Segment
Underwriting
How cyber pricing is trending for large Canadian companies
January 25, 2024 by Jason ContantLarge corporate cyber clients in Canada saw pricing decreases last year and one cyber underwriter expects the market for those risks will flatten out in 2024. “In 2023, we did see some fairly significant softening in the market; prices were…
How firms are training tomorrow’s talent
January 8, 2024 Alyssa Di SabatinoIntermediate and senior underwriting positions are opening up across the industry. That has firms looking for ways to cultivate junior underwriters into successive roles. The issue, though, is that learning curves can be steep for new hires. Up-and-coming underwriters are…
2024 Executive Outlook |Matthew Turack, CAA Insurance, Echelon Insurance, Orion Travel Insurance
December 28, 2023 Canadian Underwriter StaffMatthew Turack, Group President, CAA Insurance, Echelon Insurance, Orion Travel Insurance Collaboration will be key for the insurance industry in 2024. We are seeing complex issues take hold that cannot be solved by one organization, industry or sector. The rising rate…
2024 Executive Outlook |Bernard McNulty, Allianz Commercial
December 26, 2023 Canadian Underwriter StaffBernard McNulty, Chief Agent, Canada, Allianz Commercial Many challenges our industry faced in 2023 will continue to be headwinds in 2024. These include climate change/natural catastrophes, cybercrime and inflation. The industry’s talent shortage will also continue to be a challenge in 2024.…
2024 Executive Outlook |Anna McCrindell, Wawanesa Insurance
December 22, 2023 Canadian Underwriter StaffAnna McCrindell, senior vice president, COO – East, Wawanesa Insurance This year challenged insurers and our broker partners. Inflation and macroeconomic pressures drove up costs, auto thefts reached new and troublesome levels, and climate change resulted in a devastating wildfire season…
2024 Executive Outlook | Jamie Lyons, Westland Insurance
December 22, 2023 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 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 | Louis Gagnon, Intact Financial Corporation
December 20, 2023 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 | Philomena Comerford, Baird MacGregor
December 19, 2023 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…
How insurers can manage losses as NatCat events ramp up
December 18, 2023 Philip PoradoWhatever’s driving increasingly devastating storms over the past decade, one thing is certain — insurers have watched NatCat losses ramp up over the past decade. “It used to be an unusual year where you’d have more than a billion dollars…
How COVID-19’s wane could change commercial real estate coverage
December 13, 2023 Philip PoradoReal estate pundits, including panellists at a Columbia University School of Business discussion early this year, are sounding the alarm about North America’s downtown cores. They’re predicting employees will shun return-to-office mandates, sparking tenancy death spirals for commercial lessors that…
How to recruit underwriters when job candidates get multiple offers
November 30, 2023 Alyssa Di SabatinoCompetition for available qualified underwriting talent is fierce. “We’ve got candidates in the mix that will often have two or three offers in hand,” said Stefan Rolfe, associate director of insurance at Impact Recruitment. “And they can often bounce one…