Covid19 – Claims Activity Is Increasing!
Remember to Report Past Dues and Be Mindful of the Maximum Extension Period When the Coronavirus first surfaced in China, we were wondering what the impact would be on the global supply chain and global payment trends. Here we are 4 months later and we are starting to see requests... more…
Posted March 16, 2020
2020 Economic Outlook
This morning I attended the Risk Management Associations 4th Annual Chief Economist panel discussion. The chief economists of BMO, Scotiabank, TD, RBC and BDC comprised the panel. The consensus amongst the 5 economists is the economy is in better shape than the recently reported inverted yield curve might suggest. In... more…
Posted October 15, 2019
2018 A Stellar Year for the Credit Insurance Industry Despite the Global Trade Policy Uncertainty
The 2018 underwriting results are now available and 2018 was a great year for our Canadian underwriters, especially EDC who went from a 166% loss ratio for 2017 to a -15% loss ratio in 2018. EDC paid a dividend to the Canadian government of $ 969 million in 2018. From... more…
Posted May 28, 2019
