ALIGNMENT Matters Issue 17

Ever wonder why insurance never goes on sale?

ALIGNMENT Matters issue 17 – In contrast to pretty much every other product or service, insurance never goes on sale and understanding why matters…

The reality is insurance pricing models aren’t rooted in traditional factors like supply and demand. Insurance pricing is built on complex actuarial models that incorporate huge amounts of historic data, predictive analytics and, ultimately, the objective characteristics of each risk. In addition, in many jurisdictions and product lines insurance pricing is heavily regulated and pricing variance is prohibited.

The objectivity of insurance pricing is important to understand as it allows insurance buyers to focus on the things that really matter like:

1. How much value does your insurance brokerage deliver for the compensation they earn?
2. How much transparency and choice over the services and corresponding costs does your brokerage offer?
3. What level of understanding and experience do the people at your insurance brokerage who actually work on your account have of your risks and experiences?

ALIGNED was uniquely and intentionally built to give clients more value. Across Canada, our team of insurance advocates knows how to assess your risks and yes, align you with the best business insurance solutions.

In fact, we’re a finalist for the Brokerage of The Year Award at the Insurance Business Awards! We’re delighted that this leading industry publication is taking note of our mission to empower you to make the best possible insurance and risk management decisions. And we’re grateful to have the opportunity to deliver timely business insurance insights to your inbox every month.

Read on for insights & information about:

• The insurance industry takes note of ALIGNED
• My recent election to the board of directors for a leading Chamber of Commerce
• It is our honour to ALIGN with VETS Canada
• “I keep hearing everyone talking about ‘Cyber Risk’ & ‘Cyber Insurance’ – what are these and how could our organization get protected?”

Across Canada, our team of insurance advocates knows how to assess your risks and yes, align you with the best business solutions. In fact, we’re a finalist for the first annual Insurance Business Awards! We’re delighted that this leading industry publication is taking note of our mission to empower you to make the best possible insurance and risk management decisions. And we’re grateful to have the opportunity to deliver timely business insurance insights to your inbox every month.

Read on for insights & information about:

• Did Cyber Monday expose your company to risk?
• The insurance industry takes note of ALIGNED
• Non-profit elects insurance leader to board of directors
• It is our honour to ALIGN with VETS Canada

Our experts are here to help you – learn how in ALIGNMENT Matters issue 17 below.

Sincerely,

Andrew Clark, MBA, CAIB, RF, FCIP, RPLU
President & CEO
ALIGNED Insurance Inc.
www.linkedin.com/in/andrewclarkalignedinsurance

ALIGNMENT Matters issue 17

• [cyber insights]  Struggling to wrap your head around cyber risk?
  From the content you put on your website to stored customer data, your cyber exposures are vast. Unfortunately, a traditional business liability policy is extremely unlikely to protect against most cyber exposures and typically explicitly excludes such coverage. The good news is that the current Canadian insurance market offers good value to first-time buyers of cyber liability coverage…READ MORE
• [good news]  Leading industry publication recognizes ALIGNED excellence
  We’re a finalist! ALIGNED Insurance has been recognized as a finalist for the first annual Insurance Business Awards. The April Canada Award for the Best Brokerage Over 10 People recognizes us as one of Canada’s leading national insurance brokerages. According to the criteria, this is an “award of excellence to the outstanding broker practice.” As well, “when judging this category – number of policies written during the year, premium volume contributions, customer service, brokerage reputation and client retention – will all be considered.” The award winners will be announced…READ MORE
• [giving back]  Non-profit board welcomes CEO Andrew Clark
  We’re thrilled to report that ALIGNED’s President and CEO Andrew Clark was just appointed to the Guelph Chamber of Commerce. Andrew was elected amongst a group of 13 candidates to serve on the 16-member board. “The Guelph Chamber is – first and foremost – a non-profit community benefit organization that functions as… READ MORE
• [good causes]  ALIGNED WITH VETS CANADA
  We’re proud to give regularly and generously in support of the inspiring work of charitable and non-profit organizations. A grassroots movement, VETS Canada began in 2010/2011 when Jim Lowther, a veteran himself, realized that there were veterans who were slipping through the cracks. Sydni Felice, assistant advocate selected VETS Canada… READ MORE 
  

© 2016 ALIGNED Insurance. All rights reserved. ALIGNMENT Matters issue 17 is a publication of ALIGNED Insurance.