How insurance will be hurt by a lagging economy

Author: ExTeRNaL AuThoR | May 06, 2020 | Categories: Auto Insurance , Business Insurance , Corporate Tax Saving Plan , Critical Illness Insurance , Disability Insurance , Home Insurance , Insurance Advisor , Insurance Agency , Insurance Services , Life Insurance , Mortgage Insurance , Non-Medical Life Insurance , Non-Registered Savings Plan

The Canadian property and casualty insurance industry is okay — for now. But the longer the global COVID-19 pandemic drags on, the greater the risk that the economic fallout and financial instability will impact the industry’s financial position, warns MSA Research CEO Joel Baker.

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Original Article Source Credits: Canadian underwriter, https://www.canadianunderwriter.ca/

Article Written By Adam Malik

Original Article Posted on : April 20, 2020

Link to Original Article: https://www.canadianunderwriter.ca/insurance/how-insurance-will-be-hurt-by-a-lagging-economy-1004177115/