Tax costs insurance industry 67%

The Canadian P&C industry pays the highest total tax and regulatory costs in the world. According to a new report, released today, April 22, 2010, by PricewaterhouseCoopers, at the IBC Financial Symposium in Toronto, the rate of taxes and regulations costs paid by our country’s P&C industry is 67%. The PwC report was commissed by[…]

Anatomy of a top producer: 10,000% growth? It’s possible

Everyone wants to succeed; to be recognized by peers for hard work and benefit financially from years of consistent, dedicated service. Everyone wants that recognition; not everyone receives it. The irony, now, is that at the start of Gregory Belton’s career, the world appeared to conspire to prevent him from becoming a broker. Working as[…]

Clear business plan and purpose leads to higher earnings, says growth guru

For Donald Cooper simple works best. As a former employee of the Cooper hockey equipment giant and a self-made women’s fashion retailer, Cooper has learned a thing or two about thinking outside of the box and developing competitive differentiation. Now, armed with his experience and expertise, Cooper travels the continent helping other entrepreneurs to develop[…]

Credit scoring debate heats up despite potential industry ignorance

One integral disparity in the industry today is the use—or misuse—of credit scoring.According to Rodney Hancock, CEO of McFarlan Rowlands and chair of the Independent Broker’s Association of Ontario (IBAO), insurers currently using credit scoring, outside of setting home policies, are in direct violation of the rulings of regulators. Hancock made his remarks during a[…]