Canadian Underwriter


A bearded young man studying a computer screen displaying images of the earth with moving graphics. He’s surrounded by out of focus, colourful displays and reflections showing moving global graphics that are out of focus. News ClaimsInsuranceRiskTechnology

Hacker U, leaked nudes and AI: predicting 2024 cyber threats

December 5, 2023 by David Gambrill

Hacking courses for amateurs, leaked nudes and AI-supported scams are popular cyber threats identified in dark web forums, a cybersecurity firm has warned. NordVPN is a global virtual private network (VPN) service provider founded in 2012. It establishes secure digital…

Diversity in the office News EmploymentInsuranceLegislation / RegulationProfessional DevelopmentRisk

Is your board looking at their own diversity?

December 5, 2023 by Jason Contant

It’s no longer sufficient for insurance industry board members to talk about diversity across the organization — boards need to actively look at their own diversity and address any gaps, KPMG suggested in a recent thought leadership piece.  “To build…

Financial volatility News Earnings / RatingsInsurance

How P&C investment returns will impact carriers in 2024

December 5, 2023 by Alyssa DiSabatino

While repricing risk has no doubt helped P&C insurers improve profitability, investment returns driven by a higher interest rate environment are increasing insurers’ profits globally, a new Swiss Re sigma report shows.  And yet, most carriers will not earn their…

International taxes News InsuranceLegislation / Regulation

Canadian multinational insurers warned of new tax rules

December 4, 2023 by David Gambrill

As if P&C insurers don’t have enough regulatory issues on their plate, tax experts are urging multinational insurers based in Canada to be aware of new international tax rules featuring a minimum global tax rate. “The global tax environment is…having…

Businessman on a call in the office News BrokersInsuranceTechnology

How underwriters can expedite the submission process for brokers

December 4, 2023 by Alyssa DiSabatino

Underwriters can use generative AI to help speed up their turnaround times with their broker partners, says an insuretech executive.   Underwriters can use insurtech platforms, or generative AI tools like Chat GPT, to input their submissions, along with a…

Aerial view of the Laurentian Mountains in Quebec News ClaimsClaims Canada

1,000 homes evacuated in Quebec’s Laurentians region over fears dike could burst

December 4, 2023 by The Canadian Press

MONTREAL – Residents of two municipalities in Quebec’s Laurentians region have been ordered to leave their homes because of the risk a nearby dike could burst. The evacuation order was issued Sunday night for about 1,000 homes near the Kiamika…

Social media hiring News EmploymentInsuranceProfessional DevelopmentTechnology

Why you should use consumer advertising to recruit talent

December 4, 2023 by Jason Contant

Canadian P&C insurance industry companies may want to consider leveraging existing consumer advertising tactics, including social media channels like TikTok, and apply them to recruitment efforts. It’s no secret the industry continues to face a ‘war for talent,’ particularly as…

Business for sale sign. News BrokersInsurance

What a buyers’ market means for brokerage M&A

December 1, 2023 by David Gambrill

How can consolidators afford to buy brokerages when interest rates on bank loans to finance deals have steeply increased? Firms that are actively engaged in brokerage buying and selling told CU they have become more selective. “We are getting a…

Heavy equipment being moved as work continues on the Trans Mountain pipeline. News Commercial LinesLegislation / RegulationMarkets / CoveragesRisk

Shipper costs to rise as regulator approves preliminary interim Trans Mountain tolls

December 1, 2023 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – The Canada Energy Regulator has approved preliminary interim tolls that would see oil companies pay nearly twice as much to ship crude on the expanded Trans Mountain pipeline as what was estimated in 2017. In a decision issued…

Damage from post-tropical storm Lee in New Brunswick News CatastrophesClaimsClaims CanadaInsurance

How this year’s hurricane season ranks

December 1, 2023 by Jason Contant

The 2023 Atlantic hurricane season has officially come to an end, ranking fourth for the most named storms in a year since 1950. The above-normal season, which officially ended Nov. 30, saw 20 named storms, including seven hurricanes and three…

Bar graph displaying economic recovery News Insurance

Where P&C experts stand with their economic outlooks

December 1, 2023 by Alyssa DiSabatino

Economic uncertainty is abound in the P&C industry, and that means companies should take extra care to properly price their exposures, experts said during a Canadian Underwriter webinar last Wednesday. And those on the ground are feeling the precariousness as much…

News Insurance

Paid Fostering Resilience: The Crucial Role of Trust in Your Insurance Partner

December 1, 2023 by Glen Hopkinson, CEO, AXA XL Canada

With its vast expanse of nearly 10 million square kilometers (3.9 million square miles), Canada stands as the world’s second-largest country by land area. It boasts a multitude of diverse industries, each brimming with unique risks, spanning across every province…