brokerage said in a press release issued last week. Lyons most recently served as executive […]
By Jason Contant | August 22, 2019
Quebec brokerage Lussier Dale Parizeau (LDP) has announced the appointment of Michel Laurin as president and chief operating officer, effective Sept. 9. Laurin has held executive positions and worked with major companies in the insurance and financial services sectors for nearly 35 years. For the past 17 years, he has worked for Industrial Alliance as […]
Vehicle technology is designed to reduce crashes – or at least, the severity – but insurance brokers shouldn’t expect to be able to offer their clients any relief when it comes to their premiums. That’s because all the technology going into new vehicles to keep people safe is driving up the cost of repair. How […]
By Adam Malik | August 21, 2019
What are the trends in brokerage commissions in the Canadian P&C insurance space? Brokerage compensation arrangements have definitely tightened, with average producer compensation closer to 33% to 35%, plus benefits, a P&C transaction advisor told Canadian Underwriter Tuesday. “This might translate to a 50% commission rate on new business and 30% on renewal,” said Mike […]
By Jason Contant | August 21, 2019
The reaction by insurers to the 5% rate cap on Alberta auto insurance is one reason Surex.com Ltd. is aggressively expanding in Ontario. “We have doubled down on Ontario because of the market out west,” said Matt Alston, co-founder and chief operating officer of Magrath, Alta.-based surex.com, in a recent interview. In 2017, the Alberta […]
By Greg Meckbach | August 20, 2019
If your client has a formal process to disable computer network access for employees and contractors who no longer work there, that client’s cybersecurity is better in at least one respect than some of British Columbia government departments. The province’s Office of the Auditor General recently audited five government departments on how well they follow […]
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