EST. 1903 - Presenting global influential leaders from business, labour, education & government through events
Horsford, Alan A.
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The speeches are free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.
The general insurance, or property and casualty insurance business, pervades every aspect of Canadian society. Some statistics about this insurance, in comparison to life insurance. The investment aspect of insurance. Restrictions under the various Canadian insurance acts. A description of the framework of the general insurance industry. Specific features or characteristics of the general insurance business. Some current problems in the industry. Complications because of legislation. Issues of pricing and availability. Insurance industry peculiarly vulnerable to the acceleration in the rate of inflation, with an explanation and discussion. Misconceptions of the general insurance industry, with statistics. Holding money in trust to pay claims. Challenge to show growth in sophistication and diversity as the Canadian economy grows, in order to play a proper role in the financial community.