Correct. Canada is becoming a more difficult and costly place to reinsure for insurers, so reinsurers are paying more in terms of reinsurance. Then, of course, that means average Canadians are paying more as well.
February 3rd, 2020 / 6:55 p.m.
Vice-President, Federal Affairs, Insurance Bureau of Canada
Correct. Canada is becoming a more difficult and costly place to reinsure for insurers, so reinsurers are paying more in terms of reinsurance. Then, of course, that means average Canadians are paying more as well.
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