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Intact warns of indirect economic impact from COVID

September 29, 2020 by Greg Meckbach

The economic impact of the COVID-19 pandemic is one of the biggest risks facing Canadian insurers, executives told a recent investors’ conference. “What can happen to us is what we call indirect losses,” Intact Financial Corp. CFO Louis Marcotte said

News Insurance

How real are concerns about a recession?

August 23, 2019 by Adam Malik

So long as a trade war and tariffs being thrown around, recessionary fears will always linger over the head of the economy. But that doesn’t mean it’s all storm clouds. One economist believes Canada is in good shape. The latest

News BrokersInsurance

Economic forecast: What it means for the insurance industry

August 1, 2019 by Adam Malik

Canada’s economy is expected to pick up in the coming months after going through a bit of a cold spell. But risks both domestically and abroad could get things off-kilter, a recent report found. An upward trend for the economy

News Insurance

How long you might wait for interest rate hikes

July 12, 2019 by Greg Meckbach

Interest rates in Canada won’t change for the next 18 months, but what happens after that is hard to predict, a Bank of Montreal economics expert suggested Thursday. The Bank of Canada announced Wednesday it is keeping the overnight interest

News Brokers

How brokers can talk clients out of declining coverages

July 10, 2019 by Adam Malik

Companies looking to save a few bucks by declining certain insurance coverage options are putting themselves at risk, and it’s up to brokers to ensure their clients understand the consequences. What do you tell a commercial client who doesn’t want

News Insurance

How the economy could spell trouble for insurance

July 8, 2019 by Adam Malik

As the economy goes, so does the insurance industry. But what happens where things aren’t necessarily taking off, but not falling by the wayside either? Business leaders are increasingly hopeful about the economy. A recent quarterly survey released by the

News Legislation / Regulation

What needs to happen before interest rates rise

January 9, 2019 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The Bank of Canada left its trend-setting interest rate unchanged at 1.75 per cent Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming months. Before long, however, the central bank expects

News Earnings / Ratings

Why interest rates might not rise further

December 4, 2018 Craig Wong - THE CANADIAN PRESS

OTTAWA – The pace of economic growth in Canada slowed in the third quarter as business investment spending fell and the growth in household spending slowed, raising questions about the future pace of interest rate hikes by the Bank of

News InsuranceRiskTechnology

The Top 3 risk concerns for Canadian executives

November 19, 2018 by Jason Contant

Business executives in Canada and the United States say economic risk (21%) is their primary concern, followed closely by cyber risk (20%) and technology risk (16%). CNA Hardy released its first global Risk and Confidence Survey Monday. While over two-thirds