Private lending in an evolving mortgage space

Fergal: [00:00:24] Hello again and thanks for joining us on another edition of CMP TV. I’m Fergal McAlinden, news editor for Canadian Mortgage Professional. Well, it’s been an eventful year to date for Canada’s mortgage market, and that’s been no different in the private space. New educational requirements for Ontario mortgage agents, further regulatory attention … Read more

Insurtech weekly news roundup: August 5

Lemonade Lemonade reportedly laid off 20% of Metromile’s staff – about 60 people – after closing its acquisition of the company in late July, according to people familiar with the matter. Former Metromile CEO Dan Preston, now SVP of strategic initiatives at Lemonade, sent an email to Metromile staff from his personal email address thanking … Read more

Rivals beware: Property risk analytics insurtech promises to stick around

“We are building this company because we are enjoying the process and because we want to have an impact on this industry,” Toth said. “We are not building this company for a quick sale.” Tech driven, sane growth Zesty.ai initially debuted in 2016 and started its first foray into the insurance space in 2018. The … Read more

Why cybersecurity is an issue for business leaders – and not just IT professionals

“Look at any cybersecurity incident and you’ll find a failure of decision making, not a failure of technology,” wrote Paul Proctor, vice-president and distinguished analyst at global management consultancy Gartner, in a blog post on the firm’s website. “The real purpose of a security program is not to prevent the organization from being hacked, because … Read more

Tracking the post-pandemic workers’ compensation market

Can you tell me about PMC Insurance and your respective roles with the company? Both: PMC is a national workers’ compensation specialist. Working through the insurance agent community for the last 25 years, PMC has the workers’ compensation expertise and carrier relationships to offer guidance and place coverage for most insureds across the country – … Read more

Brokers – underwriters: You scratch my back, I’ll scratch yours

All brokers could deliver was bad news, bad news, and more bad news. This isn’t exactly ideal for a profession centered around excellent customer service, support, and advocacy. Suddenly, brokers looked like the bad guys – but that’s just because companies facing sky-high rate increases for reduced coverage needed someone to blame. It was a … Read more