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Pathway Partners Insurance and Business Blog and News
Auto fraud: a cost of doing business?
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Canada’s property and casualty insurance industry should do much more to fight auto insurance fraud, a senior claims representative of Canada’s second largest insurer says.
Province sees flurry of P&C insurance legislation
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Quebec is seeing several proposed legislative changes that will – or could – impact property and casualty insurance in the province.
Drones bring a 'mindblowing' level of data to claims
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As the insurance industry works to answer claims more efficiently, the adoption of digital tools, such as aerial imagery and artificial intelligence will prove pivotal for the industry in building up its reputation with customers.
https://www.dig-in.com/news/drones-bring-a-mindblowing-level-of-data-to-claims-allstate-evp
Portals are dead. Brokers have moved on to real-time
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As insurers move away from their legacy systems and onto more flexible platforms such as Guidewire and Duck Creek, the days appear numbered for portal solutions. Real-time data exchange is now front and center as a priority for the Insurance Broker Association of Canada (IBAC), the national broker association announced Tuesday.
https://www.canadianunderwriter.ca/insurance/portals-dead-brokers-moved-real-time-1004127364/
Auto reform an opportunity for brokers to review clients personal situations: IBAO president-elect
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A set of changes to auto accident benefits coverage is a “perfect example” of an opportunity for brokers to contact their clients and review insurance needs, the president-elect of the Insurance Brokers Association of Ontario suggested at the organization’s recent annual convention.
Measuring Up: The 2017 National Broker Survey
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There were 709 respondents in all. Of the 486 respondents who provided their positions, slightly more than 41% identified themselves as owners/co-owners, 9% report being a chief/senior executive without a significant ownership stake, 20% note other executive or manager without significant ownership stake, and 30% say front-line broker with little or no management responsibility.
https://www.canadianunderwriter.ca/features/measuring-2017-national-broker-survey/
Continuing fast pace for insurance M&A in U.S., Canada
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Sellers seem to be enthusiastically responding as buyers continue the aggressive valuations of p&c and employee benefits agencies, with OPTIS Partners reporting Thursday there were 132 deals inked during 2017 Q3, bringing the year-to-date total to 457.
What does the future hold for insurance brokers?
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t’s a question that is constantly asked – what does the future hold for insurance brokers? Various reports come to differing conclusions: brokers need to become business advisors; brokers need to keep up with digital disruptors; insurers are heading for direct. But what does a broker on the ground actually think?
An Insurance Primer for Disruptors
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Disrupters are finding new ways to close these gaps and traditional insurance carriers find themselves scrambling to protect their foundations. Traditional insurance carriers are investing and buying into #Insurtech solutions although it often remains to be seen how they will either integrate or leverage the technology into their existing operations.
https://www.linkedin.com/pulse/insurance-primer-disruptors-lisa-smith
Transitioning your Brokerage to the Next Level
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Join us on September 14, 2017 for a full day event at Novotel Toronto,starting at 8:45am. Compimentary Continental Breakfast from 8:00-8:45am.
Who should Attend: Owners, Managers, Supervisors and Team Leaders. This seminar is geared towards Insurance Brokers and Agents.
Topics Include:
Communication Keys to Persuasive Interactions
Technology, Trends and Tracking
Managing Teams for a Profitable Brokerage
Data and Analytics – the New Basics
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