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Prospects are favorable for property and casualty insurers

By Alain Castonguay | Jan. 5, 2024, 10:59 a.m.

Photo: Marjorie Poirier / Freepik, Unsplash

In property and casualty insurance, two agencies are assessing market prospects for 2024. The future is less positive for insurers in the United States.

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AM BEST

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NORTHBRIDGE

Northbridge's written premium volume rises by 6 per cent in 2023

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INTACT

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DBRS

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INSURANCE BUREAU OF CANADA (IBC)

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FAIRFAX FINANCIAL

Fairfax among top insurers globally underwriting cyber risks in 2022

Northbridge’s underwriting profit increases 12.4 per cent

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AVIVA

Aviva Canada increases earnings by 13 per cent in 2023

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DEFINITY FINANCIAL CORPORATION

Swiss Re increases stake in Definity

Definity's earnings up 215 per cent in 2023

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Distribution

Casualty rates excluding auto liability decline at the start of 2024

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Special risks

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Strategy

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Technology

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Cyberrisks

Generative artificial intelligence expected to increase small-scale cyber attacks

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Analytic

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