Insurable Interest Canadian Insurance Blog

Start Slideshow RIAs today face an increasingly competitive playing field. Since just a year ago, their ranks have increased by 374 to 15,860 advisors, according to a new report from SmartAsset. Faster connections, expanded geographical reach and more access to financial tools, all sped up by financial technology, are forcing RIAs to innovate and act quickly in order to attract clients and managing growing assets. In its report, SmartAsset ranked the 100 fastest-growing RIAs, narrowed down from some 2,000 firms that met initial qualifications: Each one is based in the U.S., offers financial planning services, has at least $500 million in regulatory assets under management (RAUM) and has no disclosures on its Form ADV. Firms involved in recent mergers or acquisitions did not make the cut. Analysts then ranked qualifying firms on their one-year and three-year changes in number of clients and in RAUM, based on SEC data. The one-year period is for August 2024 and August 2023, and the three-period is for August 2024 and August 2021. See the gallery for the 12 fastest-growing RIAs, according to SmartAsset. Start Slideshow

Toronto, ON (Sept. 19, 2024) – BrokerLink is pleased to announce the opening of a brand-new branch in Kingston, Ontario – its first location in this historic city. The Kingston branch, located in the heart of downtown at 202 Princess Street, will firmly establish the brokerage’s presence in southeastern Ontario and supports its strategic initiative for organic growth. “We didn’t want to wait for an acquisition to happen,” says Danny Da Costa, Vice President, Ontario and Digital Distribution. “Kingston is the centre of a geographic area where we see tremendous opportunity and we’ve had our eye on it for some time.” “Our existing customers in Kingston now have local options available, so they can contact us by phone, visit us online or drop by in person,” Da Costa continues. “This expansion allows us to extend our services to a wider audience, fostering deeper connections within the community.” BrokerLink customers and the Kingston community are welcome to stop by the new branch, located at 202 Princess Street. A ribbon-cutting ceremony with the city’s mayor is scheduled on Monday September 23, at 10:30 a.m. and is open to the public. About BrokerLink Since 1991 we’ve had a vision: to build a network...

Free Partners releases “The Re:Generation Report” London, UK (Sept. 16, 2024) – The insurance industry is teetering on the brink of a major recruitment crisis. With an ageing workforce nearing retirement, the clock is ticking, and the talent pipeline is running dry. But here’s the real kicker: it’s not because young professionals are rejecting the industry – it’s because they fail to see how it will meet their career aspirations. We have the power to change that. The Perception Problem: It’s Not What You Think In our latest research, The Re:generation Report, Free Partners LLP surveyed over 1,000 young people across the UK and US. The results were eye-opening. The insurance industry is sitting on a goldmine of career opportunities – meaningful work, career growth, and work / social life harmony – but it’s wrapped in a package that’s perceived as staid, untrustworthy, and uninspiring. This isn’t a talent crisis; it’s a perception crisis. And it’s one we can fix. Infographic: Career aspirations of young people vs. what they believe a career in insurance can offer Why This Matters: The Future of Insurance Depends on You For CMOs, CEOs, insurance leaders, and HR professionals, this is your moment. The future...

Mississauga, ON (Sept. 19, 2024) – Unica Insurance is proud to announce a partnership with QuickFacts, a revolutionary software solution dedicated to transforming insurance brokerage operations, enhancing efficiency and elevating client services. The partnership will give Unica brokers exclusive pricing to access the QuickFacts platform and immediately benefit from a 20-30% increase in efficiency. QuickFacts is a tool for brokers, built by brokers, and brings the power of comparative rating to the product level. It will allow brokers to generate side-by-side product feature and coverage comparisons from multiple carriers, with easy access to current manuals, bulletins, forms, decline rules, binding guidelines and more. This means a significant reduction in research time for brokers to find the best product and coverage solutions for their customers’ unique needs. “Unica specializes in tailored insurance solutions for a broker’s best clients, who prioritize comprehensive protection and trust their broker’s expertise,” said Chris Weston, VP of Business Development and Broker Financial Solutions at Unica Insurance. “We are committed to providing innovative products and empowering brokers with the tools and ongoing education they need to meet the unique needs of their customers. This reflects Unica’s dedication to delivering ease-of-doing-business solutions for the broker channel.” “At QuickFacts,...