Industry

Insurers pledge small business help as pressure mounts to address rising rates

A group representing Canadian insurance companies say it is launching a team that will help small businesses find affordable coverage as rates rise because of the pandemic. The Insurance Bureau of Canada, an association that represents the industry, says the team will start its work by focusing on helping the hard-hit hospitality sector in Ontario. […]

By Jason Contant | October 29, 2020

2 min read

How COVID made it easier to win the ‘war for talent’

If there’s a silver lining to the COVID-19 pandemic, it’s that the pandemic might actually aid in talent acquisition – even if that talent comes from outside Canada. It’s no secret there’s an ongoing “war for talent” in Canada’s property and casualty insurance industry. But the pandemic has allowed recruiters to leverage technology spawned by […]

By Jason Contant | October 28, 2020

3 min read

Aviva boss wants more trust placed on science

Trusting science to help address climate change, and rebuilding more resilient communities after natural catastrophes are uppermost in the mind of Aviva Canada’s leader these days. “Scientists can tell us more than ever before about catastrophic storms, including precisely when they will hit; exactly what wind speeds they will deliver and for how long; how […]

By Adam Malik | October 28, 2020

2 min read

Bank of Canada holds rate steady, says COVID-19 economic recovery likely by 2022

OTTAWA – The Bank of Canada is keeping its key interest rate on hold as it says the country’s economy won’t fully recover what was lost to COVID-19 until 2022, with the road to there dependent on the path of the pandemic. The central bank is holding its overnight rate target at 0.25 per cent. […]

By Jason Contant | October 28, 2020

1 min read