Chapter 10 Flashcards
Insurance institute of Canada
Area that deals with education for insurance.
Different studies, courses.
Insurance Bureau of Canada
Advocating industry positions with consumers, government, members and stakeholders.
Statistics - web based insurance industry
Institute for Catastrophic Loss Reduction
Part of university western Ontario.
Figure out how to reduce or understand catastrophic weather.
Centre for Study of Insurance operations
An associate of P&c insurers, brokers and software providers. Streamline the job of the insurance industry- improving efficiency
Underwriters Laboratories of Canada
An independent not for profit organization that operates labs and certifies service for examinators and testing. Also to determine service the impact of fire in organic and hazards.
Insurance Brokers Association of Canada
Not for profit trade associations that is the national body of Canada organized brokers. Voluntary membership.
Provincial Brokers Association
Insurance brokers specific to a province.
Canadian Independent Adjusters Association
Promote and liaise with Adjusters.
Canadian insurance claims manager’s Association
Enhances the insurance industry in matters relating to claims settlements through a high standard of ethics in claims handling.
When subrogation against other insurance companies. Use them for litigation
Facilities Association
Insurance for high risk drivers. Pooling arrangement of money from provinces (not MPI) and then drivers can get insurance. Once they are a better driver they can get normal insurance.
Good Service
A good reputation
Range of coverage
Accurate accounting
Good handling of claims
Appropriate handling of complaints
Capacity is the ability to provide a full range of insurance protection clients.
Professional in Claims
Identify, fair, knowledgeable and objective
Provide written statements
Explain coverages
Leave legal advice to lawyers
Gather consent
Active listening
