How Canada's P&C Industry Is Adapting to Global Risks

By Canadian Underwriter

If it’s not Covid-19, it might be a catastrophic flood or fire, possibly spurred by climate change. Or it could be a cyberattack that originates offshore. These events can cause severe property damage, loss of business income, supply chain disruptions and employee dislocations. How will cascading, often global, risks affect insureds in Canada? How will they impact pricing for insurance and reinsurance? How will the P&C industry harness technologies that enhance customer interactions, improve risk modelling, and more? And what changes do they anticipate for insurance markets?