Expansion will enable property and casualty insurance professionals to enter the digital world

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Surex is the Fastest-Growing Insurance Brokerage Two Years in a Row on the Growth 500

MAGRATH, Alberta — Surex, Canada’s online Insurance Marketplace™, is excited to announce that its revenue growth of over 1000% in 5 years, has landed the company in the top 100 of the Growth 500. Surex was ranked no. 93 by Canadian Business and Maclean’s on the annual Growth 500, the definitive ranking of Canada’s Fastest-Growing Companies. Produced by Canada’s premier business and current affairs media brands, the Growth 500 ranks Canadian businesses on five-year revenue growth. Growth 500 winners are profiled in a special print issue of Canadian Business published with Maclean’s magazine and online at CanadianBusiness.com and Growth500.ca.

Surex made the 2019 Growth 500 list with five-year revenue growth of 1071%.

“The companies on the 2019 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today,” says Beth Fraser, Growth 500 program manager. “As we celebrate over 30 years of the Canada’s Fastest-Growing Companies program, it’s encouraging to see that entrepreneurship is healthier than ever in this country.”

“We are proud to have been selected to the Growth 500 list for the second time in two years,” said Lance Miller, CEO and Co-Founder of Surex. “We have worked aggressively to build Surex as Canada’s fastest growing online Insurance Marketplace, and to make purchasing insurance as easy and frictionless as possible for Canadians. We are proud to be small-town Canadian entrepreneurs and we will continue to expand the team and the technology that has brought us here.”

“Our vision is to change the way Canadians purchase insurance, and we are not satisfied with incremental change,” said Matt Alson, COO and Co-Founder of Surex. “We are humbled to see the results of our efforts be recognized by one of Canada’s most prestigious entrepreneur programs. Our growth is thanks to our team and our customers who trust us with their business.”

Surex provides auto, home, and business insurance to customers in Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Saskatchewan, and in the Northwest Territories and the Yukon.

For more information about Surex, please visit www.surex.com.

About the Growth 500
For over 30 years, the Growth 500 has been Canada’s most respectable and influential ranking of entrepreneurial achievement. Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the Growth 500 profiles the country’s most successful growing businesses. The Growth 500 is produced by Canadian Business. Winners are profiled in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Maclean’s magazine) and online at Growth500.ca and CanadianBusiness.com. For more information on the ranking, visit Growth500.ca.

About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.

Technology Trends in the Insurance Industry

Technology Trends in the Insurance Industry

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Advances in technology will have a major impact on all aspects of the business of insurance worldwide. For example consumers have become more knowledgeable and expect more, opportunities for auto insurance are changing, personal data is being used more extensively than ever before. There is much to consider.

By the end of this course you will be able to:

  • Describe the technology and its impact on the insurance industry
  • Explain planning for technology implementation in the insurance industry
  • Describe the exchange of data between brokerages and insurance companies

Become an ILScorp group member to save even more.

Included as part of the ILScorp Adjuster CE Subscription

Included as part of the ILScorp General CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 2
Credit Type: General/Adjuster – Technical and RIBO-Management
Credit #: AIC #48003; MB#30088
Accrediting Provinces: BC, AB, SK, MB, ON
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Included as part of the ILScorp Life/A&S CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 2
Credit Type: Life/A&S – Technical
Credit #: AIC #48003; MB#30088
Accrediting Provinces: BC, AB, SK, MB, ON
Get Instant Access(Fast, easy, done)

Included as part of the ILScorp Chad CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 2
Credit Type: Administration
Credit #: AFC10861
Accrediting Provinces: QC
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Included as part of the ILScorp CSF CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 2
Credit Type: CSF – Insurance of persons
Credit #: CSF19-02-45665
Accrediting Provinces: QC
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Business Interruption Insurance Training

Business Interruption Insurance Training

Version française

Business interruption insurance, also called “business income” insurance, is one of the most important and yet most widely misunderstood of all insurance coverages. Fact: We don’t need an extensive financial background or training to effectively explain how business interruption insurance works. Nothing could be further from the truth. After completing this course, you will know a lot about business interruption insurance and, specifically, the Profits Endorsement Form. From there, it is just a matter of communicating that information in a way that your prospects will understand.

This course is broken down into three components:

Component A – Component A – Introduction to Business Interruption Insurance

  • The Importance of Separate Business Interruption Insurance
  • Two Types of Business Interruption Endorsements
  • The Role of The Broker in The Sales Process.

Component B – Profits Endorsement Form: A Coverage Analysis

  • Indemnity Agreement
  • Section 6. Provisions (a)-(g)
  • Section 7. Premium Adjustment
  • Extensions of Coverage
  • Other Common Clauses

Component C – Profits Endorsement Form: A Coverage Analysis Continued

  • Indemnity Period – Duration of Coverage
  • Measure of Recovery
  • Payroll Option
  • Insured Standing Charges
  • Definitions

Become an ILScorp group member to save even more.

Included as part of the ILScorp Adjuster CE Subscription.

Included as part of the ILScorp General CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 3
Credit Type: General/Adjuster – Technical and RIBO-Technical
Credit #: AIC #48006, MB#30091
Accrediting Provinces: BC, AB, SK, MB, ON
Get Instant Access(Fast, easy, done)

Included as part of the ILScorp Chad CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 3
Credit Type: Insurance Technique
Credit #: AFC10854
Accrediting Provinces: QC
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Cyber Risk Training

Cyber Risk Training

During this session we will begin by discussing recent changes made to the Personal Information Protection Electronic and Documents Act. This is a natural spring board when discussing cyber insurance with clients. Next, we will briefly look at today’s cyber insurance market place to review common challenges. Then we will roll up our sleeves and get into the actual coverage forms most common in our market. Data Compromise Coverage, Computer Attack Coverage and Network Security Liability Coverage are the three major topics.

Included as part of the ILScorp General CE Subscription.
Included as part of the ILScorp Adjuster CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 3
Credit Type: General/Adjuster – Technical and RIBO – Technical
Credit #: AIC#50977;MB32089
Accrediting Provinces: BC, AB, SK, MB, ON
Get Instant Access(Fast, easy, done)

Included as part of the ILScorp Chad CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 3
Credit Type: ChAD – Insurance Technique
Credit #: AFC11036
Accrediting Provinces: QC
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Manulife earns record profits in 2018 as it swings to a $593 million profit in Q4

TORONTO _ Manulife Financial Corp. posted record earnings last year as it swung to a $593-million profit in the fourth quarter.

The Toronto-based insurer says it earned $4.8 billion in net income attributable to shareholders in 2018, up from $2.7 billion in 2017 when it took a $2.8-billion charge related to U.S. tax reform and faced hurricane-related charges.

Adjusted profits grew 23 per cent to $5.6 billion from $4.6 billion a year earlier.

In the fourth quarter, it earned 28 cents per diluted share for the period ended Dec. 31, compared with a loss of 83 cents per share or $1.6 billion a year earlier.

Excluding one-time items, quarterly adjusted earnings increased 11 per cent to $1.3 billion, or 86 cents per share, from $1.2 billion or 59 cents per share in the prior year.

The increase was mainly driven by new business growth in Asia, the impact of lower U.S. tax rates and expense efficiency, partially offset by the impact of lower equity markets.

Sales increased 14 per cent to $1.5 billion in the quarter, but were off three per cent to $5.5 billion for the full year.

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