HR
Older investment advisors can stay on at their firms after they're purchased by P&C brokers so long as they have something to offer.
By Phil | November 4, 2022
3 min read
Operations
The best way to support young brokers who aspire to senior leadership or brokerage ownership roles is through mentorship and training, said respondents in a Canadian Underwriter online survey. However, owners and employees aren’t fully aligned on how effectively these opportunities are presented, according to responses from 222 brokerage employees.
By Alyssa DiSabatino | November 4, 2022
MONTREAL – An Indigenous Quebec man who was denied car insurance because he lived on a reserve was the victim of race discrimination, the province’s human rights commission concluded in a recent decision. Alexis Wawanoloath, a lawyer and ex-Parti Quebecois member of the legislature, told a news conference Thursday he welcomed the decision stemming from […]
Most employers don’t really understand what motivates their salespeople, which may cause their top producers to seek work elsewhere.
By David Gambrill | November 3, 2022
Companies that don’t employ, at the very least, a hybrid work option, can expect an increase in employee turnover. “And what that means is losing talented employees to other organizations,” said hybrid work expert Hassan Osman at the Insurance Brokers Association of Ontario (IBAO) Convention in Toronto. “During the pandemic, a lot of people have […]
By Alyssa DiSabatino | November 2, 2022
Insurance industry veteran Guy Lecours has been appointed chief operating officer of L’Unique and Unica, effective Nov. 21. Christian Fournier, executive vice president and lead of property and casualty insurance at Beneva, announced the appointment Wednesday. Lecours succeeds Yves Gagnon, who is retiring on Nov. 11 after 40 years in the industry. “I am delighted […]
By Jason Contant | November 2, 2022
2 min read
Collectivfide Insurance Group has closed the acquisition of majority stakes in two Ontario-based brokerages.
By Jason Contant | November 1, 2022
Market conditions remain complex but are stabilizing as the industry approaches its last quarter this year, Aon’s 2022 Canadian Insurance Market Report found. Increased competition, along with positive underwriting results and loss activity, marks a transition from significantly challenged market results toward profitable growth. Signs of growth or improvement are showing across commercial property, casualty, […]
By Alyssa DiSabatino | November 1, 2022
Personalized service is what consumers across Ontario most value in their relationships with P&C brokers, with broker expertise coming in second, found a market research expert speaking at the recent Insurance Brokers Association of Ontario (IBAO) Convention. On the other hand, brokers rank themselves highly for their personalized service and rates, said Erin Kelly, CEO […]
By Alyssa DiSabatino | October 31, 2022
4 min read
Tech
Ontario’s privacy commissioner calls for businesses to consider an insurance policy that covers costs of responding to a ransomware attack.
By David Gambrill | October 31, 2022
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