Industry
Rumors are awash in the political corridors of Ottawa that the ruling Liberal federal government is set to call an early general election, presumably riding on the recent successes achieved through the provincial health accord funding agreements. Should this be so, the consequences could prove a fatal eleventh-hour development in the workings of insurers and […]
By Sean van Zyl, Editor | September 30, 2000
3 min read
The time for discussion is over where e-commerce is concerned, delegates to the recently held E-Strategy “Super Summit” in Toronto were told. Notions that the Internet is a “passing fad” have to be put aside, as consumer expectations push the insurance industry willingly, or unwillingly, online. Speakers at the summit caution that, those who continue […]
By Vikki Spencer | September 30, 2000
7 min read
Feeling slightly weary, the five of us walked across the convention center lobby and sank into chairs. My insurance company was the lead sponsor of a two-day business fair titled “The E-business Revolution” and I had invited four of my brokers as guests. We had listened to the speakers and already toured the product exhibits. […]
By Axiom | September 30, 2000
9 min read
The Women In Insurance Cancer Crusade (WICC) held it’s 1st Annual Golf Tournament on August 25th at the prestigious Angus Glen Golf Club, north of Toronto. Over 200 executives from the insurance industry participated in the premier event, which included lunch, golf, dinner and both a silent and exciting live auction. Volunteers, sponsors and attendees […]
September 30, 2000
1 min read
For many years the independent insurance distribution system has longed for a single entry multiple company interface to compete more effectively with direct distribution. The independent system brings many valuable assets to the insurer. Customer knowledge, quality and loyalty, product knowledge, market selection, and professional representation are just a few of the advantages that this […]
2 min read
Believe it or not, you choose your competition and playing field. You choose to compete in a specific field and with specific players. If you choose a field better known to others than yourself, you will be playing at a marked disadvantage. If you redefine the field, you naturally redefine your competition. If you allow […]
5 min read
Co-operators subsidiary Canadian Union has bought Newfoundland insurer Colonial Fire and General to strengthen the group’s Atlantic broker presence. Key to the deal is a firm relationship with Wedgwood Insurance Ltd., the brokerage which created Colonial, says Katherine Bardswick, chief operating officer for Canadian Union and sister company Sovereign General. Wedgewood’s portfolio is direct, and […]
Over the last several years, the Canadian financial landscape has shifted. In the past, financial services regulation was based on the concept of the traditional “four pillars”. Changes in the marketplace have occurred across geographic, sectoral and jurisdictional boundaries and have caused these pillars to blur. On top of this, the use of new information-based […]
By Dina Palozzi, superintendent of the Financial Services Commissio | September 30, 2000
Insurance regulation is required to protect the interests of consumers. As our industry evolves, calls for common standards and a ‘level playing field’ for the industry continue. When considering changes and new regulatory structures, I believe we would be well served to look at RIBO, its growth and successes as a model for future regulation. […]
6 min read
Forensic investigation is hardly an unknown field to the insurance industry. However, an area that seems to garner little attention in claim investigation procedures is forensic entomology -- which could save insurers and insureds millions of dollars. Bug investigations? You have to be kidding. But, as the following case study reveals, insects can reveal many secrets in the process of claims investigation.
By Dael Morris, a forensic entomologist at Insect Investigations | September 30, 2000
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