2015 Insurance Trends Report

Toronto, ON (Dec. 3, 2015) – On Dec. 1, 2015, the Globe and Mail published its 2015 “Insurance Trends” report, featuring two articles:

  • RBC Insurance VP of Life & Health Cathy Preston provides information about Disability Insurance:

A serious illness or accident that leaves you unable to work and earn money can happen at any time. Actually, one in three Canadians will experience a period of disability of more than 90 days during their working life.

Disability insurance is designed to help, by providing income so you can focus on getting well. But many people are under-insured, especially professionals and higher-income earners. An income gap can result, with the loss of income leading to insufficient funds to cover living expenses and prepare for retirement.

Read more.

  • Insurance-Canada.ca partner Doug Grant notes that the rapid changes in technology are changing the nature of risks while affording new opportunities – and challenges – to those in the insurance industry.

As disrupters such as Uber, Airbnb and self-driven cars transform the way we live, the insurance industry is responding with new products, services and ways to communicate with clients.

New technologies are improving our ability to communicate, enabling the sharing economy and also creating new risks.

Read more.

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