Marketplace Insight Spring 2020 | Lloyd Sadd
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Marketplace Insight Spring 2020

A Hard Market & A Historic Downturn

Insurance companies are doing all they can to support customers through a historic business slowdown. But their need for ongoing rate increases persists.

Through the first quarter of 2020 Canadian insurance companies continued to follow through on rate increases and appetite restrictions—undertaken in 2019—which were aimed at returning the industry to profitability.

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