MORE THAN INSURANCE,
GRAVITATING OUTSIDE THE INSURANCE BOX
5 LETTER FROM THE PRESIDENT & CEO
9 YOU'VE GOT 18 SUMMERS
10 GRIT WILL TAKE YOU FARTHER THAN TALENT
12 HOW SPONSORED CONTENT COULD KILL THE MEDIA
14 7 CORE BELIEFS OF GREAT BOSSES
16 THE SCIENCE OF WHY
20 THIS ONE HABIT HOLDS TOP LEADERS BACK
Judith E. Glaser
22 WHY IS IT SO HARD TO LIVE UP TO OUR VALUES?
24 TOP 7 SOFT SKILLS
The last couple of years have been filled with several catastrophes in North
America, and Canada has seen its fair share. This is tough on all of us as
consumers when it comes to renewing insurance policies. Many of you are
seeing increases in pricing that you may not have seen before. Some of you
might even receive a note saying the insurance company cannot provide
you with an insurance renewal…at any price.
So why is this happening? As noted, catastrophic events are partly to
blame. When insurance companies have to deal with catastrophic events,
they often pay out more for the various claims than they bring in from
insurance premiums. That in itself is a problem.
For the most part, insurance companies are required to be profitable to
stay in business. When claims patterns are normal, insurance companies
don’t have the financial pressures they have when claims patterns are not
normal. They often can get creative in staying profitable by earning more
in investments to offset their insurance losses. Normal patterns typically
equate to fairly constant insurance premiums and a much easier road for
consumers in general.
Unfortunately, we are not in a normal pattern in 2019. As the market
remains “not normal” and continues to “harden,” we are left with the
increases and non-renewals.
Gillons Insurance Brokers Ltd. is a large brokerage firm and we represent
many insurance markets. If you are an existing customer, we encourage
you to contact us to learn more about the market trends and to provide
you with advice on what is your best option as we navigate together
through this “not normal” or “hard market.”
The good news is all patterns in our industry are cyclical, so eventually
things will settle down and be normal again.
25 WAWANESA'S AGRICULTURAL SELECT: FARM COVERAGE
DESIGNED WITH BUSINESS IN MIND
27 STOP PAYING HEALTH AND DENTAL OUT OF POCKET
30 #GILLONS COMMUNITY
Myron Romaniuk, President & CEO
Gillons Insurance Brokers Ltd.