Segment
Underwriting
What’s driving reinsurer underwriting margins in 2023?
January 16, 2023 Philip PoradoUnderwriting margins for reinsurers will likely grow by an average four percentage points during 2023, said a new report from Fitch Ratings. Key factors for the increases are significant price rises, tighter terms and conditions, as well as the withdrawal…
Where Ontario’s 2022 fire-related deaths ranked
January 13, 2023 Philip PoradoOntario’s 133 fire-related deaths during 2022 were the highest in more than 20 years, the province’s Fire Marshal Jon Pegg said in a Jan. 3 tweet. In comparison, 2021 saw 124 fire-related deaths. There were 115 fire-related deaths in 2020…
How an Alberta election may impact decisions on captive insurance
January 12, 2023 Philip PoradoCompanies looking at the benefits of setting up an Alberta captive insurance company appear to be taking a ‘wait-and-see approach’ with respect to tax treatment. At the moment, the province’s tax authorities have indicated captives will be treated the same…
How better boards may improve cannabis companies’ D&O options
January 6, 2023 Philip PoradoImprovements in capacity in the directors and officers (D&O) insurance space, combined with a rising quality of boards of directors membership, is making coverage for cannabis producers and distributors more accessible. “We’ve seen a real shift in the experience levels…
Do Canadians want to buy insurance from their car manufacturers?
January 6, 2023 by Alyssa DiSabatinoJust over a quarter (27%) of Canadian consumers are very or somewhat interested in purchasing car insurance directly from their manufacturers, a recent Deloitte survey found. When asked what they saw as the primary benefits, almost half (47%) of interested…
2023 Executive Outlook | Shelley Willick, Sandbox Mutual
December 29, 2022 Canadian Underwriter StaffShelley Willick, president, CEO, Sandbox Mutual Insurance Continued investment in technology and more diverse product offerings will be critical to meeting consumers’ shifting expectations. The pandemic changed the way people choose to spend their time. Consequently, policyholders are demanding simple,…
2023 Executive Outlook | Rob Wesseling, Co-operators
December 29, 2022 Canadian Underwriter StaffRob Wesseling, president, CEO, Co-operators Insurance affordability and access to adequate protection will continue to be a critical issue in 2023, as climate change impacts increase in frequency and severity. We need to have a critical conversation in Canada and…
2023 Executive Outlook | Jason Storah, Aviva Canada
December 29, 2022 Canadian Underwriter StaffJason Storah, CEO, Aviva Canada Climate change is a serious threat for the property and casualty insurance industry because it is a serious threat facing homeowners and business owners who live in vulnerable areas. As an industry, we see the impact…
2023 Executive Outlook | T. Marshall Sadd, Navacord
December 28, 2022 Canadian Underwriter StaffT. Marshall Sadd, executive chairman, Navacord We are a human-capital business and the attraction and retention of talent should be our Number 1 concern. Canada’s P&C insurance industry is the backbone of the economy yet remains the best kept secret…
2023 Executive Outlook | Dave Partington, Gallagher
December 28, 2022 Canadian Underwriter StaffDave Partington, CEO, Gallagher Global Brokerage – Canada Resourcing our businesses to deliver for our clients will be the important issue in 2023. Job vacancies across Canada increased by 91% over the past three years; the labour market is tight,…
2023 Executive Outlook | Tina Osen, HUB
December 28, 2022 Canadian Underwriter StaffTina Osen, president, HUB International Canada There has been so much conversation lately about the talent landscape. The reality is, we must focus on positioning ourselves so people recognize the opportunities available in the P&C industry and understand the diversity…
2023 Executive Outlook | Bernard McNulty, Allianz
December 28, 2022 Canadian Underwriter StaffEditor’s Note: In the Dec. 28 edition of Canadian Underwriter‘s E-newsletter, the outdated 2022 Executive Outlook piece written by Bernard McNulty appeared in error. This version is the correct, 2023 Executive Outlook piece by Bernard McNulty. CU apologizes for making…