Capacity and profitability drives competition, creating opportunities for improved coverage.

Canadian policymakers warned against repeating the mistakes made in California.

They have increased rates and introduced tighter terms and conditions.

However, major protection gap is an opportunity for both life and property and casualty insurance companies.

Financial institutions must adapt more quickly to technological change.

Insurers are navigating a difficult environment.

There are limits in the financial capacity of Canadian insurers to respond to very large catastrophes.