FREE Membership Sign in

JavaScript is disabled in your browser.

In order visualise this page, please follow these steps.

Aging infrastructure leading to increased losses

By Kate McCaffery | Aug. 1, 2024, 10:31 a.m.

Photo: Adobe Stock

Global report for climate risk managers warns against using outdated models

This article is reserved to PRO Level subscribers

Discover the PRO Level

The most popular in P&C

Life and general insurance agent assessed fines for both licenses

Coalition asks regulators to allow adjuster reciprocity across the country

Industry urged to be proactive and use more advanced risk models

Make your business shine with Visibility360!

Get a PDF version to share in your networks.

I'm interested

Headlines

Pandemic-related excess mortality expected to linger for years

Ontario proposes accreditation for insurers that demonstrate sound practices

Competition for private assets expected to intensify

Related topics …

Flash

Pandemic-related excess mortality expected to linger for years

Ontario proposes accreditation for insurers that demonstrate sound practices

Agent made 100 unauthorized transfers to meet quotas

Canadians open to artificial intelligence advice – even when unsound

P&C Insurance

Construction insurance capacity grows while pricing remains stable

Marine insurers particularly exposed to geopolitical risks

U.S. liability risks expanding rapidly

Ontario proposes additional Insurance Act amendments

Business insurance

Business and technology consolidation creating opportunities for cyber criminals

Economic conditions impacting service providers

Aviva Canada's profit declines 10% in the first half of 2024

Poor integration of current technologies hinders pricing

WTW (ex-WILLIS TOWERS WATSON)

Pension plans ramp up risk reduction transactions

Ratings and research agency examines post-pandemic mortality assumptions

Willis Towers Watson appoints head of Canadian Broking Team

Aon and Willis Towers Watson ditch merger attempt

Special risks

Hurricane Debby event is the costliest in Quebec’s history

Reinsurers called out for retreating from risk

Pensions continue derisking

Ways to mitigate damage caused by breaches

Climate changes

Calgary hailstorm second costliest insured event in Canadian history

Weather radars: Informing Canadians about their exposure to risk

Coalition asks regulators to allow adjuster reciprocity across the country

Industry urged to be proactive and use more advanced risk models

Analytic

Competition for private assets expected to intensify

Canadian life application activity flat in August

Actuaries climate index rose in early 2024

Nearly half of Canadians have difficulty meeting day-to-day expenses

International

Investors concerned about major US companies’ stock performance

European cross-border medicine example touted as a solution for Canada

Reinsurance industry fully recoups following weaker profit years

Dedicated reinsurance capital rose in 2023

Damages

Jasper wildfire drives insured losses even higher

Electric vehicle repair costs rise

Hurricane season not expected to impact reinsurer’s credit ratings

Thefts of heavy vehicles and cargo borne by insurers

Losses

Who is most likely to commit insurance claims fraud?

Record number of insurance claims reported in Canada

Workplace injuries: Falls are costly

Age makes all the difference for 20-year term insurance