Canada property-casualty : stable credit fundamentals despite increasing volatility

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<rdf:Description>
<dc:creator>A.M. Best Company</dc:creator>
<dc:creator>A.M. Best Company</dc:creator>
<dc:date>2025</dc:date>
<dc:description xml:lang="es">Sumario: he report highlights the resilience of Canada's property and casualty (P-C) insurance industry, which maintains stable credit fundamentals despite increasing volatility from climate-related catastrophes, economic uncertainty, and emerging risks. In 2024, the industry faced record-breaking insured losses exceeding CAD 9 billion, driven by severe weather events, yet continued to demonstrate strong financial performance supported by robust capitalization, disciplined underwriting, and solid investment returns. Ratings remained stable, with most insurers maintaining Excellent or Superior credit ratings. Challenges persist in the auto sector due to rising accident frequency and theft, while the property segment showed resilience. The report also explores emerging risks such as geopolitical tensions, cyber threats, PFAS exposure, and the growing role of AI and insurtech. Regulatory developments and ongoing reforms, particularly in Alberta's auto insurance framework, are shaping the future landscape. Mergers and acquisitions, distribution shifts, and technological innovation are expected to drive continued transformation and consolidation across the Canadian P/C insurance market</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/188783.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:publisher>A.M. Best Company Inc</dc:publisher>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Seguro de daños patrimoniales</dc:subject>
<dc:subject xml:lang="es">Seguros no vida</dc:subject>
<dc:subject xml:lang="es">Property-casualty</dc:subject>
<dc:subject xml:lang="es">Mercado de reaseguros</dc:subject>
<dc:subject xml:lang="es">Inversiones financieras</dc:subject>
<dc:subject xml:lang="es">Riesgos geopolíticos</dc:subject>
<dc:subject xml:lang="es">Volatilidad en los mercados</dc:subject>
<dc:subject xml:lang="es">Ciberriesgos</dc:subject>
<dc:subject xml:lang="es">Regulación</dc:subject>
<dc:subject xml:lang="es">Riesgos emergentes</dc:subject>
<dc:subject xml:lang="es">Canadá</dc:subject>
<dc:type xml:lang="es">Libros</dc:type>
<dc:title xml:lang="es">Canada property-casualty : stable credit fundamentals despite increasing volatility</dc:title>
<dc:format xml:lang="es">14 p</dc:format>
<dc:coverage xml:lang="es">Canadá</dc:coverage>
<dc:description xml:lang="es">Canada property-casualty: stable credit fundamentals despite increasing volatility -- Outlook for Canada's non-life insurance segment remains at stable -- Canada's catastrophe losses hit all-time high in 2024 -- Ratings remain stable -- Canada's reinsurance industry -- 2024 financial results -- Equity and risk-adjusted capitalization -- Investments -- Underwriting results -- Auto -- Property -- Emerging risks -- Geopolitical risk -- Cyber risk -- Mergers and acquisitions -- Distribution -- Environmental risks -- Regulatory developments</dc:description>
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