Operations
How will the deal between Aon and Willis Towers Watson affect brokers in Canada?
May 7, 2020
3 min read
How the brokers’ pandemic response accelerated their conversion to digital, thereby enhancing their value to consumers
Now that many insurance professionals have been successful working from home, plenty of technologies they are using now are expected to stick around even after the COVID-19 pandemic subsides, according to a number of P&C experts. “The tools we’re using today are going to benefit us for years to come. That’s kind of one of […]
By Adam Malik | May 6, 2020
There’s no rush to return to the office for many brokers, but that doesn’t mean there isn’t a lot to think about before heading in. While Quebec announced it will start to end its “pause” on the economy — though Montreal area businesses will wait until May 18, one week longer than the rest of […]
By Adam Malik | May 5, 2020
Canadian brokers are now turning their minds towards returning back to the office safely while the novel coronavirus pandemic is still underway and a vaccine has yet to be developed. Brokerages across Canada will need to be aware of what is happening in the provinces in which they are doing business, industry analysts say. The […]
By David Gambrill | May 4, 2020
4 min read
In a hard market dominated by large players, small and mid-sized commercial brokerages face an existential choice: Specialize — or risk extinction.
May 3, 2020
6 min read
COVID-19 has highlighted the concerns associated with clustering suppliers in one region, such as China. Supply chain risk is one area of insurance that will see changes in the post-pandemic world, according to Tracy McLean, senior vice president of global logistics insurance at brokerage NFP. For example, the pandemic really brought to light for supply […]
By Jason Contant | May 1, 2020
Tech
Commercial clients are vulnerable to hidden risks when they have large numbers of people suddenly working remotely or from home in a disaster, as we are seeing in the pandemic, experts told brokers listening in to Canadian Underwriter’s latest webinar. “I think we have seen unexpected, hidden cyber risks emerge since this new way of […]
By Greg Meckbach | May 1, 2020
Brokerages need to make sure they’re investing in technology that benefits the brokerage as a whole rather than promoting a silo-type of environment, Steve Whitelaw, vice president of industry and partner relations at Applied Systems, cautioned in a webinar recently. Otherwise, cracks in business continuity may be exposed in a pandemic situation like now, when […]
By Adam Malik | April 30, 2020
Aon Canada employees will see their salaries reduced as part of an effort to ensure that no one at the company is laid off as a result of the economic upheaval created by the COVID-19 pandemic. The brokerage provided Canadian Underwriter with a copy of global CEO Greg Case’s Apr. 27 letter to employees outlining […]
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