Remember the old proverb, “In like a lion, out like a lamb”?
It’s an old Farmer’s Almanac expression holding that if harsh winter weather happens at the beginning of March, the month will end with milder, spring weather.
Well, in 2024, the lion seemed to move in with all of its furniture and belongings.
It’s been a very busy year for Canada’s property and casualty industry. As everyone knows by now, it was the worst natural catastrophe season the country has ever seen, by far.
But it’s not just the Cats. Unexpected risks seemed to pop up everywhere. On top of climate risk, there was war, terrorism and political violence risk, cyber risk, artificial intelligence risk, supply chain risk, and auto and cargo theft risk, to name a few. And now, thanks to the result of this year’s U.S. election, the industry will have to navigate their clients’ cross-border and trade risks.
If anyone deserves a calm, peaceful and tranquil holiday season, it’s Canadian property and casualty insurance professionals. You’ve done more than earn a restful time of family, fellowship and good cheer, so please take the time to enjoy some peace and joy during the holiday season.
For our part, Canadian Underwriter will be taking time off during the holidays. Starting on Monday, Dec. 23, we will be handing the mic over to our industry’s executives to tell us what they foresee in 2025.
Our annual ‘Executive Outlook’ series will run from Dec. 23, 2024, through to Monday, Jan. 6, 2025. Interspersed will be our top stories of 2024, which sum up some of the biggest events of the year.
Our CU news team will be back in the saddle again on Monday, Jan. 6, to bring you fresh news, insights, observations and analyses as we follow the industry’s stories in 2025.
Thank you for all of your hard work and dedication to making Canadians whole again in 2024. From all of us here at Canadian Underwriter, we wish everyone the best during the holiday season and a Happy New Year!
Feature image courtesy of iStock.com/BojanMirkovic
