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Insurance news in Canada
An overview of news, trends and research in the Insurance industry in Canada:
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Canadian consumers feel under-informed about insurance products
Education, digitalization, and hyper-personalization identified as key industry priorities in insurance survey from Capco.
22 September 2021
McLarens buys Toronto-based MGB Claims Consultants, Inc.
McLarens, an Atlanta-based consulting firm specializing in loss adjusting and claims, has acquired Toronto-based MGB Claims Consultants.
09 August 2021
Benefit Advisors Network expands into Canada
Benefit Advisors Network (BAN), a US-based network of independent employee benefit firms, has expanded into Canada with the addition of two Toronto-headquartered firms to its membership: The Leslie G
15 April 2021
Sterling Capital Brokers acquires benefit consultancy LCI
Sterling Capital Brokers, a Toronto-based independent benefit consulting firm, has acquired Leudey Consultants Inc. (LCI), a Halifax-based boutique benefit consultancy.
02 February 2021
People Corporation buys benefits consultancies in Quebec, BC, and Alberta
People Corporation – a Winnipeg-based provider of benefits, retirement, and HR solutions – has acquired Alliance Pour La Santé Etudiante Au Quebec Inc. (ASEQ), Watermark Benefit Consulting Inc.
02 December 2020
Hub International acquires Calgary's HB Consultants
Chicago-based insurance brokerage Hub International continued the expansion of its Canadian benefits consulting practice with acquisition of HB Consultants.
04 June 2020
Insurers' claims trend increases at more than double rate of actual costs
Even though most Canadian plan sponsors can expect to see 3% to 5% increases in drug claims based on actual 2018 claim trends, insurance providers’ addition of a “market inflation” factor will see an
29 July 2019
Canadian insurers missing opportunities for cross-selling
A recent study from strategy and marketing consultancy Simon-Kucher & Partners found that insurance consumers in Canada would prefer to have most of their insurance policies from one provider.
24 July 2019
Lussier Dale Parizeau acquires Samson Consulting Group
Lussier Dale Parizeau, Quebec’s largest insurance broker, has acquired Samson Consulting Group. The Terrebonne, QC–based consultancy focuses on actuarial consulting services.
15 July 2019
Hub continues acquisition thrust, buys BenefitLink Resource Group
Chicago-based global insurance brokerage Hub has acquired BenefitLink Resource Group, an Edmonton-based independent benefit and retirement consulting firm.
04 July 2019
BFL Canada acquires Summit Insurance Brokers
Risk management, benefits consulting, and insurance broking firm BFL Canada has acquired Prince George, BC–based Summit Insurance Brokers.
15 May 2019
More than half of Canadians would share personal data with banks for discounts
Over half of Canadian consumers are willing to share important personal data (location data, lifestyle info) with banks and insurers to receive lower pricing on products and services.
09 April 2019
AI consultancy Koïos Intelligence developing new insurtech product
Montreal-based technology and consulting firm Koïos will reveal a new solution that it hopes will become the AirBnB of the insurance market.
29 October 2018
Arthur J. Gallagher & Co. bolsters its consulting services with Leystone acquisition
Global insurance broking and consulting firm Arthur J. Gallagher has acquired Leystone Insurance & Financial in a deal that will see the firm reinforce its benefits consulting practice in Canada.
20 August 2018
Arthur J. Gallagher & Co. acquires Winnipeg's Belton Boisselle Ltd.
24 July 2018
GFT Technologies acquires Canadian IT consultancy V-NEO
Stuttgart-based technology and outsourcing consultancy GFT Technologies has acquired Quebec-based IT consulting firm V-NEO.
05 July 2018
Risk consultancy FocusPoint partners with Air Canada to offer duty of care solution
29 June 2018
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