Insurance industry needs to evolve to handle greater risks

life insurance industry canada

Canada’s insurers, and other parties, will have to adapt to the growing frequency of natural disasters Severe weather is beginning to have a major impact on Canada’s insurance industry. As powerful storms hit populated areas, claims are beginning to apply significant financial pressure on insurance companies offer coverage for property and vehicles. The Insurance Bureau of Canada believes that the time has come to address the rising costs associated with severe weather. Doing so may help mitigate the costs that consumers see and help the insurance industry become more resilient…

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