Canadian brokers face new competitors in banks; bank ins. operations will not doom independent brokers. (impact of financial services industry ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on May 18, 1992. The length of the article is 504 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Competition between Canadian insurers and the financial services industry will heat up in the wake of financial services deregulation laws passed in Canada in 1991. At the 1992 Insurance Marketing and Management Services conference, brokers articulated their fears that the more financially solvent financial services industry will employ high-tech systems to provide and market its services and will profit from involvement in the payroll deduction sector. The shrinking, heavily-merged insurance industry however, will still provide personalized service and expansion of services as administrative costs decline.

Citation Details
Title: Canadian brokers face new competitors in banks; bank ins. operations will not doom independent brokers. (impact of financial services industry entrance into insurance business discussed at convention of Insurance Marketing and Management Services, Scottsdale, Arizona) (Agent/Broker)
Author: Colleen Mulcahy
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: May 18, 1992
Publisher: The National Underwriter Company
Issue: n20 Page: p41(2)

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