May 29, 2023
Toronto, May 29, 2023 – The Insurance Brokers Association of Canada (IBAC) is pleased to announce that HSB Canada, part of Munich Re, has maintained its support of the Broker Identity Program (BIP) at the Full Partner level.
HSB Canada’s sponsorship will support IBAC’s Broker Identity Program (BIP), a national advertising campaign that raises awareness of the significant value that insurance brokers provide for their clients – choice, advice and advocacy.
In addition, their investment will contribute to important IBAC initiatives including IBAC’s technology leadership, professional development of the broker workforce, and our strong and effective federal advocacy to maintain the separation of banking and insurance, which protects consumers and promotes a fair and competitive marketplace.
“A strong independent broker network is crucial to the health and success of the insurance industry. HSB Canada fully supports IBAC’s endeavours to advocate on behalf of our broker partners to government and the greater community”, said Tammy Parris, AVP Regional Offices and Insurance Operations for HSB Canada.
IBAC Chief Executive Officer Peter Braid added: “We greatly appreciate HSB’s renewed investment and their commitment to the broker channel. Their support underscores the importance of leveraging our collective voice to promote consumer protection and advocate for the best interests of brokers, consumers, and the insurance industry.
About HSB Canada
HSB Canada, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB Canada’s insurance offerings include equipment breakdown, cyber risk and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 150-year history HSB’s mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers. HSB holds A.M. Best Company’s highest financial rating, A++ (Superior). Connect with HSB Canada on LinkedIn, Twitter and Facebook.
Founded in 1921, the Insurance Brokers Association of Canada is the national voice of property and casualty insurance brokers, advocating for the interests of both insurance brokers and consumers to the Government of Canada. The Broker Identity Program (BIP) was launched in 1988 to promote the value and professionalism of the insurance broker to consumers, insurers and governments.
For further information, please contact:
Denys Bégin, Manager, Marketing & Communications
Insurance Brokers Association of Canada
416-367-1831 ext. 160 or [email protected]