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Flooding: Prevention 10 times more cost-effective than rebuilding

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By Kate McCaffery | Nov. 12, 2024, 9:20 a.m.

Photo: visualhunt

Flood adaptation efforts chronically underfunded globally.

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Headlines

Canadian life insurance application activity was flat in November

Number of Canadians smoking cannabis is on the decline

Affluent clients: Coverage is more expensive and less easily available

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SWISS RE

Natural catastrophe losses exceed USD $100-billion for fifth consecutive year

Global insurance premiums set to grow three per cent annually in 2025 and 2026

Genetic testing: Availability likely to raise insurers’ exposure to adverse selection

Pandemic-related excess mortality expected to linger for years

Special risks

Starting a career in insurance: "The key is mentorship"

Cancer remains leading cause of death in Canada

Funded status of Canadian pension plans increases in October

Majority of companies underinsured against profit-threatening risks

Climate changes

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Actuaries Climate Index climbed in Spring 2024

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Analytic

Canadian life insurance application activity was flat in November

Five advisors share how they defy time and conventions

Healthcare in Canada expected to cost $370 billion in 2024

Reinsurer calls on industry to support psychological resilience research

Damages

Insured British Columbia flooding damage surpasses $110-million

The impact of natural disasters will continue to put pressure on insurers

Industry association warns of insurability crisis

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Losses

Ontario revises accident benefit form

Intact increases earnings despite catastrophic claims

Life and health insurers paid out a record amount in benefits in 2023

Critical illness insurance: cancer and heart attack dominate claims