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Association says government can improve insurance market conditions for businesses

By Kate McCaffery | May 8, 2024, 4:28 p.m.

Photo: Adobe Stock

New report recommends policies to help stabilize the commercial insurance market.

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Headlines

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Licensing for managing general agencies: the consultation period ends

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Reinsurers called out for retreating from risk

A strong first half for four Canadian property and casualty insurers

CANADIAN FEDERATION OF INDEPENDENT BUSINESS (CFIB)

Capital gains changes introduced in the House of Commons

Buy-sell insurance: A safeguard in tough times

Payment defaults mark the path towards recession

Female entrepreneurial clients face barriers when accessing financing

INSURANCE BUREAU OF CANADA (IBC)

Record number of insurance claims reported in Canada

Jasper wildfire drives insured losses even higher

July flooding in Toronto caused almost one billion in insured damage

Natural disasters: losses in Nova Scotia reach $490-million

Distribution

Managing general agencies: A closer look at Ontario’s proposed licensing requirements

Life insurance application activity climbs in Canada

Co-operators General reports $96 million profit in second quarter

Intact nearly triples profit in Q2 2024

Regulation

Ontario proposes additional Insurance Act amendments

Ontario ministry scrutinizes preferred provider networks

Last province in Canada implements biosimilar switching policy

Ontario ministry proposes managing general agency licensing regime

Special risks

Pensions continue derisking

Poor integration of current technologies hinders pricing

Ways to mitigate damage caused by breaches

Coalition reviews 2023 claims results

Strategy

Term life insurance policies see the highest increase in 2023

Applied Systems acquires artificial intelligence firm

Health Canada takes on appropriate medication use

No rate changes for commercial insurance market in Q2 2024

Cyberrisks

Business and technology consolidation creating opportunities for cyber criminals

Brokers concerned about SME Cybersecurity

Global outage will have limited impact on insurance

Business email compromise claims an often-overlooked threat

Climate changes

Climate adaptation is an urgent need for Canadian cities

Actuaries climate index rose in early 2024

Human influence increases heat waves

Definity reports 32% increase in second quarter net income