Insurable Interest Canadian Insurance Blog

Start Slideshow I recently presented at the T3 conference in Las Vegas. The title of my presentation, “Hot takes! All the ways you’re doing portfolio management wrong” was meant to be humorous, but the content was entirely serious. It’s not a shocking observation that most advisory firms aren’t especially good at rebalancing portfolios. What’s shocking is just how bad most firms are. According to an analysis from my firm, Smartleaf, when firms implement a more systematic approach to tax management, they see reductions of over 60% in their clients’ capital gains tax bills. More surprising is that they also see a 60% reduction in the return dispersion of accounts with similar risk objectives. This shouldn’t be possible. It makes sense that portfolios would have a trade off between taxes and dispersion. The fact that advisors can simultaneously improve tax outcomes and dispersion has a sobering implication: most return dispersion is not caused by customization or tax management. It’s just noise. An indicator of just how bad the industry is at the basics of portfolio management. How do you know if your portfolio management practices are up to standard? Here’s one test. You should be able to document that for most clients, you...

Collaboration will leverage UVeye’s computer vision technology to streamline Acadia’s claims processes, setting a new standard for efficiency and accuracy in the automotive insurance industry New York, NY (Mar. 5, 2024) – UVeye, creator of the AI-driven automated vehicle inspection platform, is pleased to announce a strategic collaboration with Acadia Insurance, a leader in the insurance industry. The companies will reshape the automotive insurance claim landscape by enhancing efficiency and accuracy in Acadia’s appraisal process, leveraging UVeye’s AI-powered computer vision inspection systems to streamline claims for vehicles involved in accidents. UVeye’s drive-thru systems enable appraisers to conduct comprehensive, instantaneous assessments of vehicle damage with an unprecedented level of precision and granularity, overhauling the traditional, manual inspection process and streamlining claims management. The AI-driven systems elevate the overall customer experience by slashing wait times and ensuring total transparency throughout the appraisal process. The collaboration is a milestone in the integration of AI in the insurance industry, ushering in a faster, more reliable claims process that benefits both insurance companies and policyholders. “Insurance has long been characterized by traditional, manual processes, but this boost of computer vision gives us a glimpse into the future,” said Keith Gleason, Chief Claims Officer at Acadia...

Toronto, ON (Mar. 5, 2024) – BrokerLink, one of Canada’s largest property and casualty insurance brokerages, is excited to announce the acquisition of Ontario-based Hanbidge & Bowman Ltd. Insurance Professionals (Hanbidge and Bowman Insurance), effective March 1, 2024. Growing BrokerLink’s Owen Sound team Established in 1947, Hanbidge and Bowman Insurance has been a fixture on Owen Sound’s main street, offering its customers insurance solutions for home, auto, business and farm insurance. The brokerage has demonstrated its commitment to the community for over 70 years by proudly sponsoring local sports teams, contributing to meaningful foundations and participating in town events. “We pride ourselves on living in the community we serve and helping customers find the right insurance using our local expertise,” says Dave McNeill, President of Hanbidge and Bowman Insurance. “BrokerLink is well-known for its knowledgeable team, and our customers and employees will benefit from its sizable network, specialized insurance offerings and technology capabilities.” Hanbidge and Bowman Insurance team members will continue helping Owen Sound residents as part of the BrokerLink team. “We extend a warm welcome to our new employees from Hanbidge and Bowman Insurance,” says Lindsay Loughridge, BrokerLink’s Vice President of Ontario and Digital Distribution. “At BrokerLink, we’re here...