Trisura Cyber Policy Ranked Among the Best in Canada

Trisura Cyber Policy Ranked Among the Best in Canada

By Sara Ametrano

 

Comprehensive cyber coverage is proving more and more crucial each year as hackers continue to become increasingly sophisticated and successful in their attacks. Insurance Business Canada recently surveyed brokers across the nation to uncover the best cyber policies on the market. The publication revealed the top 17 carriers, which included Trisura Guarantee Insurance Company.

Smiling woman with brown hair and blazer in front of buildings backdrop.

Angela Feudo, manager of professional solutions, Trisura.

Trisura’s manager of professional solutions, Angela Feudo, believes the organization’s cyber policy win is a testament to its customization ability. “At Trisura, we really listen to the insured and broker to ensure we understand what they are looking for,” she explains. “Working closely together allows us in to find the right solutions for their unique needs.”

In an ever-changing market, cyber insurance policies have had to adapt. There was a pressing need for policy structures to sustain future losses. With many individuals and companies working remotely for nearly two years, risks were greater, as was the need for education and training. “There is a greater awareness among organizations about cyber threats and, as a result, there have been improvements made around cyber security controls,” Feudo says.

As for what comes next, Trisura’s resident cyber expert anticipates there will be further market growth due to reliance on technology through process automation and internet connectivity. “The exposure for these businesses will grow and evolve and so must the insurance products that protect them. There will also be continued focus on not only cyber security controls, but also the use of cyber experts to aid in risk selection.”

Past cyber struggles and future challenges for the Canadian market are not necessarily unique. The global market must also be prepared to adapt, as Feudo notes, “cyber risk doesn’t have borders.”

About the 5-Star Cyber Awards:

Over the course of 15 weeks, Insurance Business Canada conducted one-on-one interviews with brokers and surveyed thousands more within the publication’s network. Brokers shared their thoughts on current cyber offerings and the most important policy features.

The top carriers were determined based on how they were rated in the following categories:

  • Relationships with brokers
  • Claim-handling abilities
  • Underwriting expertise
  • Product strength

For the official 2021 5-Star Cyber Awards report, click here.

Trisura Guarantee a 2021 Five-Star Carrier

Trisura Guarantee a 2021 Five-Star Carrier

By Sara Ametrano

 

Trisura Guarantee has been named a 2021 Five-Star Carrier by Insurance Business Canada. This marks the fifth consecutive appearance for the organization on the annual list.

“Everyone at Trisura strives to create an exceptional experience for our broker partners,” says Richard Grant, Trisura’s chief operating officer. “Being named a Five-Star Carrier for the fifth year in a row is truly an honour.”

The list, now in its sixth installment, is determined based on brokers’ votes across 10 categories. Brokers are asked to rate carriers on a scale of one to five in each area. To be named a Five-Star Carrier, insurers must receive an average score of 4.00 or greater in at least one of the categories:

  • Competitive rates
  • Overall service level
  • Underwriting expertise
  • Range of products
  • Claims processing
  • Quick quotes
  • Appetite for niche and emerging risks
  • Broker communication
  • Product innovation
  • Online platforms and services

This year, Trisura was named a Five-Star Carrier in all 10 categories!

“We are all very appreciative to be recognized in all categories, as we take great pride in our relationships and dedication to your success,” Richard says. “Thank you to all who voted. We will continue to do our best to meet your needs and work together to find solutions for you and your clients.”

In addition to revealing the top carriers, the report also unveiled the areas that are most important to brokers when securing a carrier partner. The three most important aspects are: competitive rates (65%), overall service level (64%) and underwriting expertise (56%). Both competitive rates and underwriting expertise were top-priority items in the 2020 report as well.

To learn more about this year’s Five-Star Carrier list, and selection process, view the Insurance Business Canada article here.

And the Excellence in Professional Liability Award Goes To…

And the Excellence in Professional Liability Award Goes To…

By Sara Ametrano

 

Over the last several months, Insurance Business Canada has been on a mission to determine the leading carriers for professional liability coverage in the country. Trisura is happy to report that we have made the inaugural list!

“We are thrilled to be recognized as a Five-Star Carrier for professional liability,” Marilyn vanGansewinkel, Trisura’s senior vice president of specialty insurance solutions says. “Trisura always strives to create positive experiences for our broker partners, providing tailored solutions to meet their unique needs.”

To determine the winners, the magazine conducted extensive research, surveys and one-on-one interviews with brokers to determine the nation’s leading professional liability providers. Information was gathered for a variety of categories, and Trisura is one of just two organizations to be selected as a top carrier for all of the categories:

  • Private E&O
  • Private EPLI
  • Private D&O
  • E&O Lawyers
  • E&O Design
  • E&O Accountants
  • E&O Medical
  • E&O Construction
  • E&O Non- profit
  • Public E&O
  • Public EPLI
  • Public D&O
  • Claims
  • Underwriting

What is professional liability insurance?

Professional liability insurance protects against allegations of negligence in the performance of a business’ professional services. The client may seek financial compensation if they believe the organization failed in their professional services that caused a financial loss.

What Trisura can do:

As we do with our other products, Trisura can tailor the professional liability coverage to fit each specific class of professional that we insure. Trisura takes a unique approach to all claims and provides expertise and solutions so organizations and individuals can quickly return to their business.

About the Insurance Business Canada Five-Star Carrier in Professional Liability Awards:

Over the span of 15 weeks, Insurance Business Canada conducted research, surveys and interviews with thousands of brokers to determine the country’s top carriers. The criteria used for scoring carriers included: relationships between parties, ability to handle claims, underwriting expertise and the products provided. Access the complete list of winners and more information on the awards here.

To learn more about Trisura’s professional liability coverage, click here. Or, talk to one of our experts today! Contact us.

Trisura Guarantee President and CEO makes Global 100 List

Trisura Guarantee President and CEO makes Global 100 List

Chris Sekine, Trisura Guarantee’s President and CEO, has been named a top insurance industry leader by Insurance Business. The publication has released its second-annual Global 100 list, which features the finest leaders in six different markets of the industry: Canada, the US, the UK, Australia, New Zealand and Asia-Pacific.

The individuals selected for the list are key industry players that possess outstanding leadership capabilities—both internally and externally—making a difference in today’s markets to carry the industry into the new era.

Chris Sekine to build on successes of Mike George“It is truly an honour and humbling to be part of this list of prestigious list, alongside many highly esteemed insurance executives and especially those from Canada,” Chris says. “Our industry is constantly evolving, and this has never been more true than in 2020. Through the headwinds of 2020, Trisura aims to stay the course and continue to collaborate with our broker partners to ensure our service remains a step above. My sincere thanks to the tremendous team at Trisura for their dedication, support and drive. Truly, it is our entire team together that delivers and deserves the recognition.”

Chris has been with Trisura Guarantee since its inception in 2006 and led the start up of our surety operation, which as since grown to be the fourth largest writer of surety in Canada. In the spring of 2019, Chris stepped into his current position as President and CEO and he is instrumental in setting Trisura’s strategic direction and ensuring our core focus remains on specialty lines and building quality business, while providing a step above service for our select network of broker partners. Internally, Chris continues to be a champion for employees and encourages personal growth and career development.

Having worked closely with Chris for the past decade, Cindy Grant, Trisura’s Senior Vice President of Human Resources, isn’t surprised he is on the coveted list. “Since I joined Trisura in 2010, the company has flourished under the entire leadership team and more recently under Chris’s direction and guidance,” Cindy says. “Chris’s practical and visionary leadership will take Trisura well into the future – all while keeping focus on what matters most: our employees and our customers.”

Chris also appeared on the inaugural Global 100 list in 2019.

To view the official 2020 Global 100 list, click here.

Reaching for the Stars

Reaching for the Stars

By Sara Ametrano

 


The results for Insurance Business Canada’s annual Five-Star Carrier survey are in: Trisura Guarantee has made the list!

2020 marks the fourth-straight year that Trisura has been named a Five-Star Carrier. The company is also one of just four organizations to appear in every category.

“For Trisura to appear on the Five-Star Carriers list for the fourth consecutive year is truly special,” says Chris Sekine, Trisura’s chief executive officer. “We always look forward to feedback from our brokers and partners. Giving them the best experience possible in all our dealings and ensuring their success remain top priorities among all our staff. To be recognized in every category is an incredible honour and very humbling.”

The prestigious Five-Star Carriers list is now in its fifth year. The list is determined based on the votes of brokers from all over Canada. To be featured, companies have to score a minimum average of eight in at least one out of the following eight categories:

Trisura a 2020 Five Star Carrier

  • Underwriting expertise
  • Commitment to the broker distribution channel
  • Claims processing
  • Competitive rates
  • Technology and automation
  • Product training and marketing support
  • Range of products
  • Speed in providing quotes

The results also revealed the top three criteria brokers look for in a carrier: competitive rates, underwriting expertise and claims processing. These top three categories remain unchanged from last year’s survey.

For more on the Five-Star Carriers 2020 list, visit the original article here.