Keyword
interest rates
Where rising interest rates will lead insurers in 2022-23
July 15, 2022 by Alyssa DiSabatinoEconomic slowdown and high inflation will weigh down insurance market growth in 2022-23, primarily affecting property and auto insurers; still, rising interest rates may actually be a silver lining for insurers, Swiss Re Institute’s latest sigma report notes. Swiss…
Bank of Canada governor says he won’t ‘rule anything out’ on rates
April 22, 2022 Adena Ali - THE CANADIAN PRESSTORONTO – On a day when the Federal Reserve spooked markets with its tough talk on interest rates, Bank of Canada governor Tiff Macklem says he won’t “rule anything out” when it comes to the central bank’s own interest rate…
What higher interest rates mean for the P&C industry
April 14, 2022 by David GambrillWhen the Bank of Canada hiked interest rates a full half point on Wednesday, at first blush, it seemed Canada’s P&C industry might benefit from the inflation-curbing measure by garnering greater returns on their investments. But it’s not that straightforward,…
Increased productivity, business investment, needed to temper inflation
February 9, 2022 The Canadian PressOTTAWA – The governor of the Bank of Canada says higher interest rates are coming, but businesses also need to boost productivity to help keep rising prices in check over the long term. Tiff Macklem, speaking virtually at a Canadian…
How long will the haul be for Canada and the pandemic?
November 9, 2020 by Adam MalikA second wave of the COVID-19 pandemic is gripping parts of Canada and it will likely be well into next year until we come out of it, an expert predicts. And the longer things drag on, the worse it bodes…
Aon exec discusses industry ‘sins’ and puts COVID claims into perspective
September 16, 2020 by Adam MalikRiding the wave of high interest rates years ago, some P&C insurers and reinsurers overlooked their escalating combined ratios, an industry exec recently observed during a webinar. And that’s coming back to bite the industry now that the global COVID-19…
COVID-19 compounds ongoing real estate insurance challenges
September 8, 2020 by Adam MalikThe global pandemic isn’t necessarily causing a large number of problems around insurance issues in the real estate sector, but it’s clogging up the pathway to making things better. “The way we’re thinking about real estate and insurance is that,…
The underrated factor pushing down the industry’s profitability
January 22, 2020 by Greg MeckbachThe impact of low interest rates on insurer profitability is something that warrants more discussion, suggests a senior executive with one of the world’s largest reinsurers. “This is something that significantly impacts the profitability of the insurance and reinsurance industry,…
The mirage of high returns
December 10, 2019 David Gambrill, Editor in ChiefIt could be decades before insurers make decent returns on their investments. Why Canadians pay higher premiums when interest rates are low…
Twenty more years of low interest rates? What that and a recession will mean for Canadian P&C insurers
October 4, 2019 by David GambrillIf P&C insurers are looking to use their investment returns to offset inadequate pricing strategies, Swiss Re has a chilling prediction for them – low interest rates could be with us for another 20 years or longer. Jerome Jean Haegeli,…
What needs to happen before interest rates rise
January 9, 2019 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The Bank of Canada left its trend-setting interest rate unchanged at 1.75 per cent Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming months. Before long, however, the central bank expects…
Interest rates might not rise next month: Analysts
December 19, 2018 Andy Blatchford - THE CANADIAN PRESSOTTAWA – Cooling inflation has given the Bank of Canada another reason to keep interest rates on ice next month. The annual pace of inflation slowed in November to 1.7 per cent as upward pressure from higher gasoline prices eased…