What will happen to the Canadian insurance industry in 2022?
There is a greater emphasis on firms’ capacity to execute on their ESG (Environmental, Social, and Governance) responsibilities. Canadian market patterns are lagging behind those of the United States, with 2022 predicted to be Canada’s third year of rate rises. In 2022, the Canadian insurance industry will continue to recover from the downturn.
What are the top priorities for the insurance industry in 2022?
In addition, as hybrid working remains the norm moving into 2022, the threat of cyber-attacks needs to be a top priority for both insurers and corporates. Innovation, mitigation and collaboration across industry and regulators will assist in managing this risk.
What will shape the property and casualty insurance industry in 2022?
Boston, MA (Jan. 6, 2022) – Delayed return-to-office initiatives and the Great Resignation are poised to shape the property and casualty insurance business in 2022 as insurers seek to improve efficiency with a remote and declining workforce. Still, the industry continues to survive, and even thrive, in this period of uncertainty.