Industry

This might drive additional insurers to demutualize

Mutual insurers that are concerned about their small size placing them at a competitive disadvantage could choose to follow in the footsteps of Economical and start the demutualization process, suggests an executive who is looking to invest about $500 million from Canadian pension funds into carriers. “Many of the small to medium-sized mutual companies suffer […]

By Greg Meckbach | October 30, 2019

3 min read

How the industry is mobilizing ‘small armies’ to help reduce flood risk

Intact’s Centre on Climate Adaptation is “zeroing in” on flood risk mitigation, educating professionals in other industries about flood risk so that more eyes are watching out for dangers in homes across Canada. Blair Feltmate, head of the Intact Centre on Climate Adaptation at the University of Waterloo, pointed to successful efforts in working with […]

By Adam Malik | October 30, 2019

3 min read

Canada holds interest rate while U.S. fed makes cut

OTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday, leaving the country as an exception compared to other advanced economies that have begun to respond to a weakening global economy. In its explanation, the central bank argued that inflation is on target and the domestic economy has held up well […]

By Greg Meckbach | October 30, 2019

3 min read

War for talent: Does the P&C industry need reinforcements?

It’s getting ugly out there in the war for talent in Canada’s property and casualty insurance industry. Signs of strain on the industry’s existing staff resources have been reported in all segments of the industry over the past year, be it in brokerages, underwriting divisions or claims departments. It seems everyone has a story to […]

By David Gambrill | October 30, 2019

3 min read