Hunger Pains: Intact says its ‘appetite’ in Alberta auto insurance market reducing
Edmonton, Alberta — Intact Financial Corp says its appetite for Alberta auto insurance business is “reducing” in light of the provincial auto insurance rate cap. During a Q2 2024 earnings call, Intact CEO and Director Charles Brindamour said Alberta’s “artificial cap that is below inflation” makes it “very hard for the industry.” “As a result, […]
Balancing the Books: Intact sees decrease total loss severity, Q3 2021
Toronto, Ontario — Intact Financial Corp. reported its Q3 2021 financials last week, where the auto insurer said it maintains a mid-80s combined ratio on its Canadian personal auto business, with a slight decrease in the severity of total losses. Intact said, for the third quarter of 2021, the severity of claims on auto physical […]
Remaining Intact: Insurer releases report on current state of pandemic driving habits
Toronto, Ontario — A new report from Intact Financial Corp. shows that driving levels among Canadians are on their way back up to pre-pandemic rates, but we still aren’t quite there yet. “Driving activity has been on the rise since early May,” said Isabelle Girard, senior vice president of personal lines at Intact. “We are […]
Are auto insurance apps actually helping you save more money?
By CRM Staff Toronto, Ontario – August 2, 2018 – It is a pattern that most auto insurance companies are negotiating cheaper insurance rates if drivers download an app or install a telematic device in their car. TD mentioned to Global News that, telematic programs have been proven to show a reduction of claims and […]
Intact expands Service Centre program to Ottawa
Toronto, Ontario — July 12, 2016 — Intact Insurance has announced the launch of a new Intact Service Centre in Ottawa. Intact Insurance and belairdirect customers can simply drop off damaged vehicles and leave in rental vehicles, while Intact Insurance or belairdirect makes arrangements to get the vehicle appraised, repaired and cleaned. Once the repair […]
Better customer service drives Intact’s new store in Calgary
By Jeff Sanford Calgary, Alberta — February 23, 2016 — The collision repair industry just entered a new era. Intact Insurance has opened a new service centre in Calgary that provides a new level of customer engagement when it comes to collision repair. In an interview with Collision Repair magazine, Mike Van Elsberg, Deputy Senior […]
Intact Financial posts growth in auto insurance
By Jeff Sanford Toronto, Ontario — July 30, 2015 — Insurance company Intact has just released its second quarter numbers. The company is reporting growth in its auto insurance sector. Overall, however, net income for the second quarter of 2015 was $199 million, a 7 percent decrease from $215 million in the same quarter of […]
