Risk

2002 Primary Market Outlook Angst

With the Canadian property and casualty insurance industry likely to end this year with a return on equity of less than 2% — the lowest level on record — and as claim costs continue to outstrip premium growth, insurer CEOs are predicting a difficult year for 2002. Insurers are also concerned with the pending withdrawal […]

November 30, 2001

10 min read

Worth the Paper

Reinsurers do not just provide covers, they provide guarantees -- promises that they will see the contract through, and not just collect a premium. This is where a reinsurer's counter-party credit and claims-paying ability rating comes into play, especially if the risk has a long-tail or the maximum loss may be substantial.

November 30, 2001

7 min read

September 11 Will Change Canadian Insurers

The indirect consequences of the September 11 terrorist attacks on the U.S. will have a far greater impact on the insurance industry in Canada than the direct costs resulting from the tragedy. Few Canadian companies will be directly affected.

November 30, 2001

5 min read

Back Stop…or “Stopped”

With the deadline for yearend reinsurance renewals rapidly drawing near, a political game of “chicken” appears to be in play between insurers, reinsurers and the federal government. The Insurance Bureau of Canada (IBC) established a special task group following the September 11 terrorism attacks in the U.S. to establish what future risks and consequences could […]

November 30, 2001

4 min read