How reinsurers are sizing up Canada
Canadian Underwriter » Reinsurance
by Alyssa DiSabatino
1M ago
Reinsurers may start to view the great white north as an attractive market after the most recent Jan.1 2024 reinsurance renewal, one reinsurer shared at Cat IQ Connect in Toronto.  During the Renewals Season Recap discussion, moderator Donna Ince, senior… The post How reinsurers are sizing up Canada appeared first on Canadian Underwriter ..read more
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Why you need to know the limits of your underwriting models
Canadian Underwriter » Reinsurance
by Jason Contant
1M ago
Vendors of underwriting models need to be transparent about the models’ limitations so underwriters and actuaries can understand where these limits could come into play, a speaker said last week at the CatIQ Connect conference in Toronto. Every single data… The post Why you need to know the limits of your underwriting models appeared first on Canadian Underwriter ..read more
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When the national earthquake early warning system goes live
Canadian Underwriter » Reinsurance
by Jason Contant
1M ago
Canada’s national earthquake early warning system is expected to go live in British Columbia in April followed by Ontario and Quebec this fall, the program manager for the federal government told delegates at CatIQ Connect Wednesday. The system works by… The post When the national earthquake early warning system goes live appeared first on Canadian Underwriter ..read more
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What needs to happen for a smooth 2025 reinsurance renewal season
Canadian Underwriter » Reinsurance
by Alyssa DiSabatino
1M ago
Momentum from this year’s favourable reinsurance renewal can continue into 2025 if outlying conditions and losses don’t exceed expectations, panellists said during Cat IQ Connect in Toronto.  Although it’s too early to make assertions about how the next 1.1 renewal… The post What needs to happen for a smooth 2025 reinsurance renewal season appeared first on Canadian Underwriter ..read more
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Why systemic cyber remains an industry risk
Canadian Underwriter » Reinsurance
by Jason Contant
2M ago
Systemic cyber risk remains a concern for capital providers and reinsurers, particularly as more and more businesses look at outsourced cloud-based IT operating models, a cyber underwriter told Canadian Underwriter recently.  “A lot of capital providers and reinsurers, they need… The post Why systemic cyber remains an industry risk appeared first on Canadian Underwriter ..read more
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What Jan. 1 renewals wrought on the industry
Canadian Underwriter » Reinsurance
by Alyssa DiSabatino
3M ago
January 1 reinsurance renewals are behind us, and it seems a more stable, predictable property Cat market has materialized, just as industry experts predicted.  In Canada, reinsurance renewal pricing varied broadly by buyer, based on overall performance, Gallagher Re in… The post What Jan. 1 renewals wrought on the industry appeared first on Canadian Underwriter ..read more
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What carriers can expect for reinsurance renewals
Canadian Underwriter » Reinsurance
by Alyssa DiSabatino
4M ago
Primary insurance carriers can expect for the most part flat to high single-digit premium increases during Jan. 1, 2024, reinsurance renewals, Matt Wolfe, Aon Canada’s president and CEO of Reinsurance Solutions tells Canadian Underwriter.  It’s a far cry from the… The post What carriers can expect for reinsurance renewals appeared first on Canadian Underwriter ..read more
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Is it time for a new reinsurer to enter the market?
Canadian Underwriter » Reinsurance
by Jason Contant
5M ago
Canada’s hard market in reinsurance has some execs wondering if the time is ripe for a new reinsurer to enter the Canadian market. Until Jan. 1, 2023 renewal season, Aon Reinsurance Solutions president and CEO Matt Wolfe said he never… The post Is it time for a new reinsurer to enter the market? appeared first on Canadian Underwriter ..read more
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What P&C execs predict for 2024 reinsurance rates
Canadian Underwriter » Reinsurance
by David Gambrill
5M ago
Canada’s primary property and casualty insurers expect the upcoming Jan. 1, 2024, reinsurance renewal season to be more ‘orderly’ and ‘stable’ than at the same time last year, P&C industry execs told brokers attending last week’s Insurance Brokers Association of… The post What P&C execs predict for 2024 reinsurance rates appeared first on Canadian Underwriter ..read more
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Which commercial line needs more capital?
Canadian Underwriter » Reinsurance
by Jason Contant
5M ago
Even though the cyber insurance market is in a much better place now than a few years ago, it still needs an injection of capital to keep up with burgeoning demand, a speaker said during an industry event earlier this… The post Which commercial line needs more capital? appeared first on Canadian Underwriter ..read more
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