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Which coverages will lead brokers out of the hard market?

Canadian P&C insurance brokers have experienced a slowdown in growth for their lines of cyber and directors and officers (D&O) insurance after years of climbing in almost all commercial specialty lines. The hard market was driven by catastrophic losses in cyber insurance and uncertainty in the D&O space due to the pandemic. However, brokers are starting to hold more tools for success, creating new opportunities while transitioning into a more profitable market.

Source: www.canadianunderwriter.ca –

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