Canadian Industrial Outlook: Insurance—Summer 2017

The Conference Board of Canada, 12 pages, September 26, 2017
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This report examines the short-and medium-term economic and profitability outlook for Canada’s insurance industry.

Document Highlights

  • Interest Rates—Canadian interest rates are on the rise, benefiting insurers as their investment returns increase. Higher interest rates will outweigh the adverse effect of slower consumer spending on big-ticket, insurable goods.
  • Tracking Devices—Insurers potentially will be able to take advantage of devices such as wearables and GPS tracking in cars, although these technologies are still far from being fully mature. Privacy and accuracy concerns will need to be addressed for the full potential to be realized.
  • Cyber Insurance—The world of increased digitization has led to a rise in cyber attacks, putting firms at risk of liability lawsuits. This has led to a growing demand for privacy and security insurance, benefiting the property and casualty sector.

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