Topic Insurers
2024 Executive Outlook | Jamie Lyons, Westland Insurance
December 22, 2023 by Canadian Underwriter StaffJamie Lyons, president, CEO, Westland Insurance As we look ahead to 2024, it’s important to acknowledge we are coming out of a year that has been difficult for a lot of people. World events, materially higher living costs, an unsettled economy, escalating…
2024 Executive Outlook | Valerie Lavoie, Desjardins General Insurance Group
December 21, 2023 by Canadian Underwriter StaffValerie Lavoie, president, COO, Desjardins General Insurance Group The industry has faced several trials and tribulations in 2023. Supporting our clients through uncertainty with preventative and innovative approaches is a key theme in our organization as we prepare for 2024. This…
2024 Executive Outlook | Robin Joshua, Echelon Insurance
December 21, 2023 by Canadian Underwriter StaffRobin Joshua, president, Echelon Insurance Heading into 2024, we can anticipate an increasingly conservative market for commercial property insurance, driven largely by high inflation rates alongside an increased frequency of natural disasters. In 2022, natural disasters cost the insurance industry $3.1…
2024 Executive Outlook | Ben Isotta-Riches, Aviva Canada
December 21, 2023 by Canadian Underwriter StaffBen Isotta-Riches, chief distribution officer, Aviva Canada I am cautiously optimistic about 2024. Across the country, the cost-of-living crisis, inflation and climate change continue to affect Canadians and businesses. In Ontario and Quebec, vehicle theft is adding to loss ratios in personal…
2024 Executive Outlook | Christian Hutchison, McDougall Insurance Brokers
December 21, 2023 by Canadian Underwriter StaffChristian Hutchison, president, McDougall Insurance Brokers Brokers will need to focus their attention in 2024 on managing client expectations and enhanced communication, while also responding to fast-moving market and capacity changes. Brokerage mergers and acquisitions will continue at a rapid…
2024 Executive Outlook | Nick Creatura, CNA Canada
December 21, 2023 by Canadian Underwriter StaffNick Creatura, President, CEO, CNA Canada The best indication of factors that will shape the 2024 Canadian P&C insurance landscape lies in today’s headlines. Market uncertainty evident in recent years persists. Principal drivers include the now-familiar macro trends of: Climate…
2024 Executive Outlook | Lisa Giannone, BFL Canada
December 20, 2023 by Canadian Underwriter StaffLisa Giannone, president, COO, BFL Canada If we thought 2023 was a year of uncertainty faced with challenges — including transitioning market cycles, inflationary effects on the supply chain, geopolitical risks, climate change-fuelled losses and increased cybersecurity threats — we…
2024 Executive Outlook | Louis Gagnon, Intact Financial Corporation
December 20, 2023 by Canadian Underwriter StaffLouis Gagnon, CEO, Canada, Intact Financial Corporation Canada’s property and casualty insurance industry must think in terms of decades, not quarters. We are here to support brokers and customers through all market cycles. The long-term horizon has never been more important, since…
2024 Executive Outlook | Christian Fournier, Beneva
December 20, 2023 by Canadian Underwriter StaffChristian Fournier, executive vice president and leader – property and casualty insurance, Beneva With inflation continuing to affect every citizen and organization, one could say 2024 will be the same as 2023. Consumers will be living on a tight personal…
2024 Executive Outlook | Shawn DeSantis, Navacord
December 20, 2023 by Canadian Underwriter StaffShawn DeSantis, president, CEO, Navacord It is clear 2024 will bring a new set of challenges, with several themes influencing the Canadian P&C insurance industry. The economic environment is evolving. Preparing our businesses and successfully managing through the implications of higher interest…
2024 Executive Outlook | Philomena Comerford, Baird MacGregor
December 19, 2023 by Canadian Underwriter StaffPhilomena Comerford, president, CEO, Baird MacGregor Technology will continue to change the way we work, presenting both productivity opportunities and oversight challenges for our industry and our workforce. Artificial intelligence (AI) has the potential to vastly improve our industry’s efficiency, allowing us…
2024 Executive Outlook | Abraham Baboujian, RRJ Insurance Group
December 19, 2023 by Canadian Underwriter StaffAbraham Baboujian, president/co-CEO, RRJ Insurance Group 2024 will see a sense of calm and maturity in our attempts to come to grips with three issues dominating the P&C landscape — cyber, digital/technology transformation, and climate change. Cyber will continue to make…