Feb 26, 2020 Value Over Price

Price is always on our minds, and the first thing a prospect often wants to know is how much insurance is going to cost them. With technology now at our fingertips, this usually means people will open their computers (or take out their phones) and start doing their research online, looking for the cheapest options. But brokers know that doesn’t give the full picture. How do we encourage customers to look beyond the price tag to ensure they’re properly covered? Direct-to-consumer online sales are growing in parts of Canada, since many people like the immediacy of going online and getting a quote. In fact, in Canadian Underwriter’s 2019 National Broker Survey, brokers ranked the top two threats to the…

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Sep 1, 2017 E-Bonding ─ A Paperless Solution to Construction Surety Bonds

In keeping with the growing trend toward automation, the construction, surety and insurance broker industries continue to explore the use of technology. The capability to create, record, execute, and deliver a digital bond over a paper bond has started. Tenders may include a provision to supply an electronic bond (e-bond) with an electronic tender (e-tender). An e-bond simplifies the process and includes security features that validate the bond; it’s not simply a scanned copy of an executed bond issued the traditional way. The results are enhanced service levels and streamlined administrative practices. There are various platform providers that support the e-bond and e-tender process. Set-up is easy but must be activated before you can start submitting bonds digitally. Speak to your insurance professional to…

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Sep 9, 2016 E-Signatures

What Are E-Signatures? An electronic signature, or e-signature, is like an electronic ‘fingerprint’ in the form of a coded message. E-signatures, like handwritten signatures are unique to each signer, they securely associate a signer with a document in a trackable recorded transaction. What Are the Benefits of E-Signatures? Electronic signatures allow clients to sign documents electronically on computers, tablets or mobile devices in a single step at any time or place. They eliminate the print-sign-scan process resulting in extremely fast turn-around times. These transactions are fast, secure, verifiable and paperless. What Are E-Signatures Used For? Electronic signatures are used on every sort of document where a signature is needed. A few examples are: Sale contracts, invoices and approval appraisals Fill out…

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