IBC’s Perspective September 2004

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A quarterly analysis of economic trends in Canada�s P&C insurance industry.

This issue of Perspective looks at four areas:

  • Cycles in the Canadian P&C insurance industry typically last six to eight years. The 2000 hard market was the largest downturn since the liability crisis of the early 1980s. What are the implications of these structural changes and how are these playing out: by Jane Voll

  • A very good description of why rates for the same risk vary so widely among the various insurance companies, and how the regulatory changes are changing the field.

  • A focus on the frequency part of the claims cost equation, how this has changed over the last few years and the impact that would be felt if the claims frequency reverted to previous levels.

  • Progress by the regulators and the industry towards a more bullet-proof, against major disasters, insurance environment, with a focus on earthquakes.

View IBC Perspective September 2004, pdf

Insurance Bureau of Canada is the national trade association of the private property and casualty insurance industry. It represents the companies that provide more than 90 per cent of the non-government home, car and business insurance in Canada. To view news releases and information, visit the media section of our web site at www.ibc.ca.