OCTOBER 07, 2024 08:16 AM (EDT)

AM Best to Discuss Canada Insurance Market Analysis, the Impact of Climate Risk and IFRS 17 Accounting Updates at Toronto Briefing

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FOR IMMEDIATE RELEASE

OLDWICK - OCTOBER 07, 2024 08:16 AM (EDT)
AM Best will host an insurance market briefing on the state of Canada's insurance industry at the Sheraton Centre Toronto Hotel on Friday, Oct. 25, 2024.

During the complimentary half-day event, AM Best analysts will deliver market insights and present overviews of Canada's main insurance sectors, including discussion of emerging trends such as climate risk mitigation, cyber and artificial intelligence, and updates around the IFRS 17 accounting practices.

To register for AM Best's Canada Insurance Market Briefing - Toronto, please go to AM Best's Canada Insurance Market Briefing - Toronto.

Sessions during the event include:

· AM Best's Canadian Market Outlooks: 2024 has been a difficult year for insurers with wildfires and flooding pushing catastrophe-related claims costs higher. AM Best analysts will provide an economic overview, as well as analysis of the performance of Canada's property/casualty and life/annuity lines of business with outlooks for the coming year.

· Climate Trends and Risk Mitigation: Rosemarie Mirabella, director, AM Best; Sylvain Nolet, vice president of property/casualty-commercial lines, Beneva; and Jayanta Guin, executive vice president and chief research officer, AIR Worldwide/Verisk, will discuss the issues and challenges facing the market in the wake of pressure from increased weather-related losses.

· Cyber Risk & Artificial Intelligence: Sridhar Manyem, senior director, industry research & analytics, AM Best, will give a presentation on the future implications for the cyber insurance market in the wake of technology advancements.

The event begins at 8 a.m. EDT with a continental breakfast and registration, followed by the start of the sessions at 9 a.m. The event will conclude with a networking lunch for attendees to connect with AM Best and other industry professionals. To view the agenda and register, please visit the event website.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.