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How Baker Tilly Toronto supports insurance providers in transition Oct 23rd
The insurance industry is constantly evolving, facing disruptions from technological advancements, intergenerational wealth transfers, market consolidation driven by private equity, and shifting regulations.
For professional advisors like Baker Tilly Toronto, staying current in this business land.... More »
Over to You, Tom Jul 30th
ObamaCare gave enormous discretion to regulators. Now Team Trump must use it to help insurance consumers..... More »
Home insurance guide + MORE Dec 26th
Our guide to home insurance is here to remove the confusion and help you understand what home insurance is, whether you need it, how much it costs, and what it does and doesn’t cover. We break it down in a way that will help you get the best coverage for your home, your valuables and your budget.&.... More »
5 reasons to buy life insurance—right now Aug 20th
If you’re working to improve your financial situation, a few strategies may come to mind: paying down debt, building an emergency fund, investing inside a tax-free savings account (TFSA) or a registered retirement savings plan (RRSP), or putting your money in other savings vehicles. These are all .... More »
TFSA contribution room calculator + MORE Nov 5th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »
The Self-Driving Car and the Coming Revolution in Auto Insurance
– online.wsj.com
Google seems to be laying the groundwork to underwrite its own policies, displacing traditional carriers.Generation Y unhappy with home insurance providers
– moneysense.ca
Home insurance (Getty Images/Charlie Roy)The Gen Y’s are not happy. At least not with home insurance and not with customer service from home insurance providers.
While Canadians’ satisfaction with home insurance providers has declined in all regions across the country since 2014, it’s Generation Y where this dissatisfaction has eroded far more rapidly than any other generational group.
The findings are from J.D. Power’s annual Canadian Home Insurance Study, released today, which examined five factors of home insurance interaction. In order of importance these factors were: non-claim interaction; policy offerings; price; billing and payment; and claims. The non-claim interaction factor includes three subfactors: local agent or broker; call centre representative; and website.
Among the survey results, the study revealed that only 55% of home insurance policy holders born between 1977 and 1994, “completely” understand their billing statement. The comprehension level for other age groups is 66%…
