Market at a Glance

November 2008
Best's Review;Nov2008 Guide to Understanding Insu, p30
Trade Publication
The article reports on the market performance of the property/casualty insurance in Canada. It is indicated that property/casualty market's net income for 2007 was down C$4.6 billion which dropped 3.5% from 2006. The strong capitalization and solid profitability has set for continued softening of the country's property/casualty market. Summer and winter storms in 2007 led to the drop in underwriting income and it contributed to a rise in automobile claims and combined ratio.


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