HR
Brokers could provide added value to their customers by suggesting offers that that help save money on home and auto insurance, attendees to the Insurance-Canada.ca Broker Forum (ICBF) heard last week. “Fully 50 to 60% of your customers are saying, ‘this is of interest to me,’” Bill Morris, senior partner with Markham, Ont.-based Navicom Inc. […]
By Jason Contant | March 6, 2017
3 min read
Learning is a life-long process and not just for humans – online chatbots can also continue to learn and become smarter, attendees to the Insurance-Canada.ca Broker Forum (ICBF) heard on Wednesday. Amanda Ketelaars, operations manager with Whitby, Ont.-based Mitchell & Whale Insurance Brokers shared her brokerage’s experience with their chatbot at the ICBF, held at […]
By Jason Contant | March 3, 2017
If an insurer can offer brokers more products, assistance and their brand is recognized by clients, “there is some value there,” Jeff Roy, CEO of Excalibur Insurance Group, suggested on Wednesday at the Insurance-Canada.ca Broker Forum, held at the Allstream Centre in Toronto. Roy was discussing the contentious decision in late January in which the […]
By Jason Contant | March 2, 2017
Competitors outside the property & casualty industry are trying to “bite away” at the P&C market, while fintech is starting to “emerge in spaces where banking isn’t,” a senior executive with a major insurer told industry professionals Tuesday. “Over the last year and a half we have seen a proliferation of fintech companies entering into […]
By Canadian Underwriter | March 1, 2017
An Ontario court has appointed two committees to negotiate the allocation of benefits from a demutualization of Economical Insurance, the Waterloo, Ont.-based insurance carrier announced Friday. No federally regulated P&C insurers have demutualized yet. Canada did not have regulations allowing for federally regulated P&C insurers to demutualize until the summer of 2015. In December, 2015, […]
By Canadian Underwriter | February 24, 2017
Insurance CEOs have the biggest concerns in the financial services industry over skills shortages and the related pace of technological change, according to a new survey from PwC. The survey, titled Ahead of the curve: Confronting the big talent challenges in financial services, involved 487 CEOs in the banking and capital markets, asset and wealth […]
By Canadian Underwriter | February 22, 2017
4 min read
H.W. Kaufman Financial Group announced on Wednesday that it has “strategically” combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm. The merger will continue their global presence and allow a single source for loss control inspection, premium audit and risk mitigation services, Afirm Solutions said in a press release. Global headquarters for […]
2 min read
Most IT professionals in Canada (73%) feel strongly that some of their security solutions are outdated and inadequate, according to the Canadian results of a global study released last week. The Need for a New IT Security Architecture: Global Study on the Risk of Outdated Technologies was released on Feb. 7. Conducted by the Ponemon […]
By Canadian Underwriter | February 14, 2017
Risk Management Solutions, Inc. (RMS) announced on Tuesday that it has appointed industry veteran Mike Pritula as president, effective March 1. Pritula will lead RMS’ client service and market development, advancing the company’s role in delivering value to enable its clients’ strategic success, the catastrophe risk modelling company explained in a press release. As president, […]
Nearly one in four chief executive officers surveyed by PriceWaterhouseCoopers “strongly agree” that how their firms manage people’s data will “differentiate” their companies. “CEOs are particularly anxious that breaches in data security and ethics, and IT outages and disruptions could impair public trust in their industry,” PwC said of the findings from its 20th CEO […]
By Canadian Underwriter | February 13, 2017
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