Legal / Regulation
Two years into Alberta’s new direct compensation for property damage (DCPD) regime, regulators are still clearing up misunderstandings about when and how coverage gets triggered, regulators said at the Insurance Brokers Association of Alberta Convention 2024 in Banff last week. But in the middle of the discussion with the regulators about DCPD, the brokers in […]
By Alyssa DiSabatino | May 14, 2024
4 min read
Operations
Intact Financial Corporation subsidiary BrokerLink has acquired three new brokerages, bringing its acquisitions year-to-date to seven.
By Jason Contant | May 13, 2024
2 min read
Whatever auto reforms come of the Alberta Government’s push to lower auto premiums in the province, one thing is for sure — they’re acting fast. The industry can expect to see changes to the Insurance Act as early as fall 2024 — with even more on the way — two Alberta regulators said during […]
By Alyssa DiSabatino | May 10, 2024
As government hashes out its auto insurance reform options, Alberta brokers have to diversify their lines of business.
By Alyssa DiSabatino | May 9, 2024
3 min read
Managing the needs of thousands of P&C insurance clients requires some high-tech assistance, say respondents to a National Broker Survey.
By Phil | May 8, 2024
Navacord has doubled the size of its travel insurance portfolio with the recent acquisition of SécuriGlobe assurance voyage.
By David Gambrill | May 8, 2024
Talent acquisition is the Top broker concern for 2024, but a cluster of other industry conundrums also keep Canada’s brokers counting sheep
By Phil | May 3, 2024
Tech
Though insurtech funding dipped below $1 billion, AI-centered and distribution-focused insurtechs are getting the lion’s share of deals.
By Alyssa DiSabatino | May 2, 2024
Editor’s Note: This story has been updated to include comments from Insurance Brokers Association of Alberta. Canada’s national insurer association has expressed deep concern about an Alberta government-commissioned Oliver Wyman report, which touts public auto insurance as the reform option leading to the lowest premiums for Albertans. One expert says the Oliver Wyman […]
By Alyssa DiSabatino | May 1, 2024
5 min read
Following M&A activity, make sure your brokers have the proper licenses to serve the out-of-province insurance needs of any new clients.
By David Gambrill | May 1, 2024
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