Canadian Underwriter

Keyword
rate increases

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Home, auto rate increases in 2023 “highest…seen in years.”

January 26, 2024 by David Gambrill

Canadian auto insurance rates increased 10% in 2023 compared to 2022, and similarly home insurance rates saw an increase as well — up 6.6% last year, according to the latest release of the Applied Rating Index. “The close of 2023

Passing a baton to represent reinsurers passing rising costs to consumers.
News InsuranceReinsurance

Will reinsurers pass rate increases to consumers?

July 20, 2023 Alyssa Di Sabatino

Reinsurers reached a tipping point during their January renewal cycle that saw primary insurers bearing larger-than-usual rate increases. Which had the industry asking: How much of these reinsurance increases will make their way down to consumers? And do insurers have

Feature Brokers

Juggling priorities

July 3, 2019 The CIP Society, The Insurance Institute of Canada

How a hard market can turn conflicting priorities into an ethical issue

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Economical reports 12.8% increase in gross written premiums in Q2 2017, 8.3 point increase in combined ratio to 112.8%

August 4, 2017 by Canadian Underwriter

Economical Insurance reported a 12.8% increase in gross written premiums (GWP) in the second quarter of 2017 to $660.6 million, driven by strong personal lines growth, including contributions from Sonnet and Petline. “While we generated significant growth in gross written

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Mixed North American commercial insurance market still favours buyers: Willis Towers Watson report

October 26, 2016 by Canadian Underwriter

The marketplace for property, casualty and other lines of commercial insurance will continue to favour insurance buyers in 2017, particularly those with comprehensive strategic risk management and risk transfer strategies, global advisory, broking and solutions company Willis Towers Watson (WTW)