Awywi

It’s 1987 Again? The Insurance Industry in Crisis

The P&C insurance industry is in crisis today. Though you would hardly notice it. For the past 30 years, the numbers don’t lie, OSFI’s Aggregate P&C Industry data shows that the industry expense (acquisition) remains at 30%. Amazing that with all the advancements in technology, since I started in 1987, that needle hasn’t moved.