{"id":15017,"date":"2019-05-24T16:46:56","date_gmt":"2019-05-24T20:46:56","guid":{"rendered":"https:\/\/insurance-journal.ca\/article\/charles-brindamour-still-not-satisfied-with-intacts-results\/"},"modified":"2019-05-24T16:46:56","modified_gmt":"2019-05-24T20:46:56","slug":"charles-brindamour-still-not-satisfied-with-intacts-results","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/05\/24\/charles-brindamour-still-not-satisfied-with-intacts-results\/","title":{"rendered":"Charles Brindamour still not satisfied with Intact\u2019s results"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"http:\/\/insurance-journal.ca\/media\/photologue\/photos\/brindamour_charles_2019.png\" class=\"ff-og-image-inserted\"><\/div>\n<p>Until his company generates a return on equity of 15%, <strong>Charles Brindamour<\/strong> says he is not satisfied with <strong>Intact <\/strong><strong>Financial<\/strong> <strong>Corporation<\/strong>\u2019s results.<\/p>\n<p>At the end of fourth-quarter 2018, Intact had not reached this goal. Brindamour said he was not satisfied. The same scenario recurred in first-quarter 2019: the insurer posted a return on equity of 12.8%.<\/p>\n<p>\u201cWe\u2019re not satisfied with the 12% operating ROE. Not satisfied,\u201d he told financial analysts in a conference call on May 8. <em>Insurance Journal<\/em> consulted the official transcript.<\/p>\n<p>Even if claims frequency rises,&nbsp;Brindamour confirms that his company has what it takes to generate a return on equity above 15%, quarter after quarter. This objective is especially ambitious given the industry ROE of below 3%.<\/p>\n<p>Despite unfavourable weather conditions for insurers, Brindamour points out that his company\u2019s results are much more stable than those of other industry players.<\/p>\n<h5>Data segmentation<\/h5>\n<p>To outperform the industry, Intact is focusing on data segmentation, claims management and investment in distribution,&nbsp;Brindamour told the analysts.<\/p>\n<p>To bolster data segmentation, Intact has invested massively in artificial intelligence to identify new variables. In claims management, Intact uses digital technology and is boosting in-sourcing of its processes. Lastly, Brindamour describes investments in distribution as \u201cfar more stable than the personal lines insurance business.\u201d<\/p>\n<p> <a href=\"https:\/\/insurance-journal.ca\/article\/charles-brindamour-still-not-satisfied-with-intacts-results\/\">Read the original article at insurance-journal.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Until his company generates a return on equity of 15%, Charles Brindamour says he is not satisfied with Intact Financial Corporation\u2019s results. At the end of fourth-quarter 2018, Intact had not reached this goal.&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15017"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=15017"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15017\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=15017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=15017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=15017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}