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Brokers’ top five reads in August

Tech initiatives and updates from Sonnet Insurance and Marsh & McLennan Agency dominated interest

As the summer season begins to wind down, news stories with a heavy technology focus captivated brokers the most over the month of August.

Here are the top five stories:

1. Insurer-broker system for real-time transactions passes initial test

The Canadian Guidewire Users Group updated the industry on its plans to launch a “broker connectivity accelerator” system, which is designed to process policy transactions in real time and enable data to flow between systems electronically without manual intervention or portal connections.

2. New president and COO for Marsh & McLennan Agency

Marsh’s subsidiary that focuses on midsize businesses and individuals made two significant changes to its executive office.

Interested in more Marsh-related news? The August issue of Canadian Insurance Top Broker includes a one-on-one interview with Marsh Canada’s president and CEO, Chris Lay, who describes his plans for the brokerage after one year at the helm. The full story is available here.

3. Hundreds of new B.C. brokers breached regulatory requirement

More than 400 newly licensed insurance brokers in B.C. are being disciplined by the Insurance Council of British Columbia for failing to comply with a requirement to take a mandatory course.

4. Digital and marketing executive to lead Sonnet Insurance

Economical Insurance’s direct arm looked outside of the P&C industry for its new leader. Roger Dunbar’s previous employers include AutoTrader.ca and Ancestry.ca.

5. New CSIO video gives first look at eSlip tool

The Centre for Study of Insurance Operations (CSIO) produced a video that explains the features of the organization’s new digital proof of auto insurance program. The initiative should launch by the end of this year.

Canadian Insurance Top Broker was there when the CSIO and Gore Mutual initially announced the eSlip tool at an event in June. That full story is available here.