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Key trends for Canada’s insurers: climate change, OSFI’s B-15, generative AI, ecosystems, evolving tax rules and new capabilities in risk modelling.
Environmental, social and governance (ESG) factors have quickly risen to prominence in the financial services sector, reflecting mounting climate risks, rising stakeholder concerns and increased regulatory expectations. At the same time, there has been a rapid growth in ESG frameworks, standards and reporting requirements, making it difficult to unpack what’s relevant to companies.
In a recent article (PDF)Opens in a new window (file size: 2.4 MB) that appeared in MSA Research’s outlook report for the first quarter of 2024, PwC Canada’s Param Purewal and Scott Morrison discussed the ESG regulatory compliance landscape for Canadian insurance companies and what evolving requirements mean for their businesses.
Looking for insights on navigating the evolving ESG landscape?
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We can help you take a comprehensive approach to a complex change for Canada's insurance industry.
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National Insurance Sector Leader, Partner, Strategy&, PwC Canada
Tel: +1 416 815 5052
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