Insurance Business Canada Magazine

📸 Photos are now up! Relive the unforgettable night of insurance excellence at the #IBAwardsCA! From inspiring speeches to well-deserved wins, the energy in the room was incredible. Check out the highlights and moments that made this evening one for the books! View gallery here: https://hubs.la/Q02Yp__Y0 #Insurance #InsuranceIndustry #InsuranceBusiness #Brokers

Shannon Varney, partner at McKinsey’s Boston office and lead author of the 2025 Global Insurance Report, emphasizes the need for insurers to focus on clear strategies, efficient underwriting, and distribution to drive consistent growth in the evolving commercial P&C market. https://hubs.la/Q02ZyKF20

Moen’s national sales manager, Jerry Fairborn, shares insights on how Moen’s Smart Water Management solutions are transforming home protection. With climate risks on the rise, these advanced tools help brokers support clients in preventing costly water damage claims, which average nearly CA$17,000. By offering Moen’s innovative tech, brokers can be trusted advisors in risk management. Learn how smart solutions can make a difference! https://hubs.la/Q02Zh7yk0 #SmartWater #HomeProtection #RiskPrevention #InsuranceInnovation

As technology becomes more integrated into actuarial workflows, the Canadian Institute of Actuaries (CIA) has identified key areas where generative artificial intelligence (Gen AI) is transforming traditional practices with greater efficiency and precision. https://hubs.la/Q02ZyT5s0

Tokio Marine Holdings is taking a cautious approach to growth in its specialty insurance and cyber insurance lines as it reported strong underwriting business in North America and Brazil in its half-year 2024 financial results. https://hubs.la/Q02ZmRfv0

Patrice Houle of CNA Canada explores the growing concerns around per- and polyfluorinated substances (PFAS), commonly known as "forever chemicals," in the context of environmental insurance. https://hubs.la/Q02ZhbGD0

Achieving rate adequacy has become increasingly challenging for personal auto insurers as rate filing approval processes have grown more cumbersome over the past decade, according to a study by the Insurance Research Council (IRC). https://hubs.la/Q02ZmT8f0

Looking to become an insurance broker in Canada? 🌟 Earning your license is the first milestone — and choosing the right insurance broker course is key to getting there. Whether you're searching for online programs, free resources, or specific certificate paths, we've got you covered. Explore our guide to kickstart your career in this rewarding field: https://hubs.la/Q02Zh5P20 #InsuranceCareers #InsuranceBroker #Education #CanadaInsurance

The global reinsurance sector is poised for strong earnings growth between 2024 and 2026, building on robust results in 2023, according to an analysis by S&P Global Ratings. https://hubs.la/Q02ZmRcv0

A TD Insurance survey reveals significant insurance gaps among Canada’s SMBs, with 40% acknowledging they need coverage and 19% citing concerns about business interruption. Tang Trang, VP of small business insurance at TD Insurance, emphasizes the vital role brokers play in educating SMBs about risk management and tailored insurance solutions. https://hubs.la/Q02ZyJc50