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2023 will be a difficult year for the Canadian insurance market. The uncertainty of a looming recession, sky-high interest rates, and the prevailing hard-market all point to challenging placements for local brokers.
In today's world, most companies are operating and transacting online increasing their overall exposure to cyber-related risks. We have highlighted the pros and cons of making Cyber Security Insurance a compulsory purchase.
The current economic environment is expected to put a strain on the construction insurance market. Here are our expectations and recommendations for successfully navigating the coming months.
Financial institutions have been exposed recently to more risks. Here are the key covers to protect your business.
2022 saw a 5-10% increase in healthcare renewals that didn't change exposure. What's in store for 2023? Recently our Managing Director Dr Edwin Rajadurai sat down with Emerging Risks Media to offer a
In 2022, Servca experienced our most successful year to date for Cyber Insurance programs, with exponential growth in risks that needed placement in the London market. However, we need to look into the future and determine the factors that will determine success in 2023.
With ongoing challenges such as inflation, rising interest rates, and extra competition, these trends will likely shape the Professional Indemnity market in 2023.
As the PI industry continues to differ day by day and leave us all with a rollercoaster of emotions, it is clear there is still one area suffering which is the fire safety industry.