Canadian Underwriter

AM Best

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How this ratings agency views the Canadian MGA market

October 10, 2023 by Jason Contant

Ratings agency AM Best will likely maintain its positive outlook on the global delegated underwriting authority enterprises (DUAE) market, an executive said Friday during AM Best’s Canada Insurance Market Briefing in Toronto. “On Dec. 5, 2022, we did assign a

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Why Canadian P&C profitability is improving: AM Best

September 8, 2022 by Alyssa DiSabatino

Good overall underwriting results and solid risk-adjusted capitalization left the industry in a resilient position in 2021, despite the headwinds Canada’s P&C industry has faced in the last two-and-a-half years, according to AM Best’s Canada Market Segment Report.  Headwinds the

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More than eight in 10 Canadians admit they drive distracted

April 11, 2022 by Alyssa DiSabatino

Eighty-three per cent of Canadian drivers engage in at least one distracted driving behaviour, and this has only increased in the past year, finds a recent survey. But distracted driving doesn’t come without its costs.   Non-digital distractions lead the

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Post-pandemic trends in auto insurance

April 4, 2022 by Alyssa DiSabatino

While it may be too early to tell how the end of provincial COVID-19 restrictions are influencing auto insurance claims, industry experts are bracing for higher claims severity, a return to pre-pandemic levels of traffic, higher auto rates due to

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Why auto insurance premiums may be on the rise

April 1, 2022 by Alyssa DiSabatino

Inflation hit a multi-decade high of 5.7% this February. Industry observers warn this could go even higher before it goes lower, and the auto insurance industry is not immune to it.   How long will it be before drivers feel the

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Why A.M. Best sees the global reinsurance market as ‘stable’

August 13, 2020 by Jason Contant

Months into the COVID-19 pandemic, reinsurance industry observers are seeing a mixed forecast ahead and it’s too early to tell how the pandemic will affect rating actions, according to a recent A.M. Best webinar. “Obviously, the situation has gotten complicated