What Are Your Predictions for Canada’s Q3-2024 P&C Insurance Results?

With Q3-2024 results from OSFI-regulated insurers on the horizon, it’s a great time to reflect on last year’s Q3-2023 year-to-date performance in Canada’s Property & Casualty (P&C) insurance sector under IFRS17 standards.

Last year, some major players reported substantial gross revenues, with companies like Intact, Lloyd’s, and Aviva leading the pack.

While individual companies have already publicly shared some Q3-2024 data, the full industry picture is still taking shape. So, grab your crystal ball 🔮 and let’s hear from you:

What Are Your Predictions?
💰 What will be the overall gross revenue for Canada’s P&C sector?
🏆 Which companies will come out as revenue leaders this year?
📈 Who do you expect to lead in profitability?
🔄 Are any big shifts among the top players on the horizon?
📉 Will we see an increase or decrease in loss expenses?

Last Year’s Q3 YTD Highlights:

Revenue Leaders: Top companies like Intact Insurance Company and Aviva Insurance Company of Canada drove significant growth, setting high standards for revenue performance.

Service Expenses: Based on last year’s reports, service expenses mainly represented claims processing and policy servicing costs, reflecting the operational investments insurers make to support claims and client needs in real-time.

Follow us on LinkedIn and subscribe at InsuranceOne.ca for our Q3-2024 recap as soon as OSFI releases the results. We’ll bring you data and insights focused on IFRS17-compliant insurers reporting under OSFI. Note: OSFI results may exclude some national insurers regulated by other agencies, such as the AMF in Québec.