Canadian Underwriter

Mathematical equation on a black board
News BrokersCatastrophesClaimsInsurance

What the math says about P&C return rates

July 24, 2023 Alyssa Di Sabatino

What’s a reasonable rate of return for Canada’s property and casualty insurers? According to Craig Pinnock, chief financial officer at Northbridge Financial Corporation, for the insurance industry, it could sit anywhere between 5% on the low end, 10% on average,

Businessman touching a graph displaying financial results
News Insurance

Why global reinsurers are high-fiving right now

August 17, 2022 by Jason Contant

For the first time in five years, global reinsurers posted an underwriting profit, albeit a small one. The average combined ratio of the Top 10 global reinsurers was 99.2% in 2021, significantly better than the 104.9% posted in 2020, credit

Glowing yellow arrow indicating upward growth
News Insurance

How profitable was Canada’s P&C industry last year?

April 7, 2022 by Jason Contant

Last year saw the lowest-ever combined ratio in the Canadian P&C insurance industry, making it the third most profitable year for Canada’s P&C insurance industry since 1975, according to the Property and Casualty Insurance Compensation Corporation (PACICC). “The 2021 industry

Improved financial results
News Insurance

Why Intact beat its own expectations in recent quarters

February 9, 2022 by Jason Contant

Intact Financial Corporation expects its combined ratio to marginally improve in Canada as it continues to beat its own financial result expectations, the insurer’s chief financial officer says during an earnings call. Canada’s largest insurer saw operating direct premiums written