Paid Risk on the rise: Is legal liability jeopardizing small businesses across Canada?
January 10, 2023 ARAG Legal Solutions Inc.Seven out of ten Canadian small businesses dealt with at least one legal dispute in the last three years – a staggering 230% increase since we last checked back in 2015. This is one of many insights gained from our…
2023 Executive Outlook | Silvy Wright, Northbridge Financial Corporation
December 29, 2022 by David GambrillSilvy Wright, president, CEO, Northbridge Financial Corporation The insurance industry faces several headwinds in 2023. Some, like climate change, have been on our radar for some time. Others, such as inflation, have emerged more recently. We will always face challenges;…
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…
2023 Executive Outlook | Adam Mitchell, Mitch Insurance
December 28, 2022 Canadian Underwriter StaffAdam Mitchell, CEO, Mitch Insurance For many years, we’ve all heard – and have probably said at some point to our teams, partners or peers – that the future is coming. It now feels like the future is here. Massive…
2023 Executive Outlook | Saad Mered, Zurich Canada
December 28, 2022 Canadian Underwriter StaffSaad Mered, CEO, Zurich Canada As we look to 2023, a few major issues – climate change, cybercrime and inflation – give rise to challenges and opportunities. Climate change is a business risk and societal risk. All businesses and their…
2023 Executive Outlook | Rob Marsh, Liberty Mutual Canada
December 22, 2022 Canadian Underwriter StaffRob Marsh, president, Liberty Mutual Canada In the year ahead, many of the challenges we faced in 2022 will undoubtedly continue — an unpredictable geopolitical environment, inflation, supply chain disruption and other macroeconomic factors, severe and unique weather events, and…