Executive Outlook
Insurance products must evolve to ensure the industry continues to offer coverages appropriate for consumers
By Phil Porado | December 28, 2023
2 min read
Rising inflation and an alarming trend of increased vehicle theft will continue putting additional pressure on the insurance industry in 2024.
The rising rate of auto theft is quickly establishing itself as something that will not be resolved without proactive, collaborative efforts.
leveraging data and digitalization will be critical for the insurance industry to meet rapidly evolving customer expectations
1 min read
Fraud is an emerging trend adding more weight to the industry’s shoulders so the industry will need to use AI to combat systemic fraud
By Phil Porado | December 27, 2023
The industry will see benefits of artificial intelligence start to emerge; most likely, this will be in the new customer on-boarding space
AI leads to some compelling questions: what does this mean for insurers? What about privacy? How can it make us more effective and efficient?
The ongoing impact of inflation, increasing climate change risk, and reinsurance pressure will support price increases.
Chris Sekine, President, CEO, Trisura Guarantee Insurance Company 2024 will see the evolution of economic and financial trends emerging from the end of the global pandemic, creating an interesting dynamic between primary insurers and reinsurers. And as this happens, the P&C industry is navigating a profound shift in the workplace. Canada’s commercial P&C industry experienced […]
By David Gambrill | December 27, 2023
Tina Osen, President, Canadian Region, Hub International 2024 will continue to amplify the escalation of risk. Climate change, geo-political risk, cybercrime, and inflationary pressures will continue to magnify the need for the insurance industry to provide insurance and risk solutions to individuals or businesses. Canadians will need help to navigate these risks, and they will […]
By David Gambrill | December 26, 2023
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