Executive Outlook
Canada's P&C insurance industry had a tumultuous year in 2023, and industry leaders predict how it will all play out next year in 2024
By David Gambrill | December 19, 2023
2 min read
Seven out of ten Canadian small businesses dealt with at least one legal dispute in the last three years – a staggering 230% increase since we last checked back in 2015. This is one of many insights gained from our most recent study with nearly 1,000 small business owners across Canada, our objective being to […]
By ARAG Legal Solutions Inc. | January 10, 2023
3 min read
Silvy Wright, president, CEO, Northbridge Financial Corporation The insurance industry faces several headwinds in 2023. Some, like climate change, have been on our radar for some time. Others, such as inflation, have emerged more recently. We will always face challenges; however, opportunities are available now that didn’t exist before – specifically, technology is enabling us […]
By David Gambrill | December 29, 2022
Shelley Willick, president, CEO, Sandbox Mutual Insurance Continued investment in technology and more diverse product offerings will be critical to meeting consumers’ shifting expectations. The pandemic changed the way people choose to spend their time. Consequently, policyholders are demanding simple, seamless and positive interactions with their insurers. This means insurers will be concentrating on the […]
By Phil Porado | December 29, 2022
Rob Wesseling, president, CEO, Co-operators Insurance affordability and access to adequate protection will continue to be a critical issue in 2023, as climate change impacts increase in frequency and severity. We need to have a critical conversation in Canada and globally about the need to build more resilient communities. We need to ensure we have […]
Jason Storah, CEO, Aviva Canada Climate change is a serious threat for the property and casualty insurance industry because it is a serious threat facing homeowners and business owners who live in vulnerable areas. As an industry, we see the impact of climate change on Canadians every day, so I can’t emphasize the threat enough. It’s easy to […]
T. Marshall Sadd, executive chairman, Navacord We are a human-capital business and the attraction and retention of talent should be our Number 1 concern. Canada’s P&C insurance industry is the backbone of the economy yet remains the best kept secret in terms of talent attraction. Our industry is persistently described as ‘old-school,’ despite its forward-thinking […]
By Phil Porado | December 28, 2022
Dave Partington, CEO, Gallagher Global Brokerage – Canada Resourcing our businesses to deliver for our clients will be the important issue in 2023. Job vacancies across Canada increased by 91% over the past three years; the labour market is tight, and unemployment is at an all-time low. Finding and retaining talent is a critical issue […]
Tina Osen, president, HUB International Canada There has been so much conversation lately about the talent landscape. The reality is, we must focus on positioning ourselves so people recognize the opportunities available in the P&C industry and understand the diversity of career paths we can provide that enable people to have meaningful, fulfilling careers. How […]
1 min read
Editor’s Note: In the Dec. 28 edition of Canadian Underwriter‘s E-newsletter, the outdated 2022 Executive Outlook piece written by Bernard McNulty appeared in error. This version is the correct, 2023 Executive Outlook piece by Bernard McNulty. CU apologizes for making the error. Bernard McNulty, chief agent, Allianz Global Corporate & Specialty Canada Increasing scarcity […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
