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 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.