A thank you from us – ILScorp

Over the past weekend, ILS Learning Corporation updated all of our servers and learning management systems to provide you the fastest and most secure environment for meeting your educational needs.

We want to say thank you for your patience and also apologize for any inconvenience this may have caused.

Thank you ILScorp

All system updates and upgrades went superbly, and we are excited to share the new and improved e-learning experience with you!

Thank you again for trusting us to be your source for top quality insurance education in Canada.  We pride ourselves in bringing you the most accurate and up to date information through our online courses, and customer service.

 We look forward to sharing in your success.

 ILScorp

Ontario Appoints Advisor on Auto Insurance and Pensions

Ontario is appointing David Marshall as Advisor on auto insurance and pensions, starting Feb. 1, 2016. As an advisor to the Minister of Finance, Marshall will provide recommendations to the government on further ways to reduce auto insurance costs in Ontario, as well as guidance on implementing the Ontario Retirement Pension Plan (ORPP).

Marshall has served as the President and CEO of the Workplace Safety and Insurance Board (WSIB) for the last six years. Marshall will apply the expertise he developed at WSIB in active claims management practices to identify additional opportunities for auto insurance reform. The goal of these reforms is to lead to better health outcomes, lower costs and more affordable insurance premiums.

As a former Deputy Minister of Public Works and Government Services Canada and Deputy Receiver General, Marshall will bring his expertise in administering the federal government’s employee pension plan, as well as his experience managing the operations and technology of the Employment Insurance Fund, to support the government’s commitment to simple, reliable and cost-effective ORPP administration.

Reducing auto insurance rates and implementing the ORPP are key initiatives in the government’s plan to build Ontario up. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic, innovative environment where business thrives and building a secure retirement savings plan.

Quick Facts

  • Prior to joining the WSIB, Marshall served in several senior executive roles in both the public and private sectors. In the Government of Canada, Marshall has served as Assistant Auditor General of Canada, Assistant Deputy Minister at Revenue Canada, Assistant Deputy Minister at Employment and Immigration Canada, Deputy Receiver General and Deputy Minister of Public Works and Government Services. In the private sector he has held the post of Vice Chairman of CIBC responsible for the bank’s mortgage, insurance and credit card businesses as well as global operations. His appointment is for a one-year term with an opportunity to renew for another year.
  • Affordable auto insurance is important to Ontario’s more than 9.5 million drivers who rely on cars to get to work, school and take part in community activities.
  • The ORPP will help close the retirement savings gap for the two out of three Ontarians who do not have a secure workplace pension plan. The ORPP will expand pension coverage to about 3.5 million workers, providing a predictable and reliable stream of retirement income.

Additional Resources

Quotes

Charles Sousa

“David Marshall’s expertise in management and operational planning will help guide our work reducing auto insurance rates for Ontarians. His proven success in improving organizational structure and investment will be a welcome asset in the implementation of the ORPP. These are two important streams of work, which will enable Ontarians to lead more safe and secure lives.”

Charles Sousa

Minister of Finance

Mitzie Hunter

“My goal is to build a secure, sustainable pension plan for Ontario workers. David Marshall’s guidance in setting up the Ontario Retirement Pension Plan will help ensure that we develop the best operational approach possible for the people of this province.”

Mitzie Hunter

Associate Minister of Finance

The Co-operators acquires Browning Insurance Ltd.

GUELPH, ON, Oct. 5, 2015 /CNW/ – Co-operators General Insurance Company announced today that its wholly-owned subsidiary has purchased Browning Insurance Ltd. in Chatham, Ontario. The brokerage’s portfolio includes personal and commercial insurance policies.

Current clients of the brokerage will be notified of the change in ownership and their existing insurance coverage will remain in effect with no changes to their premiums or coverage for the current term of their policies. As current policies expire, clients will be offered comparable policies from The Co-operators.

“We’re pleased to be strengthening our presence and growing our agency distribution system in Chatham and across the country, which is part of our growth strategy,” said Kathy Bardswick, president and CEO of The Co-operators. “Our new clients will benefit from the wide range of insurance and financial products, as well as the expertise, offered by Co-operators advisors.”

Clients will enjoy the exemplary service of a leading national insurance co-operative and have access to a full suite of insurance products including home, auto, life, travel, commercial and farm insurance.

About The Co-operators:
The Co-operators Group Limited is a Canadian-owned co-operative with more than $40 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products.

The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the 50 Best Employers in Canada by Aon Hewitt; Corporate Knights’ Best 50 Corporate Citizens in Canada; and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean’s magazine. For more information please visitwww.cooperators.ca.

SOURCE The Co-operators

For further information: Leonard Sharman, The Co-operators, 519-767-3937

First of its kind resource centre in Canada designed to educate and help prevent the estimated 45,000 collisions that occur with wildlife every year.

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Towers Watson to Acquire Brovada

ARLINGTON, Va.–(Business Wire)–Towers Watson (NASDAQ:TW), a global professional services company, announced it has signed a definitive agreement to acquire Brovada, a Canadian insurance technology business. The acquisition will enhance Towers Watson’s position as a leading insurance software provider.

Brovada focuses on streamlining the communications between insurance agents and brokers, and property & casualty insurance carriers, and provides a connectivity platform easily integrated with both modern and legacy policy administration systems to allow for seamless transactions.

“Brovada is a dynamic organization that has developed an exciting technology that will fit well with Towers Watson’s portfolio of software,” said Eric Speer, global leader for Towers Watson’s Risk and Financial Services business segment. “The addition of the BrovadaOne platform will enable us to offer insurers a broader suite of products via software-as-a-service and cloud-based technologies.”

Founded in 2003, Brovada is well known for the BrovadaOne platform, which provides a complete solution for integrating and automating interactions between insurers, and their agents and brokers. Brovada is headquartered in Rothesay, New Brunswick, Canada, with additional offices in Moncton and Toronto.

“We have experienced strong growth at Brovada by providing great software with a strong customer focus. Joining Towers Watson will enable Brovada to accelerate the reach of our software into new markets and continue that growth,” said Karl Greenlaw, founder and CEO of Brovada. “Additionally, our two firms have a common commitment to excellent client service and innovation that will benefit both our clients and employees.”

The purchase price is $15.24 million USD and the transaction will have no material impact to fiscal year 2016 earnings. The transaction is expected to close in the coming weeks.

About Towers Watson

Towers Watson (NASDAQ: TW) is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With 16,000 associates around the world, the company offers consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management. Learn more at towerswatson.com.

About Brovada

Brovada specializes in connectivity, integration, and business process improvement for property & casualty (P&C) insurance carriers, managing general agents, and insurance brokers and agencies. Our capabilities include portals, policy and claim system conversions and integrations, book portfolio transfers, and upload and download. As the leader in P&C connectivity, we are committed to transforming the way the insurance industry does business. Learn more at http://canada.brovada.com/.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements and other forward-looking statements in this document by words such as “may,” “will,” “would,” “expect,” “anticipate,” “believe,” “estimate,” “plan,” “intend,” “continue” or similar words, expressions, or the negative of such terms or other comparable terminology. These statements include, but are not limited to, the benefits of the business combination transaction involving Towers Watson and Willis Group, including the combined company’s future financial and operating results, plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of Towers Watson’s and Willis Group’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements.

The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the ability to obtain governmental approvals of the transaction on the proposed terms and schedule; the failure of Towers Watson stockholders and Willis Group shareholders to approve the transaction; the failure of the transaction to close for any reason; the risk that the businesses will not be integrated successfully; the risk that anticipated cost savings and any other synergies from the transaction may not be fully realized or may take longer to realize than expected; the potential impact of the announcement or consummation of the proposed transaction on relationships, including with employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; significant competition; compliance with extensive government regulation; the combined company’s ability to make acquisitions and its ability to integrate or manage such acquired businesses. Additional risks and factors are identified under “Risk Factors” in Towers Watson’s annual report on Form 10-K filed on August 14, 2015, and under “Risk Factors” in the joint proxy statement/prospectus filed on August 27, 2015, each of which is on file with the Securities and Exchange Commission.

You should not rely upon forward-looking statements as predictions of future events because these statements are based on assumptions that may not come true and are speculative by their nature. Neither Towers Watson or Willis Group undertakes an obligation to update any of the forward-looking information included in this document, whether as a result of new information, future events, changed expectations or otherwise.

 

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