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The year of questions: Navigating 2023's uncertainties

Visibility360, PDF version to share

By Kate McCaffery | July 24, 2023, 10:39 a.m.

Photo: Adobe Stock

Positive trends and the potential for economic downturn examined.

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The most popular in Society

Political risk an emerging issue in Canada

Insurers warned that technology experimentation is needed to reap benefits

Pet insurance sales jump nearly 30 per cent over 2022

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Headlines

Interrelated megatrends driving volatility and causing enterprise-wide risks

Managers struggle to handle team emotions amidst change and uncertainty

Actuarial services in demand as new disclosure standards are deployed

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Evolving microinsurance landscape is expanding

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CANADA LIFE

Pension plans ramp up risk reduction transactions

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Great-West's earnings down by 24 per cent in 2023

Overhead expense insurance to prevent business disruption

Investment

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Pension funding rises in March

Insurers express increased appetite for private market investments

iA Financial acquires Laurentian Bank’s full-service brokerage division

Special risks

Interrelated megatrends driving volatility and causing enterprise-wide risks

Managers struggle to handle team emotions amidst change and uncertainty

Parents’ housing wealth strongly linked to higher property values for their children

Global insured catastrophe losses expected to grow

Strategy

Finance and insurance contribute to gross domestic product growth in February

Beneva’s profits up 149 per cent in 2023

Canada’s risk aversion causing country’s innovation paradox

Alberta opens consultation on auto insurance reform

Analytic

Canadian after-tax incomes decreased in 2022

Nova Scotia adopts association’s short and long-term disability templates

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Economy

Close to one-in-ten seniors worked out of necessity in 2022

BMO Insurance considers higher profile going forward

Challenging environment expected to continue for fintechs

Global survey finds majority of insurers will change technology platforms by 2025

COVID19

Six out of ten workers not performing to their full potential

Industry issues less debt in 2023

New Jersey Supreme Court finds in favour of insurers in business interruption case

Swiss Re expects global growth to shift down markedly