Financial institutions must adapt more quickly to technological change.
Transferring risk exposure to capital markets a first for Canadian insurance companies.
Net income declined 29% in the fourth quarter of the fiscal year, ending October 31, 2024.
The bank faced increased claims.
Some insurers have responded to an activist investor group's report about their involvement in fossil fuels.
Six of the seven major Canadian insurers analyzed held assets totaling $19.5 billion in the fossil fuel sector in 2023.
Major Indexes attract those seeking diversification.