Operations
Large Quebec brokerage Lussier Dale Parizeau has acquired the assets of Petrela, Murray, LeBlanc Inc., another brokerage in the province. With the acquisition, Lussier Dale Parizeau now totals $475 million in premium volume, the brokerage said in a press release issued June 10. Lussier Dale Parizeau is Quebec’s largest insurance brokerage, with more than 850 […]
By Jason Contant | June 14, 2019
2 min read
Tech
OTTAWA – A committee of MPs who probed bus-passenger safety in Canada has decided not to call for seatbelts to be installed in Canadian school buses, urging further study instead. The House of Commons transportation committee launched an investigation into bus safety, including on school buses, following the deadly Humboldt Broncos crash in Saskatchewan last […]
By Greg Meckbach | June 13, 2019
3 min read
Want to place insurance that covers a client whose revenue suddenly plummets because of a disinformation campaign? This might be easier said than done, but one commercial insurer with a Canadian branch is hoping to change this. Right now, there is only very limited coverage for a scenario where a firm’s revenue drops significantly as […]
By Greg Meckbach | June 12, 2019
Finding ways to save money isn’t how you make meaningful change in your business. It’s about your people and altering the way they think and work in your company. For many industries – and insurance is no exception – that type of overhaul is difficult. Instead, there are those who think they’re transforming their business […]
By Adam Malik | June 12, 2019
HR
Network, build your brand, develop partnerships and squash procrastination – those are just some of the things young brokers need to do as they move up the ranks. With a room full of young brokers in front of them, expert panellists were asked to give them one piece of advice that would help in their […]
Legal / Regulation
Real, sustainable solutions are needed to curb what’s being called a “devastating” time for some brokers in Alberta. The Insurance Brokers Association of Alberta (IBAA) has put together a task force to come up with ways to resolve what the group is calling a crisis around auto insurance in the province. The task force, chaired […]
By Adam Malik | June 11, 2019
Companies looking to enhance their digital strategy should follow a four-step model to deliver a multi-experience rather than an omnichannel experience, Jason Wong, VP analyst at research and advisory firm Gartner, said recently. There are various definitions for omnichannel, but one is that it’s a type of retail that integrates “on the back end” different […]
By Jason Contant | June 11, 2019
Some brokers and carriers are spending too much time and effort dealing with incoming paper, a former auto underwriter says. While technology advancements mean more forms can be entered electronically through web and mobile apps, brokers nonetheless have data coming to them on snail mail and email attachments, suggested Jeff Hiegert, senior customer advisor for […]
By Greg Meckbach | June 10, 2019
Alberta-based brokerage Western Financial Group is continuing its strategic expansion into Ontario with its third brokerage acquisition in the province. High River, Alta-headquartered Western acquired EGM Insurance Group effective May 31, Western said in a press release last week. Based in the Ottawa Valley, EGM Insurance and its subsidiaries, MC Carroll Insurance Brokers and Johnston […]
By Jason Contant | June 10, 2019
With a hard market tightening its grip on the insurance industry, brokers will need to be on their toes. They’ll be facing pushback from customers as premiums increase with little relief in sight as there are no signs of the hard market letting up, said Donna Ince, senior vice president of personal insurance at RSA. […]
By Adam Malik | June 10, 2019
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