Middle market and non-specialty insurers will be the central targets of consolidators into 2024, and some may even withdraw entirely from the P&C insurance market, suggested Phil Cook, P&C consultant and chairman of Omega Insurance Holdings Inc. at the Insurance…
The P&C hard market isn’t going to soften anytime soon, but it will stabilize, suggested Phil Cook, P&C consultant and chairman of Omega Insurance Holdings Inc. at the Insurance Institute of Canada’s Industry Trends & Predictions: 2023 webinar. Why? The industry’s…
Insurers who use big data and artificial intelligence to make underwriting decisions must be prepared to explain to clients and regulators exactly how they arrived at those decisions, an Insurance Institute of Canada researcher suggests. “A challenge in the application…
COVID-19 has shifted the Insurance Institute of Canada’s April exam session into the first three weeks of June, a move that affects students taking winter semester courses in the Institute’s Chartered Insurance Professional (CIP), General Insurance Essentials (GIE) and Risk…
If Trimont Financial Ltd. acquires Western Financial Group, Desjardins Group officials will have “more time to focus on further integrating State Farm,” MSA Research Inc. suggested in a recent report released Tuesday. “Slowly but surely, the complexion of the industry…
The annual CIP Society Fellows’ Golf Tournament took place on Monday, June 6 at Wyndance Golf Club in Uxbridge, Ontario. Although a bit windy, the rain held off and the sun shined for golfers. This year, the winning team was…