Industry
Munich Re Canada president and CEO Klaus Wilkens will join Insurance Bureau of Canada’s board of directors, the association announced Wednesday. Wilkens was appointed president and CEO of Munich Reinsurance Company of Canada and Temple Insurance in April 2024. He’s been with the company for nearly 30 years, since he first joined as a casualty […]
By Alyssa DiSabatino | August 8, 2024
1 min read
While 2023’s year-end results were largely good news for Canada’s P&C insurers, even those seeing good annual earnings have reasons to stress.
By Phil | August 8, 2024
4 min read
JASPER, Alta. — Officials from Parks Canada say crews are making good progress on tackling the wildfire in Jasper National Park but expect some firefighting to continue into the fall. During a virtual press conference Tuesday, agency incident commander Landon Shepherd told reporters rain has helped firefighters battle the blaze that burned into the Jasper […]
By David Gambrill | August 7, 2024
3 min read
Back to School is on the horizon, so it's a good time for insurance brokers to refresh clients on driving and speed safety in school zones
By Phil | August 7, 2024
CALGARY — Parts of the domestic terminal building at the Calgary airport are closed due to damage caused by hail and heavy rainfall. The Calgary International Airport said in a post on social media the work has started to clean up the water and assess the damage. However, parts of the domestic terminal will remain […]
By David Gambrill | August 6, 2024
Canada's P&C insurance industry is struggling to make sense of how reporting under IFRS-17 makes results incomparable.
By Phil | August 6, 2024
Beyond pressures seen in the personal lines auto and property markets, the industry will need to keep its eye on several things in 2024.
By Phil | August 2, 2024
2 min read
Post IFRS-17, the industry has worked hard to build transparent KPIs for reporting financial results, but they can be misinterpreted.
By Phil | August 1, 2024
Intact writes 27.2% of auto premiums in Alberta. But the national insurer says the province's rate cap is making its appetite reduce.
By Alyssa DiSabatino | July 31, 2024
A fire caused when batteries from a lawnmower and weedwhacker consumed a home in Strathcona County, east of Edmonton, Alta. earlier this month are a stark reminder of the risks posed by lithium-ion batteries. The homeowner escaped unharmed but the house is said to be ‘a write-off,’ according to reports from Global News and other […]
By Phil | July 31, 2024
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