Canada Insurance Report Q2 2018
The Canadian/Insurance/Q2 2018 industry is set for solid but slower growth in life and non-life segments from 2018. Highhousehold debt will prove a restraint to non-mandatory lines, while any increase in interest rates will prompt many Canadians tomaintain interest-bearing savings instead of opting for life cover. Meanwhile, volatile weather is raising claims in property/Insurance/Q2 2018while abuse of motor/Insurance/Q2 2018 claims is prompting increases in the cost of cover to consumers. Both factors are eroding customersatisfaction rates.
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