Canada’s inflationary environment looks a lot different than one year ago, when the Bank of Canada repeatedly raised interest rates amid fears of a recession. In Canadian Underwriter’s latest What’s on Dec? podcast, Western Financial Group president and CEO Kenny Nicholls discusses the impact of recent interest rate cuts on M&A. He also looks at […]
By Canadian Underwriter | September 16, 2024
16 min read
The federal government has committed $15 million to Canada’s long-awaited national flood insurance backstop, but P&C insurers say the 2024 federal budget was light on details — and funding. Hear Alister Campbell, president and CEO of the Property and Casualty Insurance Compensation Corporation, discuss what’s needed for a government earthquake backstop now that the flood […]
By Canadian Underwriter | May 17, 2024
14 min read
Indigenous communities in Canada are disproportionately affected by flood risk. Federal government statistics show that about 10% of Canadians live in high-risk flood zones, but the inverse is true for First Nations people — 90% live in high-risk flood areas. In our latest podcast, Tyrone McNeil, president & tribal chief with the Sto:lo Tribal Council […]
By Canadian Underwriter | April 15, 2024
17 min read
In February, the federal government heeded auto insurers’ call for a summit to address the rising rates of auto theft across the country. In 2022, Canada’s P&C industry paid out $1.2 billion in auto theft insurance claims, the first time ever it crossed the $1-billion mark. Bryan Gast, vice president of investigative services with Équité […]
By Canadian Underwriter | March 18, 2024
16 min read
What’s the risk landscape look like for your hospitality clients post-pandemic? Listen as CHES Special Risk president and CEO Gary Hirst shares insights on the hospitality sector post-pandemic. He’ll discuss how different models of food delivery can affect insurance risk, and some risk management techniques to mitigate exposures in this line of business. Gary will […]
By Canadian Underwriter | February 16, 2024
13 min read
Canadian Underwriter recently asked the country’s top insurance leaders how this year will be different than 2023. A common theme we heard was that 2024 will likely look similar in terms of inflation and interest rates, hard insurance markets and the rising auto theft problem. In our second of two Executive Outlook podcasts, Wawanesa’s Anna […]
By Canadian Underwriter | January 16, 2024
16 min read
Canadian Underwriter’s 2024 Executive Outlook asked the country’s top insurance industry leaders how 2024 will be different than 2023. Many predict next year will look similar when it comes to NatCats, high inflation and interest rates, labour shortages, geopolitical conflict, hard insurance markets and rising auto theft. Hear Intact’s Louis Gagnon, Aviva Canada’s Urs […]
By Canadian Underwriter | December 19, 2023
18 min read
She’ll also discuss how to help consumers with the rising cost of insurance and whether consumers have enough choice in the insurance marketplace. Are personal lines in a hard or soft market cycle? Will parametric solutions help deal with Cat losses? Listen as Susan discusses these topics and more! Audio transcript Intro: You’re listening […]
By Canadian Underwriter | November 21, 2023
19 min read
Insurance Institute of Canada’s latest demographics research report provides a comprehensive analysis of the state of the P&C insurance industry’s workforce. Listen as Brad Neal, the Institute’s vice president of business development and strategic partnerships, dives deep into the 2022-23 report. In our eighth What’s on Dec? podcast, Brad discusses how retiring leaders can still […]
By Canadian Underwriter | October 17, 2023
17 min read
AM Best delivers a broad overview of the Canadian P&C market, taking a hard look at the property and auto insurance sectors. In our seventh What’s on Dec? podcast, AM Best senior director Greg Williams will look at what the ratings agency sees behind the numbers in property and auto. He’ll look at the challenges […]
By Canadian Underwriter | September 19, 2023
12 min read
MGAs used to be “operating in the shadows” but that has changed since the formation of the Canadian Association of Managing General Agents (CAMGA) two-and-a-half years ago. In our sixth What’s on Dec? podcast, CAMGA executive director Steve Masnyk shares his thoughts on the hard market from an MGA perspective. He also discusses compliance, minimum […]
By Canadian Underwriter | April 25, 2023
17 min read