Greg Purdy, CEO, was featured in the Canadian Underwriter 2024 Executive Outlook.
“At a high level, we expect 2024 to be a challenging year for the industry. We have no clear picture on where interest rates may land when approximately half of Canadian mortgages renew in 2025, and we have historic levels of household debt. International turmoil will continue to inject volatility into financial markets. This will affect insurers, which in turn impacts how they work with brokers. All of this will potentially influence auto and property insurance premiums for consumers.”