Crime Insurance: A Market Still Favourable to Buyers, but For How Long?

As social engineering fraud and vendor identity theft continue to rise, Canada’s crime insurance market remains surprisingly favourable to buyers—a notable contrast to hardening segments such as cyber insurance and D&O. While this environment still presents opportunities, conditions are expected to tighten. Knowing how to leverage the current landscape can make a meaningful difference.

In the latest issue of Magazine Prestige, Julie Bédard, Vice-President, Strategic Positioning and Business Relations—Quebec province, joins forces with Philippe Côté, Senior Vice-President, National Practice Leader—Executive Risks at BFL CANADA, to unpack the dynamics of this market and the opportunities it holds for businesses.

Often seen as a supplementary coverage bundled into other policies, this insurance remains affordable, but it can be underestimated by companies relying on low sub-limits. Brokers play a key role in promoting a more strategic approach that combines appropriate coverage with stronger internal controls.