Highest sales ever recorded in the Canadian market since the LIMRA survey was established.
Rates are going up, but trend may be moderated or mitigated by regulation.
Best practices identified may inform future framework evaluation and rule amendments.
The financial institution has been a minority shareholder in the insurer since February 2023.
The insurer calls the transaction the largest of its kind in Canada.
Even without a historic storm on the books, frequency makes losses severe in 2023.
Labour and increasing vehicle complexity driving changes in claims and collision repair.