Canadian insurers follow the trend in accelerated underwriting, but to a lesser extent.
Competitive pressures in certain segments are expected to limit premium increases in the property and casualty insurance
Non-peak perils – floods, wildfires and thunderstorms – fuel rising loss trends.
Current threats, liabilities and policy underwriting examined.
Reinsurers and brokerage firm collaborate to develop new cyber risk model.
Heat and wildfires had major impacts across the country in 2023, affecting both property damage and public health.
Munich Re says it will grow its risk capacity in the continent.