Legal / Regulation
Newfoundland and Labrador has become the second jurisdiction in Canada to approve the use of electronic proof of auto insurance (EPAI) for drivers in the province. The Superintendent of Insurance of Newfoundland and Labrador, Renee Dyer, announced the decision in a bulletin Monday. With this approval, drivers in the province can now present their EPAI […]
By Jason Contant | July 30, 2019
4 min read
Tech
Aviva Canada and venture capital company Highline Beta have joined forces to launch a road safety and smart city accelerator. Applications to the Safe × Connected Cities Accelerator were open to early-stage startup applicants beginning Wednesday, with a deadline of Sept. 27. Startups working in the Internet of Things, mobility, urban technology, road safety, pedestrian […]
By Jason Contant | July 25, 2019
2 min read
A Winnipeg-based provider of scalable digital solutions for the agricultural industry has launched what it calls the industry’s first insurtech platform combining field-level data, remote sensing, artificial intelligence-driven models and secure automation technology. The platform creates a “new digital connection between insurance providers and growers,” transforming traditional crop insurance to create a more streamlined, digital […]
By Jason Contant | July 24, 2019
Operations
Navacord, one of Canada’s largest commercial brokers, has joined global broking business Brokerslink as its latest affiliate in the North American region. Navacord trades under 15 different broker partner brands across Canada. Its unique ownership model is designed to support the entrepreneurial spirit of its partners while allowing the brokerages to maintain their own independence […]
By David Gambrill | July 23, 2019
Cancelled contracts. Price shoppers. Frustrated clients. Brokers are facing no shortage of challenges as the market gets tighter. Younger brokers are entering their first foray into a hard market. But even for those of a certain vintage, this one feels different. Caleb Maksymchuk, chief operating officer and partner at Ravenhill Agencies in Edmonton, has been […]
By Adam Malik | July 19, 2019
3 min read
If you haven’t been paying attention to your employees’ expense reports, you may want to take a closer look. A recent study has found that despite strict guidelines around expense reporting, a number of questionable items are still being submitted for reimbursement. It’s also happening with increasing regularity, chief financial officers across Canada told Robert […]
By Adam Malik | July 18, 2019
Growing your bottom line and developing a stronger bond with clients are just two reasons why brokerages need to ensure their online presence is strong, according to a recent study. Brokers also need to use every tool at their disposal in a hard market, making a digital presence even more critical for success. BDC, a […]
By Adam Malik | July 17, 2019
What’s the market like for medical marijuana insurance coverage? “The market has contracted and it’s just far more difficult now [because of] a smaller number of pools to draw from,” Eric Lock, a Kelowna, B.C.-based broker with AC&D Insurance, said in an interview Monday. “Rates have certainly gone up.” As an example, Lock said one […]
By Jason Contant | July 16, 2019
Several industries may fear the impact of new technology in the workplace, but at least one Canadian broker says insurance brokers have every reason to welcome it. Artificial intelligence, for example, would allow brokers to drop the mundane tasks that suck up much of their time, says Adam Veldpaus, technology industry leader at Cowan Insurance […]
By Adam Malik | July 15, 2019
Quebec’s largest independent insurance brokerage, Lussier Dale Parizeau (LDP), has merged with actuarial consulting firm Samson Consulting Group. Samson Consulting Group, based in Terrebonne, Que., offers employee benefits support services to medium and large companies, trade unions and professional associations. Its other fields of expertise include insurance and pension plans, corporate health and human resources […]
By Jason Contant | July 15, 2019
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