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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.
The Canadian life and health insurance sector is at a pivotal juncture, facing a period of significant change over the coming months. In a recent article (PDF)Opens in a new window that appeared in MSA Research’s outlook report for the first quarter of 2024, PwC Canada’s Patrick Byrne, Gus Leite and Matt Wettlaufer examined key areas of change—finance transformation and talent acquisition—facing Canadian life and health insurers.
They explored topics such as the impact of generative artificial intelligence on finance teams and further investments to accelerate transformation after completing efforts to comply with International Financial Reporting Standard (IFRS) 17.
Key trends for Canada’s insurers: climate change, OSFI’s B-15, generative AI, ecosystems, evolving tax rules and new capabilities in risk modelling.
What do ISSB disclosures, OSFI’s B-15, CSRD and SEC rules mean for Canada’s insurance companies?
A series to help Canadian insurers navigate digital disruption and other social, economic and environmental forces reshaping the insurance industry.
We can help you take a comprehensive approach to a complex change for Canada's insurance industry.
National Insurance Sector Leader, Partner, Strategy&, PwC Canada
Tel: +1 416 815 5052